Lars K. Soreide, of Soreide Law Group, PLLC, filed a FINRA arbitration in February of 2012, against National Securities Corporation alleging: negligence, negligent supervision, and breach of fiduciary duty, due to among other unsuitable investments, the sale of Roundstone Healthcare Capital Partners. Recently, Roundstone Healthcare Partners, and its affiliates, have filed a RICO suit against numerous defendants in […]

ATTENTION Tenant-in-Common ("TIC") Investors.   If you have sustained losses in the following Tenant-in-Common ("TIC") investments, call attorney Lars K. Soreide of the Soreide Law Group today at 1 (888) 760-6552 or visit securitieslawyer.com: DBSI Tenant In Common (TIC) Investment TSG Tenant in Common (TIC) Investment Evergreen Tenant in Common (TIC) Investment US Advisors Tenancies […]

The following information was obtained on FINRA’s website’s ‘Disciplinary Actions, January 2012.”   Andrew James Aragona (CRD #1320844, Registered Representative, Deerfield Beach, Florida)   was named as a respondent in a FINRA complaint alleging that he recommended variable annuity switches to an elderly customer who had a moderate risk tolerance and a primary investment objective […]

In a February 17th., 2012, article for InvestmentNews.com, Bruce Kelly writes that a broker formally affiliated with Morgan Stanley Smith Barney LLC, Berthel Fisher & Co. Financial Services Inc. and LPL Financial LLC was arrested in Oregon this month for allegedly stealing $584,000 from three investors. The now ex-broker, James Scott McKee, was charged Feb. 9 […]

In a February 14th., 2012, article in InvestmentNews.com, Bruce Kelly writes that LPL Financial, LLC, is on the hook for a $1.4 million arbitration awarded to an elderly couple who bought real estate deals. According to the attorney for the plaintiffs, the property investments relied on “tricks” to boost their yields before they collapsed. Heinrich […]

The following information was obtained on FINRA’s website’s ‘Disciplinary Actions, January 2012.”   Joseph James Sciarra Jr. (CRD #1576322, Registered Principal, Wellington, Florida)   was barred from association with any FINRA member in any capacity and ordered to pay $393,935, plus interest, in restitution to a customer’s estate. The sanctions were based on findings that […]

Bruce Kelly writes in a February 9th., 2012 article for InvestmentNews.com that securities regulators are taking a close and careful look at a fast-growing alternative investment known as a nontraded business development company. The InvestmentNews.com article states that the North American Securities Administrators Association is “gearing up to draft a statement of policy” on nontraded […]

In an article for InvestmentNews.com, on February 1st, 2012, Mark Schoeff Jr. writes that in a market defined by low interest rates, investors are searching for higher returns. But brokers better be careful how they try to deliver those results, according to their primary regulator. In a 16 page letter posted on its website, the Financial Industry […]

In a February 4th., 2012, article by Andew Osterland in InvestmentNews.com, he writes that it's not an easy conversation to have, but financial advisers need to talk to their clients about Alzheimer's disease and other forms of dementia and the impact it can have on their financial circumstances. “The first conversation is difficult, but after […]