Soreide Law Group, based in Florida, obtained the following information, available to the public on FINRA’s website, from FNRA’s Disciplinary Actions of September, 2017, regarding Florida broker:  Daniel Joseph Hushek III (CRD #4250117, Bradenton, Florida)   Hushek was assessed a deferred fine of $10,000 and suspended by FINRA for 15 months for allegedly failing to […]

EDWARD THOMAS MURPHY CRD#: 3041818 was barred by FINRA from acting as a broker or otherwise associating with firms that sell securities to the public. Murphy failed to respond to FINRA’s request for information. According to FINRA’s BrokerCheck, Edward T Murphy has multiple Customer Disputes with alleged client complaints between 2008–2013, including, but not limited […]

Soreide Law Group obtained the following information from FINRA’s Disciplinary Report from July 2017: Edward Thomas McFarlane (CRD #2492335, Glenside, Pennsylvania) was fined $5,000 and suspended by FINRA for two months for allegedly recommending and effecting unsuitable transactions involving inverse, leveraged, and inverse-leveraged exchange-traded funds (non-traditional ETFs) in clients’ accounts. FINRA’s findings stated that the […]

Soreide Law Group obtained the following information on FINRA’s website under, “Disciplinary and Other FINRA Actions, December 2016.” Robert James Batchen (CRD #2106288, Wheeling, Illinois) was assessed a deferred fine of $15,000, and suspended by FINRA for five months for allegedly effecting discretionary trades in a client’s accounts. FINRA’s findings stated that although the client […]

VelocityShares 3x Long Crude Oil ETN (UWTI) 52 Week Range:  11.70 - 140.90 In June of 2009, the Financial Industry Regulatory Authority (FINRA) released FINRA Notice to Members 09-31 concerning Non-Traditional ETFs. The Notice states that, “inverse and leveraged ETFs that are reset daily are typically unsuitable for retail investors who plan to hold them […]

Citigroup Global Markets Inc. (CRD #7059, New York, New York) was censured and fined $3,000,000, to be paid jointly to FINRA and the New York Stock Exchange (NYSE) for allegedly failing to deliver prospectuses in connection with sales of certain ETFs (Exchange Traded Funds) to customers. FINRA's findings stated that Citigroup Global Markets failed to […]

NOAH L. MYERS (CRD# 2387620) a former investment advisor from Lyme, Connecticut, was sentenced to prison for 40 months. Myers pled guilty to engaging in fraudulent trade allocations involving “cherry picking.” Myers "picked" good investments for himself and left his clients with the bad ones, according to the SEC. Noah L. Myers the former owner […]

The Fort Lauderdale-based Soreide Law Group has obtained the following summation of information from FINRA's Website under "Disciplinary and Other Actions, November 2014." Herbert Leonard Kaye (CRD #265572, Delray Beach, Florida) was assessed a deferred fine of $25,000, which includes disgorgement of $11,000 of commissions and was suspended by FINRA for four months for allegedly […]

The Fort Lauderdale-based Soreide Law Group, phone (888) 760-6552, obtained the following summation of information from FINRA’s website, under “Disciplinary and Other FINRA Actions, May, 2014.” Jon Fred Larson (CRD #861915, Lakeland, Florida) was assessed a deferred fine of $5,000 and suspended by FINRA for 10 business days. According to FINRA's findings, allegedly Larson entered […]