Morgan Stanley's Michael Paesano Allegedly Gave Bad Advice To Clients Soreide Law Group is investigating potential investor claims of sales practice violations by broker Michael Paesano [CRD#: 1557229, New York, New York]. Notably, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck reports that approximately 21 clients disputed the securities broker, who worked with Morgan Stanley from May […]

Losses From Lance Ziesemer? Soreide Law Group is investigating possible claims of excessive trading and unsuitable trading by Feltl & Company securities broker Lance Ziesemer (CRD#: 2342087, Wayzata, Minnesota). Notably, Ziesemer reports on FINRA BrokerCheck that at least 14 clients brought complaints or arbitration claims about his sales practices. It appears from those investor claims […]

Did ALLAN MONTALBANO Excessively Trade Your Account? Soreide Law Group is evaluating possible investor claims against Worden Capital Management and National Securities Corporation broker and financial advisor Allan Montalbano (CRD#: 4507029, Garden City, New York).  Notably, at least 14 clients of Montalbano disputed his sales practices, and all but 3 disputes have settled through payments […]

Did Debra Lambert Excessively Trade Your Account? The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations against Raymond James and Merrill Lynch securities broker Debra Lambert (CRD#: 2238553, The Villages, Florida). Notably, at least 1 Raymond James client and 2 Merrill Lynch clients filed disputes contesting Lambert’s sales practices. Here’s a summary of the allegations […]

DANIEL MAUGHAN Charged In FINRA Complaint Alleging Churning, Excessive Trading FINRA Department of Enforcement filed a Complaint against Financial West Group securities broker Daniel Maughan (CRD#: 2561363, Los Angeles, California). The Complaint, dated August 14, 2019, alleges that Maughan, who worked for Financial West Group from 2010 to 2017, violated securities laws and FINRA rules […]

CHARLES KENAHAN Churn Your Investments? Soreide Law Group is evaluating possible investor claims on behalf of investors who suffered losses because of Merrill Lynch securities broker Charles Kenahan (CRD#: 1351974, Boston, Massachusetts). Evidently, Merrill Lynch announced on July 9, 2019 that it disaffiliated with Kenahan. The brokerage firm alleged that Kenahan gave bad advice to […]

SUMMIT BROKERAGE SERVICES Reprimanded By FINRA The Financial Industry Regulatory Authority (FINRA”) announced that it sanctioned Summit Brokerage Services Inc. (CRD#: 34643, Boca Raton, Florida). Evidently, Summit failed to supervise securities brokers’ investment recommendations to prevent excessive trading. The securities firm also failed to supervise securities brokers’ use of consolidated reports. Summit “accepted” that it […]

The Soreide Law Group has obtained the following summary of information from FINRA’s website, “Disciplinary and Other FINRA Actions, January, 2015.” James Mark McLaughlin (CRD #1925099, Westover, Alabama) was barred by FINRA for allegedly excessively trading in clients’ accounts. FINRA's findings stated that McLaughlin recommended unsuitable short-term trading of A-share mutual funds in clients’ accounts, […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, February, 2013.” Richard Grant Cody (CRD #2794558, Registered Representative, Wall, New Jersey) was fined a total of $27,500 and suspended from association with any FINRA member in any capacity for one year. The United States Court of Appeals for the First Circuit […]