Sean Francis Sheridan has been barred by FINRA for alleged excessive trading, also know as churning. FINRA's investigation found that he executed 205 excessive mutual fund trades with eight customer’s from January, 2007, through December, 2009. Sheridan effected these trades on a short-term basis of approximately four to five months, increasing customer losses while also […]

The following information has been obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, September, 2013.” Carl Max Birkelbach (CRD #1177843, Registered Principal, Chicago, Illinois) was suspended from association with any FINRA member in any capacity for two years. Without admitting or denying the allegations, Birkelbach consented to the described sanction and to the […]

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013.” Alan Jay Davidofsky (CRD #1389312, Registered Representative, Delray Beach, Florida) was fined $11,741.78, plus interest, which represents disgorgement, and barred from association with any FINRA member in any capacity. The […]

The U.S. Securities and Exchange Commission (SEC), recently upheld a penalty which banned from the securities industry for life, Carl Birkelbach, now 72, the founder of now-defunct Chicago firm, Birkelbach Investment Securities Inc., for failing to supervise a broker who generated more than $1 million in commissions during 3-1/2 years in the early 2000s while […]

Recently, certain United States based brokerage firms have been contacting investors located in England, Scotland, Wales, and Ireland, soliciting customers to open accounts at USA based brokerage firms. The Securities Lawyers at Soreide Law Group have recently been receiving a large number of inquires from overseas investors. The UK investors are now looking to initiate […]

Soreide Law Group, PLLC, is currently investigating claims against Douglas A. Leone of Newport Coast Securities, Irvine, California.  Leone was previously, according to FINRA's Brokercheck,  located in New York. Currently, according to FINRA's Brokercheck, Leone has 3 pending customer disputes against him and has other cases that have been settled in arbitration.  The alleged charges against him that were settled […]