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 […]

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 […]

Did your broker/financial advisor recommend this high-risk leveraged ETF for your otherwise conservative or moderate portfolio? ProShares Ultra VIX Short-Term Futures (UVXY) 52 week range:  32.02 – 664 This investment seeks daily results that match (before fees and expenses) two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index. The index […]