Fort Lauderdale-based Soreide Law Group, (888) 760-6552, recently obtained the following summary of information located on FINRA’s website, under “Disciplinary and Other FINRA Actions, August, 2014.” 79 Capital Securities, LLC (CRD #145511, Orlando, Florida) and Michael Maurice Ward (CRD #2853262, Orlando, Florida) 79 Capital Securities was censured and fined $25,000, jointly with Michael M. Ward […]

Polar Investment Counsel, Inc. (CRD #42847, Thief River Falls, Minnesota) was censured and fined $12,500, because the Written Supervisory Procedures (WSPs) of Polar Investment Counsel Inc., prohibited their registered representatives from recommending low-priced securities, such as penny stocks, to its customers. FINRA found that because penny-stock transactions at Polar Investment Counsel were unsolicited, it did […]

Soreide Law Group, (888) 760-6552, obtained the following summation of information on FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2013.” Raymond James & Associates, Inc. (CRD #705, St. Petersburg, Florida) was censured, fined $15,000 and required to revise its WSPs (Written Supervisory Procedures). Without admitting or denying the findings, the firm consented to […]

Soreide Law Group is currently investigating Alpine Total Dynamic Dividend Fund (AOD). There were nearly 220 million shares sold to the public with a Closed-End Fund trading 31.45% above its Net Asset Value. It may soon be no longer one of the more favored of the Alpine funds. Alpine has recently disclosed that they have […]

On September 9th, 2012, at the annual meeting of the North American Securities Administrators Association Inc. (NASAA) in Coronado, California, the top five types of violations in some areas of supervision at broker-dealers were: failure to follow written supervisory policies, suitability, correspondence/e-mail, maintenance of customer account information and internal audits, according to the results of […]