Soreide Law Group obtained the following on FINA’s Disciplinary Report February, 2017: The Office of Hearing Officers (OHO) issued the following decision, which has been appealed to or called for review by the NAC as of December 31, 2016. The NAC may increase, decrease, modify or reverse the findings and sanctions imposed in the decision. […]

Soreide Law Group (888-760-6552) obtained the following information from FINRA’s December disciplinary actions: Jeffrey D. Jacobson (CRD #1976541, Maple Grove, Minnesota) was fined $7,500 and suspended by FINRA for 15 business days for allegedly failing to adequately supervise a representative who initiated hundreds of trades for elderly clients without contacting them and unsuitably recommended transactions […]

The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:”   James Calvin Wylie Jr. (CRD #834405, Registered Representative, Ponte Vedra Beach, Florida)  submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for one month. Without admitting […]

 The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:” E*Trade Capital Markets LLC (CRD #111528, Chicago, Illinois)  submitted a Letter of  Acceptance, Waiver and Consent in which the firm was censured, fined $45,000, required to pay $812.13, plus interest, in restitution to customers and to revise its WSPs regarding trade reporting. Without […]

The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:”   Cantone Research Inc. (CRD® #26314, Tinton Falls, New Jersey) and Christine L. Cantone (CRD #2687618, Registered Principal, Thompson, Pennsylvania)   submitted an Offer of Settlement in which the firm was censured, fined $25,000, $10,000 of which was jointly and severally with Christine […]

The following information was obtained on FINRA’s website’s ‘Disciplinary Actions, February 2012.”   Mercantil Commercebank Investments Services (CRD #117284, Coral Gables, Florida)   submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $20,000 and required to report to TRACE the transactions that were not previously reported.   Without admitting […]

The following information was obtained on FINRA’s website’s ‘Disciplinary Actions, February 2012.”   Revere Securities Corp. (CRD #14178, Boca Raton, Florida)   submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $15,000 and required to revise its WSPs (Written Supervisory Procedures)  regarding OATS (Order Audit Trail System) reporting.   […]

Elevation, LLC (CRD #140341, Charlotte, North Carolina)   submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $10,000.   Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it commenced an options business, engaged in options transactions […]

In a November 23, 2011, article in FA Magazine, Karen DeMasters writes that LPL Financial has been fined $100,000 for failing to properly oversee one of its brokers in Oregon who sold risky investments to people, many of them elderly and without the mental capacity to make investment decisions. It was reported that the Oregon […]