In a March, 2012, article for Forbes, Bill Singer writes that for the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing and without an adjudication of any issue, AXA Advisors, LLC submitted a Letter of Acceptance, […]

In a March, 2012, article for InvestmentNews.com, Dan Jamieson writes that industry observers are wondering why the Financial Industry Regulatory Authority Inc. (FINRA)has issued a proposal to disclose licensing exam scores on its BrokerCheck system. Finra has requested comments regarding disclosing more through the disciplinary reporting system, including exam scores, broker termination information and more historical data. Jamieson […]

Bruce Kelly writes in an InvestmentNews.com article, that another nontraded real estate investment trust has taken a sudden and precipitous decline in value — this time plunging nearly 72%. The investors in the Cornerstone Core Properties REIT Inc. were told this month by the company that the shares, once valued at $8, are now worth […]

In an InvestmentNews.com article, Dan Jamieson writes that Green Street Advisors Inc., says to forget the new breed of nontraded REITs. Investors are far more likely to be better off with publicly traded REITs, the research firm said in a report released Wednesday. The current regulatory scrutiny has forced sponsors of nontraded REITs to address […]

In an InvestmentNews.com article by Bruce Kelly, April 1, 2012, he writes that shortly after Susan Fox bought a nontraded real estate investment trust for her IRA, the REIT started to show quarterly losses. But when she met with her broker to discuss her concern, he sold her a second nontraded REIT. Kelly writes that […]

On the Financial Industry Regulatory Authority's website (FINRA) it was announced that it had fined Citi International Financial Services LLC, a subsidiary of Citigroup, Inc., $600,000 and ordered more than $648,000 in restitution and interest to more than 3,600 customers for charging excessive markups and markdowns on corporate and agency bond transactions, and for related supervisory violations. Executive […]

Soreide Law Group, PLLC, is currently investigating Cawley Fund I, LLC Private Placement, and Cawley Fund II. If you or a loved one have suffered a loss by investing in these private placement funds, we may be able to help you recover your losses.  Your broker or financial advisor may have recommended this fund to you, or […]

The following information is from FINRA’s website under “Disciplinary Actions, March, 2012:"   Dominick Amadeo Zavaglia Jr. (CRD #5500264, Registered Representative, Miami, 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 six months. The fine must […]

The following information is from FINRA’s website under “Disciplinary Actions, March, 2012:"   Allan Anthony Scheer (CRD #2775825, Registered Principal, Melbourne, Florida)   submitted an Offer of Settlement in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for four months. The fine is to be paid upon […]