Soreide Law Group is currently representing investors against Meyers Associates, a small New York firm which unfortunately, is known for having many of their registered representatives with negative marks on their employment records. These negative marks or "disclosure events" often show up in FINRA's BrokerCheck, which is a database available to the public located on […]

The Public Investors Arbitration Bar Association, also known as PIABA, studied arbitration cases in which the word "expungement" appeared. They found that since mid-May 2009 through the end of 2011 -- expungement relief was granted in nearly every instance: 96.9% of cases. PIABA found, for example, one broker who requested expungement 40 times, and arbitration […]

The Public Investors Arbitration Bar Association, also known as PIABA, studied arbitration cases in which the word "expungement" appeared. They found that since mid-May 2009 through the end of 2011 -- expungement relief was granted in nearly every instance: 96.9% of cases. PIABA found, for example, one broker who requested expungement 40 times, and arbitration […]

The following informative and clever list, comes from interviews by Michelle Crouch of several financial consultants. They share some of the secrets of their trade. "1. Certified financial planners and NAPFA-registered financial advisers take a pledge to put their clients' interests ahead of their own, but traditional stockbrokers aren't held to the same standard, even […]

In an article, Feb. 7, 2013, in the New York Post, it was reported that (broker-dealer owner), Anastasios “Tommy” Belesis' firm, John Thomas Financial, is being investigated by the FBI, the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority Inc. (FINRA). Mr. Belesis has made many media appearances on cable business/financial shows. […]

The Financial Industry Regulatory Authority Inc., also known as FINRA, is proposing a new rule that would allow investors to access information about a financial advisor’s business and disciplinary history directly from the firm’s web page. FINRA filed a regulatory notice in the Jan. 25 edition of the Federal Register. FINRA said the rule would […]

Moshar v. Wells Fargo, FINRA ID # 11-00556 (Los Angeles, CA, 1/9/2013) A couple was recently awarded $1,333,300 in compensatory damages through a FINRA arbitration. The claimants charged Wells Fargo with the following: breach of fiduciary duty, breach of written contract, fraud by misrepresentation and omission, failure to supervise and control, and violation of federal […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2013.” Steven Jay Oshinsky (CRD #2339197, Registered Principal, Boca Raton, Florida) was suspended from association with any FINRA member in any capacity for one year. Without admitting or denying FINRA's allegations, Oshinsky consented to the described sanction and to the entry […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2013.” John Boyd Dexter (CRD #1354376, Registered Principal, North Miami, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Dexter consented to the described sanction and to the entry of findings that […]