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 […]

Soeide Law Group is currently investigating broker, Bambi I. Holzer, CRD #1088028. Ms. Holzer is currently a registered representative with Newport Coast Securities of Beverly Hills, CA. There have allegedly been numerous (over 50) reports filed against her in her 25+ year career, and over $11 million in awards and settlements. Several of these complaints […]

The Financial Industry Regulatory Authority (FINRA), and the SEC’s Office of Investor Education and Advocacy,have issued a new Investor Alert called Year-End Investment Considerations for Individual Investors. This new alert provides individual investors with a few suggestions for year-end investment planning as the year draws to a close. “The end of the year is a […]

The following are statistics compiled by FINRA, the Financial Industry Regulatory Authority, posted recently to their website. The statistics show that investor complaints are down while disciplinary action is at a 5 year high. Investor Complaints Received by FINRA In 2007 there were 4,552 complaints received by FINRA. However, in 2011 there were 2,979 down […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2012.” Ellen Joyce Erenstein (CRD #3244253, Registered Representative, Boynton Beach, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Erenstein consented to the described sanction and to the entry of findings that […]

FINRA, the Financial Industry Regulatory Authority, plan to warn parties in its arbitration hearings against using electronic devices to secretly record and transmit the proceedings writes Dan Jamieson in a recent article in InvestmentNews.com. This warning began by complaints from the Securities Experts' Roundtable Inc., a group of expert witnesses, about several instances of “electronic […]

FINRA, the Financial Industry Regulatory Authority announced that it has added features to BrokerCheck to help users more easily access broker-dealer and investment adviser information. Many of the changes implemented by FINRA address recommendations made in a January, 2011. study by the Securities and Exchange Commission (SEC) reported FINRA in an article on their website. […]