Soreide Law Group, PLLC, has launched an investigation into the suspended Idaho broker, Vincenzo (Vince) Covino. Covino was employed at Legacy Wealth Management Group in Boise, and Prospera Financial Services. Covino was with LPL Financial until 2009. Vince Covino was fined and suspended by FINRA for borrowing hundreds of thousands of dollars from a client, […]

Soreide Law Group is currently investigating potential claims for clients who lost money in UBS Willow Fund, LLC. The UBS Willow Fund is a close-ended fixed income mutual fund that launched in 2000, and is managed by UBS Willow Management, L.L.C. The Willow Fund primarily invests in the fixed income markets of the United States. […]

Did you invest in Mountain V Oil and Gas, or Ridgewood Energy Funds I through Z? Typically, investing in an oil and gas deals or limited partnerships can be a speculative venture that may have the risks associated with illiquid investments. When making investments in oil and gas deals or energy limited partnerships, we highly […]

Attorney Lars Soreide, of Soreide Law Group, has filed a FINRA arbitration against Ellen Erenstein, and Investors Capital, for the sale of Tenants In Common (TIC) real estate investments and other high risk private placements. The TIC’S and alternative investments sold to Soreide Law Group’s client that Ms. Erenstein recommended, have not performed well and […]

Currently, the Soreide Law Group is investigating the sales and marketing of Bluerock Real Estate's private placement offering of BR Senior Secured Debenture Trust, LLC. According to the description, "The Trust is a wholly-owned subsidiary of Bluerock Real Estate, LLC (“Bluerock”). Bluerock is a national real estate investment firm headquartered in Manhattan, focused on acquiring, […]

Soreide Law Group, PLLC, is currently investigating the marketing and sales of non-traditional exchange traded funds (ETFs) to investors. Many of the country's leading banks – including Citigroup, Morgan Stanley, UBS and Wells Fargo – were recently sanctioned by the Financial Industry Regulatory Authority (FINRA) for more than $9.1 million over their failure to supervise […]

Do security futures, a high risk investment, have a place in your investment portfolio? Depending on your risk tolerance, a key component of financial planning, and your understanding of security futures contracts, writes Adriana Reyneri, in an October article from "Millionare Corner." “Security futures involve a high degree of risk and are not suitable for […]

Levinski Dealexis Barnes (CRD #2292179, Registered Representative, Lutz, Florida) has been named a respondent in a FINRA complaint alleging that he discussed with a customer an investment in an accounting business that Barnes and other individuals were contemplating purchasing. The FINRA complaint alleges that Barnes told the customer that if the offer for the business […]

FINRA publishes a quarterly review to provide firms with a sampling of recent disciplinary actions involving misconduct by registered representatives. The sample includes settled matters and decisions in litigated cases (National Adjudicatory Council (NAC) decisions and SEC decisions in FINRA cases). These summaries call attention to, and remind registered representatives and member firms of, specific […]