FINRA Fines Broker $1.8mill in Sale of ETFs
Nicholas Rowe and his firm, Focus Capital Wealth Management, Inc. of Bedford, New Hampshire, were found liable in a case [...]
DID YOU PURCHASE THESE REITS?
Last week LPL Financial Holdings agreed to pay $2.5 million in fines and restitution for improperly supervising brokers who sold [...]
FBI, SEC and FINRA Investigating Tommy Belesis’ Firm, John Thomas Financial
In an article, Feb. 7, 2013, in the New York Post, it was reported that (broker-dealer owner), Anastasios “Tommy” Belesis' [...]
ATTENTION UBS BOND INVESTORS
Those investors who believed they had constructed a “conservative” portfolio by being heavily invested in bonds could be reclassified as [...]
FINRA Wants to Change Public Arbitrator Qualifications
The Financial Industry Regulatory Authority Inc., also known as FINRA, is proposing to tighten its definition of “public” arbitrator. FINRA [...]
Reverse Convertibles Investors Linked to Apple Common Stock–Got Burned
Reverse convertibles, are often called "trigger notes," "phoenixes," or "auto-callables." These structured products promised high yields of 6% to 12% [...]
Did You Invest in UBS Willow Fund?
Soreide Law Group is currently investigation the UBS Willow Fund. This distressed debt hedge fund was formed in 2000. In [...]
Sarasota, FL, Rep Barred by FINRA
The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2013.” William Earl Manley (CRD #1177744, [...]
Did You Invest With Beverly Hills Broker Bambi Holzer?
Soeide Law Group is currently investigating broker, Bambi I. Holzer, CRD #1088028. Ms. Holzer is currently a registered representative with [...]
FINRA Fines Total Over $68 Million in 2012
FINRA, the Financial Industry Regulatory Authority levied a total of $68 million in civil fines during 2012, according to statistics [...]
Did You Invest in Wells Timberland REIT?
Soreide Law Group is currently investigating the Wells Timberland REIT for the investors who suffered financial losses. FINRA, the Financial [...]
New FINRA Rule 5123 Regarding the Sale of Private Placements Became Effective December 3, 2012
In an effort to protect investors over the sale of private placements, the new Financial Industry Regulatory Authority (FINRA), Rule [...]
Reps Fined and Suspended by FINRA
The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, December, 2012.” Shari Robin Frimer (CRD #2503895, [...]
FINRA Statistics Regarding Disciplinary Actions
The following are statistics compiled by FINRA, the Financial Industry Regulatory Authority, posted recently to their website. The statistics show [...]
Roman Sledziejowki Defrauded Fellow Poles $4 mill
FINRA, the Financial Industry Regulatory Authority, alleges Roman Sledziejowski, the Polish president and owner of TWS Financial, LLC, in Brooklyn, [...]
FINRA Warns Against Electronic Devices At Arbitration Hearings
FINRA, the Financial Industry Regulatory Authority, plan to warn parties in its arbitration hearings against using electronic devices to secretly [...]
FINRA Paying Attention to Brokerage Conflicts Involving Complex Products
In a recent Reuters article, they write that FINRA, or The Financial Industry Regulatory Authority, is examining major brokerages regarding [...]
FINRA Taking Aim at Nontraded REITs
Broker-dealers' falling short in due diligence when selling complex, illiquid products has been a focus of FINRA examinations and fines [...]
Lars Soreide, of Soreide Law Group, Wins $158,000 Award for Clients from Harvest Capital, LLC, for the Sale of Fictitious Notes from their Former Registered Representative, Gregg Rennie
FINRA Case Number 11-01278, awards $158,250.00 to the defrauded Claimants for the alleged supervisory failures of Harvest Capital, LLC, of [...]
FINRA Wants Brokers Records More Accessible to Investors
The Financial Industry Regulatory Authority also known as FINRA, is hoping to make information about brokers more accessible to the [...]