The Soreide Law Group is investigating claims on behalf of Raymond James Financial Services clients that invested in Duoyuan Global Water, with the firm’s financial advisor Bob Pittman in the Melbourne, Florida office. Upon information and belief, clients of Mr. Pittman’s have suffered substantial damages as a result of Mr. Pittman’s recommendation to purchase Duoyuan […]

Merrill Lynch has agreed this week to pay a $400,000 fine in a 'fund-churning' case brought by the Financial Industry Regulatory Authority Inc. (FINRA). Merrill will also pay $139,718 in restitution to the customers involved. Allegedly Merrill failed to supervise it's former broker David Bredenburg, who worked in the Towson, Md. office. FINRA claimed Merrill […]

In a California appeals court ruling that makes it easier for brokers to expunge customer complaints and disciplinary actions from their records, many feel it could have far-reaching implications for brokers everywhere, writes Dan Jamieson in an August 31st. article from InvestmentNews.com. In an Aug. 23, 2012, decision, the California Court of Appeal for the […]

Soreide Law Group is currently investigating claims by investors of ICON Leasing Fund Eleven, LLC. ICON Leasing Fund Eleven purchases, and leases equipment to third parties in the United States, Canada, and Europe. It also provides financing. This fund was founded in 2004. As with any private placement, investments in ICON Leasing Fund Eleven involve […]

The Securities and Exchange Commission (SEC) voted yesterday to allow the issuers of private securities, such as hedge funds, to advertise their offerings and make solicitations to the public writes Dan Jamieson for InvestmentNews.com. This rule change is mandated under the "Jumpstart Our Business Startups Act." Solicitation and advertising of private offerings, which would include […]

Valerie Helen Silverstein (CRD #1413711, Registered Representative, Coconut Creek, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying FINRA's findings, Silverstein consented to the described sanction and to the entry of findings that she had a pre-existing relationship with an individual when he became a customer of her […]

Alejandro C. Rotundo (CRD #4627887, Registered Representative, Miami, Florida) was fined $5,000 and suspended from association with any FINRA member in any capacity for 30 business days. Without admitting or denying FINRA's findings, Rotundo consented to the described sanctions and to the entry of findings that he executed option trades in a customer’s account without […]

William Thomas Johnson Jr. (CRD #1189117, Registered Representative, North Palm Beach, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Johnson consented to the described sanction and to the entry of findings that he received approximately $47,000 from a customer after Johnson made the representation, which […]

Marcelo Ivan Jacir (CRD #4860487, Registered Representative, Weston, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Jacir consented to the described sanction and to the entry of findings that he directed two individuals, one of whom was a customer of his member firm, to deposit […]