Jeffrey Scott Donner (CRD #2631248, Registered Principal, Weston, Florida)   was named as a respondent in a FINRA complaint alleging that he executed transactions in the accounts of customers at his member firm without their prior knowledge, authorization or consent.   This complaint alleges that Donner exercised discretion in a customer’s account and effected securities transactions […]

Mark Alan Weber (CRD #2322177, Registered Representative, Palm City, Florida)   submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 10 business days.   Without admitting or denying the findings, Weber consented to the described sanctions and to […]

Carlos Francisco Otalvaro (CRD #2294420, Registered Principal, Coral Gables, Florida)   was fined $15,000, suspended from association with any FINRA member in any capacity for one year, and barred from association with any FINRA member in any principal capacity. This fine shall be due and payable upon Otalvaro’s return to the securities industry.   These […]

  Brookstone Securities, Inc. (CRD #13366, Lakeland, Florida)   submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $15,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to disclose and to timely disclose material […]

The following article was found on FINRA's website: Tradespot Markets Inc. (CRD #29683, Davie, Florida) and Mark Bedros Beloyan (CRD #1392748, Registered Principal, Davie, Florida) submitted an Offer of Settlement in which the firm was censured and fined $25,000, and Beloyan was suspended from association with any FINRA member in any capacity for one month […]

The following article appeared on Ambac Financial Group, Inc.'s website. NEW YORK--Ambac Financial Group, Inc. (NYSE:ABK) today announced the closing of 6.15% $400 million Directly-Issued Subordinated Capital Securities (DISCS(SM)). The DISCs were sold at a discount to par to yield 6.199%. The article goes on to say that Ambac will use all of the net proceeds […]

It was announced that a federal court decision in Pennsylvania has given a win for life settlement investors, deflating carriers' argument that it is permissible for an insured person to apply for a life settlement with the express intent to sell it to a third party, writes Darla Mercado in an InvestmenNews.com article from October 12, 2011. […]

Recently warnings from the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) siting the dangers of leverged ETFs and inverse ETFs (exchange-traded funds). These funds are extremely complex products that carry a great deal of risk. Soreide Law Group, PLLC, has launched an investigation into these funds. It is noted that ETFs are […]

It was announced that the Securities and Exchange Commission (SEC) issued a Wells notice to UBS regarding secondary market trading of closed-end funds sold in Puerto Rico in 2008 and 2009.  USB sold $2.9 billion in bonds in 2008. UBS was a former financial adviser to Puerto Rico's Employees Retirement System that provides pensions for […]