Soreide Law Group is currently investigating the sale of shares in Club 50, Inc., through a private placement offering by various FINRA registered broker dealers. Club 50 Inc., is located at 360 South Center Street, Suite 500, Reno, Nevada 89501. If your broker/dealer sold you this private placement, offering it to you as a “safe” […]

On the SEC's website they write that under the Securities Act of 1933, any offer to sell securities must be registered with the SEC or meet an exemption. Regulation D (or Reg D) contains three rules providing exemptions from the registration requirements. While companies using a Reg D exemption do not have to register their […]

On the website of the Financial Industry Regulatory Authority (FINRA), it was announced August 23, 2012, that FINRA fined Rodman & Renshaw LLC $315,000 for supervisory and other violations relating to the interaction between the firm's research and investment banking functions. Rodman's former CCO, William A. Iommi Sr., was fined $15,000, suspended from acting in […]

Recently, InvestmentNews.com did an analysis of eight of the largest nontraded real estate investment trusts (REITs). They found that these REITs have lost $11.3 billion, or 37% of their equity value, over the past seven years. On August 14th., CNL Lifestyle Properties Inc., which initially raised $2.7 billion at $10 a share, became the latest […]

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 […]

Andrew James Aragona (CRD #1320844, Registered Representative, Deerfield Beach,Florida) was fined $138,500 and suspended from association with any FINRA member in any capacity for one year. These sanctions were based on findings that Aragona recommended unsuitable variable annuity switches to an elderly customer. The FINRA findings stated that Aragona failed to conduct an objective, quantitative […]

Soreide Law Group is currently investigating 'TNP 12 Percent Notes Program LLC' issued by Thompson National Properties, LLC. Recently the interest payments to investors have been suspended in the TNP 12 Percent Notes Program LLC issued by Thompson National Properties LLC. The TNP 12 Percent Notes were sold by 22 independent broker-dealers. The minimum investment […]