Enrique Roy (CRD #5339904, Registered Representative, Miami Beach, Florida)  has been barred from association with any FINRA member in any capacity. This FINRA sanction was based on their findings that Enrique Roy failed to respond to requests from FINRA for information about an outside brokerage account at a member firm he had opened on a customer’s […]

Alison Marie Janke (CRD #4409155, Registered Representative, Port Richey, Florida) was fined $7,500 and suspended from association with any FINRA member in any capacity for six months. Without admitting or denying the findings, Janke consented to the described sanctions. According to FINRA's findings, she borrowed $100,000 from a customer which was based upon a personal […]

 Jeffrey Wayne Cimbal (CRD #2028791, Registered Principal, Parkland, Florida)  has been fined $20,000 and suspended from association with any FINRA member in any principal capacity for five months. Without admitting or denying the findings, Cimbal consented to the described sanctions and to the entry of findings that he served as his member firm’s CCO, and for […]

  Corey Lamar Battey (CRD #4123425, Registered Representative, Clermont, Florida) was fined $5,000 and has ben suspended from association with any FINRA member in any capacity for six months. This fine will be due and payable if and when Battey re-enters the securities industry. These sanctions were based on FINRA's findings that Battey failed to respond to […]

The Securities and Exchange Commission (SEC) charged investment management company OppenheimerFunds Inc. and its sales and distribution division on June 6th., 2012, with making misleading statements about two of its mutual funds  that struggled in the credit crisis in late 2008. The investigation found that Oppenheimer used derivative instruments known as total return swaps (TRS contracts) to […]

Soreide Law Group, PLLC, is currently investigating IMH Secured Loan Fund sold by broker Randy Albers for possible claims. IMH Financial Corporation is a real estate finance company operating in the southwest United States. The company, formerly known as IMH Secured Loan Fund, LLC, focuses on the acquisition and origination of mortgage loans, mezzanine loans, other debt […]

In May, a FINRA arbitration panel fined Brookstone Securities Inc., $1 million over the sale of risky CMOs (collateralized mortgage obligations) and said they made “fraudulent misrepresentation and omissions of material fact in selling complex, esoteric and risky tranches of [fusion_builder_container hundred_percent="yes" overflow="visible"][fusion_builder_row][fusion_builder_column type="1_1" background_position="left top" background_color="" border_size="" border_color="" border_style="solid" spacing="yes" background_image="" background_repeat="no-repeat" padding="" margin_top="0px" margin_bottom="0px" […]

The municipal bond market is nowhere near as bad as it was few years ago. That doesn't mean the muni market is free of risks and challenges for financial advisers building bond portfolios for clients writes Jeff Benjamin in a May, 2012, article from InvestmentNews.com. George Friedlander, managing director and chief municipal strategist with Citi Investment […]

Soreide Law Group, PLLC, and Securities Attorney Lars K. Soreide, are investigating James J. Albright, Jr., and Sagepoint Financial, Inc., previously known as AIG Financial Advisers, of Manitowoc, Wisconsin. The alleged claims are based on Albright’s recommendations to his clients to purchase unsuitable, risky and illiquid non-traded real estate investment trusts (“REITs”). Due to the result of Albright’s alleged sales practices, his […]