FINRA, the Financial Industry Regulatory Authority, filed a Temporary Cease-and-Desist Order (TCDO) on November 5th., 2012, halting further fraudulent sales activities by Michigan-based WR Rice Financial Services and its owner Joel I. Wilson. FINRA also issued a complaint against WR Rice and Wilson charging fraud in the sales of limited partnership interests in entities affiliated […]

The following information was found on FINRA's website's "Disciplinary and Other Actions, November, 2012." Charles Eugene Bishop Jr. (CRD #1621380, Registered Principal, Pompano Beach, Florida) submitted an Offer of Settlement in which he was fined $7,500 and suspended from association with any FINRA member in any capacity for two years. Without admitting or denying the […]

Jane E. O'Brien, 59, of Needham, MA, is facing securities fraud for allegedly bilking her client out of $240,000. O'Brien was working for Merrill Lynch in Boston as a financial advisor at the time. O'Brien allegedly told an elderly woman she was investing her money in thousands of shares of a New Hampshire-based company called […]

A financial planner from Eugene, Oregon, James Scott McKee, was barred from the industry after he failed to comply with an arbitration award. FINRA, the Financial Industry Regulatory Authority, had alleged that McKee steered his clients to invest $372,000 in businesses which he had a financial interest. It also alleged that McKee used $652,215 in […]

Soreide Law Group, PLLC, has launched an investigation into the suspended Idaho broker, Vincenzo (Vince) Covino. Covino was employed at Legacy Wealth Management Group in Boise, and Prospera Financial Services. Covino was with LPL Financial until 2009. Vince Covino was fined and suspended by FINRA for borrowing hundreds of thousands of dollars from a client, […]

Soreide Law Group is currently investigating potential claims for clients who lost money in UBS Willow Fund, LLC. The UBS Willow Fund is a close-ended fixed income mutual fund that launched in 2000, and is managed by UBS Willow Management, L.L.C. The Willow Fund primarily invests in the fixed income markets of the United States. […]

Did you invest in Mountain V Oil and Gas, or Ridgewood Energy Funds I through Z? Typically, investing in an oil and gas deals or limited partnerships can be a speculative venture that may have the risks associated with illiquid investments. When making investments in oil and gas deals or energy limited partnerships, we highly […]

Soreide Law Group is currently investigating these collateralized loan obligations (CLOs): Bryn Mawr CLO II Ltd., and LCM VII Ltd(Lyon Capital Management). Bank of America was the underwriter and sold several CLO’s, including Bryn Mawr and LCM VII. Many of these CLOs resulted in huge losses for the investors. The state of Massachusetts is currently […]

Attorney Lars Soreide, of Soreide Law Group, has filed a FINRA arbitration against Ellen Erenstein, and Investors Capital, for the sale of Tenants In Common (TIC) real estate investments and other high risk private placements. The TIC’S and alternative investments sold to Soreide Law Group’s client that Ms. Erenstein recommended, have not performed well and […]