Soreide Law Group, (888) 760-6552, obtained the following summation of information found on FINRA's website under “Disciplinary and Other FINRA Actions March 2015.” Brian Michael Seifert (CRD #4547658, Rochester, Minnesota) was barred by FINRA for allegedly failing to provide FINRA-requested on-the-record testimony involving an investigation into allegations that he, among other things, forged documents and […]

Andrew James DeVine (CRD #5048058, O’Fallon, Illinois) was barred by FINRA for allegedly misappropriating $739 from clients of his member firm’s insurance affiliate by taking funds intended to pay insurance premiums and instead using the funds for his own personal benefit. (FINRA Case #2013038128101) Andrew James DeVine was registered in the securities industry for 7 […]

James Francis Reid (CRD #2197427 Cypress, Texas) was barred by FINRA for allegedly converting client funds for his own personal use by depositing cash and check insurance premiums, totaling more than $21,000, from clients of his member firm’s insurance affiliate into his personal checking account instead of applying the funds for the clients’ benefit. FINRA's […]

Soreide Law Group, (888) 760-6552, obtained this summation of information from FINRA’s website, in “Disciplinary and Other FINRA Actions, January, 2015.” Rick Dean Bianchi (CRD #2580219, Des Moines, Iowa) was assessed a deferred fine of $5,000 and suspended by FINRA for three months for allegedly creating and providing to his firm a falsified document purporting […]

Alan J. Becker (CRD #4870553, Bedford, New Hampshire) was assessed a deferred fine of $46,045, including the disgorgement of commissions received for $36,045, and was suspended by FINRA for 18 months for allegedly making unsuitable recommendations to six clients in the sales of variable universal life policies (VULs) based on their financial situations. FINRA's findings […]

Frank C. Stewart, 48, of Ramey, Pennsylvania is facing charges of two counts of forgery, theft by unlawful taking, and theft by deception. He’s is accused of stealing $120,000 from an elderly client. Stewart is currently free on $25,000 unsecured bail. Allegedly, Stewart, without authorization, withdrew $120,000 from his 74 year-old client's Sun Life Financial […]

Soreide Law Group, (888) 760-6552, based in Fort Lauderdale, Florida, recently obtained the following summary of information located on FINRA’s website, under “Disciplinary and Other FINRA Actions, July, 2014.” John Frederick Wolle (CRD #5479607, Riviera Beach, Florida) was barred by FINRA for allegedly falsifying and forging a client’s signature on an annuity application without the […]

The Soreide Law Group, (888) 760-6552, has obtained the following summation of information from FINRA’s website listed under “Disciplinary and Other FINRA Actions, April, 2014.” Allen Hugo Reichman (CRD #1002285, Registered Representative, Irvington, New York) was barred by FINRA for failing to appear for FINRA testimony. FINRA's findings stated Reichman’s lawyer said in a phone […]

The Soreide Law Group, (888) 760-6552, obtained the following summation of FINRA's report from FINRA’s website under “Disciplinary and Other FINRA Actions, February, 2014.” Tracy Philander Holloway (CRD #5777595, Registered Representative, Winterville, North Carolina) was barred by FINRA for allegedly opening an insurance agency and filing fraudulent claims under the policies held by his clients. […]