Soreide Law Group is investigating possible investor claims against John Park (also known as John Clifford Park) (CRD: 5864589, Sioux Falls, SD). Notably, SEC sanctioned the securities broker, who worked for FBL Marketing Services LLC. Allegedly, Park committed forgery. Here is a brief summary of SEC’s allegations against Park. However, please note that Park denies […]

The following summation of information was found on FINRA's website under "Disciplinary and Other FINRA Actions, January, 2014." Thomas Paul O’Connor (CRD #5699014, Registered Representative, Boston, Massachusetts) was fined $10,000 and suspended by FINRA for 12 months. Allegedly O’Connor forged his client's signature on documents relating to buying insurance policies, a fixed life policy and […]

Edward H. Kahler, 64, the owner of Key Resources, a Kenmore, Washington, retirement consultation company which sells annuities and life insurance, was arrested on September 30th., 2013, for suspicion of a federal mail fraud charge, according to U.S. Attorney Jenny A. Durkan. Kahler is accused of liquidating the account of a deceased client without authorization. […]

FINRA lists the following on their website under “Disciplinary and Other FINRA Actions, September, 2013.” Stephen Yarkpazuo Jensen (CRD #4400624, Registered Representative, Redford, Michigan) was barred from association with any FINRA member in any capacity. Jensen misappropriated a client’s funds without her knowledge by taking loans totaling $12,500 against her insurance policy and forging her […]

This information appeared on FINRA’s website under “Disciplinary and Other Actions, August, 2013.” Giles Anthony Hoagland (CRD #4160185, Registered Representative, Peru, Indiana) was barred from association with any FINRA member in any capacity. This sanction was based on findings that Hoagland began using his client’s monthly insurance premiums to pay his own personal expenses. Giles […]

John Herman Fick (CRD #4197483, Registered Representative, Fuquay-Varina, North Carolina) was fined $5,000 and suspended from association with any FINRA member in any capacity for 18 months. This fine must be paid either upon Fick’s reassociation with a FINRA member firm after his suspension, or before the filing of any application or request for relief from any statutory […]

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The following article was posted on FINRA's website: WASHINGTON — It was announced that The Securities and Exchange Commission's (SEC) Office of Investor Education and Advocacy and the Financial Industry Regulatory Authority (FINRA) have issued an investor alert called Structured Notes with Principal Protection: Note the Terms of Your Investment to educate investors about the risks […]