David Leonard Potter (CRD #2991638, St. Petersburg, Florida) was assessed a deferred fine of $15,000 and suspended by FINRA for five months for allegedly participating in a private offering before his member firm approved the offering and after the firm requested that he cease participation. FINRA's findings stated that Potter failed to file the offering […]

Soreide Law Group is investigating claims involving ICON leasing investments. The ICON leasing investments are illiquid and speculative investments that pay brokerage firms above average commissions for selling the investment to unsuspecting investors. Investors seeking income have suffered substantial losses of principal and income as ICON struggles to sell its used equipment to new purchasers. […]

Soreide Law Group is investigating claims involving ICON leasing investments. The ICON leasing investments are illiquid and speculative investments that pay brokerage firms above average commissions for selling the investment to unsuspecting investors. Investors seeking income have suffered substantial losses of principal and income as ICON struggles to sell its used equipment to new purchasers. […]

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013.” Gary Mitchell Spitz (CRD #1828144, Registered Principal, Fairfield, Iowa) was fined $5,000 and suspended from association with any FINRA member in any principal capacity for one year. Without admitting or […]

Soreide Law Group is investigating claims on behalf of investors that purchased the Insight Real Estate LLC debenture. The Insight private placement was a highly illiquid investment that should have been sold to extremely aggressive, accredited investors. Pursuant to NASD Notice to Members 03-71, firms selling Insight were mandated to: (1) Perform due diligence to […]

The following is a summary of information that appeared on FINRA's website: Arete Wealth Management, LLC (CRD #44856, Schaumburg, Illinois) was censured and fined $25,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it approved a private offering to customers and failed to […]