When investors hold large, concentrated stock positions—especially in tech stocks that have seen massive growth—they often look for ways to generate extra income without selling their shares. Frequently, brokers suggest a Covered Call strategy as a "safe" way to earn yield. This approach is often recommended even on an otherwise non-dividend-paying stock. However, at Soreide […]

In an August 8, 2014, SAN ANTONIO EXPRESS NEWS article, Patrick Danner writes about the stock broker Matthew A. Bell, and others, charged with securities fraud. Bell was arrested last month after he, along with six others, were indicted in a $300 million stock manipulation scheme. The Securities and Exchange Commission (SEC) also filed civil […]

Securities Lawyer, Lars Soreide of Soreide Law Group, PLLC, recently announced that he is investigating claims against Linsco Private Ledger (LPL Financial) for investors who have suffered losses by former LPL broker Alberto Neira. The clients of former LPL representative Alberto Neira were solicited to invest in the now defunct Silver Oak Leasing – a […]

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Financial regulators are confronting investor frauds that are giving retirement savers steep losses on complex products that until a few years ago were aimed only at the most sophisticated investors, writes Nathaniel Popper in a New York Times article from Feb. 11, 2013. These victims are among the millions of Americans whose mutual funds and […]

In a FINRA NTM 13-07 posted last Thursday on its website, FINRA asked for comment on an updated proposal that would keep the 5% guideline in place. The action follows complaints about an earlier proposal to eliminate the 5% rule for markups and markdowns. In other words, any FINRA broker/dealer can make up to 5% […]

There are many real estate investors attracted to Tenant-In-Common (TICs) for the purported tax savings through the like kind exchange provisions in the IRS code Section 1031, which allows for the investor a deferral of capital gains. Up until 2013, the capital gains rate was only 15%. Investors need to calculate the net amount of […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2013.” Charles Tuttle Mason aka Chip Mason (CRD #2206257, Registered Principal, St. Pete Beach, Florida) and Darren Duane Gibson (CRD #2311950, Registered Representative,Oceanside, California) were each fined $5,000 and suspended from association with any FINRA member in any capacity for three […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2013.” William Earl Manley (CRD #1177744, Registered Representative, Sarasota, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Manley consented to the described sanction and to the entry of findings that he […]