One or more investors possibly experienced losses because of securities broker Duane Scott Pellman [CRD: 2426979, New Bern, North Carolina], according to public information found on FINRA BrokerCheck. Evidently, Pellman worked for Excel Wealth Management LLC from February 2019 to March 2023, and later joined Tactive Advisors LLC in March 2024, while also operating his […]

Soreide Law Group obtained the following information on FINRA’s website, which is available to the public, in the October 2017 Disciplinary Report on the following firm: FSC Securities Corporation (CRD #7461, Atlanta, Georgia) was censured, fined $100,000, and ordered to pay $492,485.33 in restitution to clients by FINRA for allegedly executing approximately 6,500 purchases of […]

Soreide Law Group obtained the following information from FINRA’s Disciplinary Report from July 2017: Edward Thomas McFarlane (CRD #2492335, Glenside, Pennsylvania) was fined $5,000 and suspended by FINRA for two months for allegedly recommending and effecting unsuitable transactions involving inverse, leveraged, and inverse-leveraged exchange-traded funds (non-traditional ETFs) in clients’ accounts. FINRA’s findings stated that the […]

Did your broker/financial advisor recommend this high-risk leveraged ETF for your otherwise conservative or moderate portfolio? ProShares Ultra VIX Short-Term Futures (UVXY) 52 week range:  32.02 – 664 This investment seeks daily results that match (before fees and expenses) two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index. The index […]

On February 24th., 2014, the Financial Industry Regulatory Authority, also known as FINRA announced that it fined Berthel Fisher & Company Financial Services, Inc. and its affiliate, Securities Management & Research, Inc., of Marion, Iowa. The fine totaled $775,000 for supervisory deficiencies. This fine included Berthel Fisher's failure to supervise the non-traded real estate investment […]

On January 9th., 2014, the Financial Industry Regulatory Authority (FINRA) ordered two St. Louis-based broker/dealers, Stifel, Nicolaus & Company, Incorporated and Century Securities Associates, Inc., to pay fines of $550,000 and $475,000 in restitution to 65 customers in connection with sales of leveraged and inverse exchange traded funds (ETFs). Stifel and Century are affiliates and […]

Soreide Law Group is investigating claims on behalf of investors who sustained substantial losses in energy market ETFs. Our firm is focusing on claims involving such products as the ProShares Ultra Oil and Gas Fund (DIG), and the Direxion Energy Bull 3X (ERX). Leveraged ETFs are highly speculative investments that should not be held for […]

Soreide Law Group is investigating claims on behalf of investors who sustained substantial losses in energy market ETFs. Our firm is focusing on claims involving such products as the ProShares Ultra Oil and Gas Fund (DIG), and the Direxion Energy Bull 3X (ERX). Leveraged ETFs are highly speculative investments that should not be held for […]