A Soreide Law Group, based in Pompano Beach, Florida, obtained the following information from FINRA’s June 2017 Disciplinary Report on South Florida firm:  Legend Equities Corporation (CRD #30999, Palm Beach Gardens, Florida) was censured and required to provide FINRA with a plan to remediate eligible clients who qualified for, but did not receive, the applicable […]

The Pompano Beach, Florida-based Soreide Law Group, obtained the following information from FINRA's website listed under, "Disciplinary and Other FINRA Actions, March 2016." Jeffrey L. Davidson (CRD #1352867, Stuart, Florida) was fined $10,000 and suspended by FINRA for three months for allegedly recommending unsuitable mutual fund switch transactions in customer accounts. FINRA's findings stated that […]

Soreide Law Group, (888) 760-6552, obtained the following summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2014.” Denise Ellen Roy Malin (CRD #3145027, Registered Principal, Grottoes, Virginia) was barred from association with any FINRA member in any capacity. Malin's customer opened variable annuity accounts and a mutual fund brokerage account […]

FINRA announced Thursday that Bank of America Merrill Lynch was fined $2.8 million  for supervisory lapses that led to its overcharging customers $32 million for the past eight years. According to the Financial Industry Regulatory Authority Inc. (FINRA) and the Bank of America Corp., Merrill Lynch has repaid 95,000 customers who were charged unwarranted fees due to computer coding issues […]

The following appeared on FINRA's website in 'Disciplinary Actions, October, 2011.' TD Ameritrade, Inc. (CRD #7870, Bellevue, Nebraska)  submitted a Letter of AcceptanceWaiver and Consent in which the firm was censured and fined $100,000 by FINRA. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings […]