FINRA Suspends Merrill Lynch Securities Broker Rawad Alame For Options Trading FINRA suspended Merrill Lynch securities broker Rawad Roy Alame (CRD#: 5376696, Raleigh, North Carolina) for a period of six months starting on January 4, 2021 and ending on July 3, 2021 to resolve allegations of his private securities transactions. Alame consented to the suspension […]

Stifel Nicolaus Broker Alex Perry Barred By FINRA, Facing Investor Disputes The Financial Industry Regulatory Authority (“FINRA”) barred Matthew Alexander “Alex” Perry (CRD#: 5985300, Columbia, Maryland). This means that he cannot work as a FINRA-member securities broker or otherwise associate with a FINRA-member brokerage firm. This decision is the result of an investigation by FINRA […]

Suitability The Focus Of Allied Millennial Partners Investor's Dispute Involving Broker Matthew Platnico Soreide Law Group comes to you with an update regarding investment disputes involving securities broker Matthew Eric Platnico (CRD#: 2102086, New York, New York). It appears that Platnico worked for Oppenheimer as financial advisor and securities broker. Now, he works for Millennial […]

FINRA Investigating Securities Broker David Melilli (SagePoint, Cambridge Investment Research) Soreide Law Group provides you with important investor-related information in regard to securities broker David John Melilli (CRD#: 5254172, Moorestown, New Jersey). Evidently, Melilli worked for SagePoint Financial from 2010 to 2019, LPL Financial in 2018, and Cambridge Investment Research from 2019 to 2020. Namely, […]

UBS Clients Indicate That Broker Gerard Costello Misrepresented Investments Soreide Law Group is reviewing possible investor claims against securities broker Gerard Costello [CRD#: 1551511, New York, NY]. Apparently, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck shows that at least 3 clients raised serious concerns about the securities broker, who joined UBS Financial Services on November 20, […]

OneAmerica Securities, Inc. (CRD #4173, Indianapolis, Indiana) was censured and fined $75,000 for allegedly failing to make reasonable inquiries or follow-ups on multiple red flags that indicated a registered representative associated with OneAmerica Securities was making unsuitable options recommendations and causing an improper and/or unauthorized transfer of funds to a third party. FINRA's findings stated […]

The Soreide Law Group is currently investigating claims on behalf of Kovack Securities clients who invested in options with Whitney Thatcher in the firm's Henderson, Nevada office. If you have suffered substantial losses due to Mr. Thatcher’s options recommendations, you may have a claim for recovery. Give us a call to discuss your potential claim. […]