Broker Joe Hede Charged By SEC In Connection With Sham Belize Fund Investments Investor Alert! The United States Securities and Exchange Commission charged securities broker Minish Joe Hede (CRD: 2389098, New York, New York) with violating securities laws on what the Commission claims to be a sham investment in Belize Fund. Not only that, but […]

INVESTOR ALERT: FINRA Bars Floyd Powell For Selling Fraudulent Investments Floyd Earl Powell (CRD#: 2220029, Albertville, Alabama) is a prior MML investors Services, LLC and MSI Financial Services registered representative who the Financial Industry Regulatory Authority (“FINRA”) barred for selling unregistered investments away from the firm. Specifically, FINRA barred Powell pursuant to a Letter of […]

MICHAEL J. FREW (CRD# 812805) San Francisco, has been permanently barred by FINRA for allegedly accepting loans from his clients and/or converting clients funds. Frew has not cooperated completely with FINRA in their investigation. Michael Frew was also permanently barred from the securities industry in the State of California. Michael J. Frew was employed by […]

Soreide Law Group, (888) 760-6552, has obtained the following summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2014.” Jinesh Pravin Brahmbhatt (CRD #2491299, Registered Representative, Potomac, Maryland) was barred from association with any FINRA member in any capacity. Brahmbhatt failed to appear and testify at a disciplinary proceeding regarding a […]

The Securities and Exchange Commission, SEC, has filed a civil injunctive in the United States District Court for the District of Colorado against Brian G. Elrod, on September 9, 2013, for allegedly conducting a fraudulent offering of promissory notes which Nova D. Pack acted as an unregistered broker. Elrod and Pack reside in Buffalo Creek, […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. Adoris Sheldon Turner II (CRD #4804592, Registered Representative, Dallas, Texas) was fined $10,000 and suspended from association with any FINRA member in any capacity for two years. Without […]

The following information appeared on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013.” David Darrell Anthony (CRD #4671195, Registered Representative, Mobile, Alabama) was fined $7,500 and suspended from association with any FINRA member in any capacity for six months. Without admitting or denying the allegations, Anthony consented to the described sanctions and to […]

The investors of RMC Medstone Capital V Notes (RMC Medstone), received a Notice of Default in September, 2011, informing them that their investment in this company was now worthless. Investors in these promissory notes allege they were sold these notes as 'low risk' and would be a 'safe' product in their otherwise conservative portfolio. These alleged representations […]

Jeffrey Rachlin (CRD #823547, Registered Principal, Pleasantville, New York)   has submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000, suspended from association with any FINRA member in any capacity for 30 business days, and suspended from association with any FINRA member in any principal capacity for 18 months. The […]