Soreide Law Group has filed a FINRA arbitration on behalf of their clients (Claimants) against:  AMERITAS INVESTMENT CORP. (Respondent)  The Claimants are a retired, married couple who allegedly relied upon AMERITAS INVESTMENT CORP. and its former financial advisor, Michael Arteca. The lawsuit states that Arteca had sold the Claimants an annuity with a guaranteed income benefit. […]

Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against NATIONAL SECURITIES CORPORATION (Respondent). The Claimants, a married couple, have suffered losses due to the alleged mishandling the Claimants’ assets by the Respondent by failing to properly allocate and diversify the Claimants’ investment portfolios by over concentration their holdings into […]

Soreide Law Group is investigating claims on behalf of investors regarding financial advisor, AUSTIN RICHARD DUTTON JR (CRD #2739167), formerly of Newbridge Securities Corporation (based in Boca Raton, Florida).  Allegedly, Austin Dutton Jr.  recommended unsuitable non-traded real estate investment trusts (REITs) to clients. The lawyers representing retired Philadelphia police and firefighters plan to file additional […]

Soreide Law Group obtained the following information from the January, 2018 FINRA Disciplinary Report: Bruce A. Lefavi Securities, Inc. (CRD #10684, Salt Lake City, Utah)  was censured and fined $25,000 for allegedly preparing four retail communications and distributing them to numerous clients containing content that pertained to Real Estate Investment Trusts (REITs) and/or Business Development […]

Soreide Law Group is currently investigating on behalf our clients, Capital Financial Services of The Woodlands, Texas, broker: MARK RAYMOND SITTER CRD#: 1810591 Soreide Law Group has been contacted by several clients from Texas who invested in high-risk Real Estate Investment Trusts or REITs through broker, Mark Sitter. These REITs were including, but not limited […]

American Realty Capital Properties (ACRP), a real estate investment trust(REIT), is currently facing claims by several of their investors. Among the claims, many investors are saying ACRP fraudulently inflated their performance figures. Among the complaints filed is a lawsuit filed by two Ohio public pension funds, the New York City retirement system, and the Teachers […]

A REIT, Real Estate Investment Trust, is a company that owns, finances, and in the majority of cases, operates income-producing real estate. They can be publically traded, private, or public but not listed. The two main types of REITs are 1) Mortgage REITs which deal in investment and ownership of property mortgages. The revenue is […]

Charles B. Davis, a former broker with Transamerica Financial Advisors Inc., was ordered by the Financial Industry Regulatory Authority Inc. (FINRA) arbitration panel to pay a former client $250,000 in punitive damages. The punitive damages ordered by FINRA against Charles B. Davis, sends a message to brokers/financial advisers that they will be fined heavily for […]

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 […]