The Soreide Law Group is investigating claims on behalf of Raymond James Financial Services clients that invested in Duoyuan Global Water, with the firm’s financial advisor Bob Pittman in the Melbourne, Florida office. Upon information and belief, clients of Mr. Pittman’s have suffered substantial damages as a result of Mr. Pittman’s recommendation to purchase Duoyuan […]

Recently, certain United States based brokerage firms have been contacting investors located in England, Scotland, Wales, and Ireland, soliciting customers to open accounts at USA based brokerage firms. The Securities Lawyers at Soreide Law Group have recently been receiving a large number of inquires from overseas investors. The UK investors are now looking to initiate […]

The Securities and Exchange Commission (SEC) voted yesterday to allow the issuers of private securities, such as hedge funds, to advertise their offerings and make solicitations to the public writes Dan Jamieson for InvestmentNews.com. This rule change is mandated under the "Jumpstart Our Business Startups Act." Solicitation and advertising of private offerings, which would include […]

The Soreide Law Group, PLLC, is currently investigating claims by investors of the Thompson National Properties 12 Percent Notes Program a/k/a TNP 12 Percent Notes. Thompson National Properties LLC, have suspended interest payments to investors in a private placement sold to raise capital for the firm. Thompson has suspended interest payments on the Thompson National […]

Andrew James Aragona (CRD #1320844, Registered Representative, Deerfield Beach,Florida) was fined $138,500 and suspended from association with any FINRA member in any capacity for one year. These sanctions were based on findings that Aragona recommended unsuitable variable annuity switches to an elderly customer. The FINRA findings stated that Aragona failed to conduct an objective, quantitative […]

ICON Income Fund Ten, LLC, is in the process of liquidation, states Businessweek in a recent article. ICON engages in purchasing and leasing equipment to third parties; provides equipment financing; and acquires ownership rights to leased equipment at lease expiration in the United States and the United Kingdom. This company’s portfolio of equipment comprises container […]

Soreide Law Group is currently investigating claims relating to the sale of stock and debentures in Havoc Energy Drink. HAVOC is owned by American Enterprise Development Corporation (OTC: AEND) and manufactures and distributes the popular HAVOC Energy Drink.   If your stock broker or financial advisor recommended the purchase of AEND call Soreide Law Group for a […]

 Jeffrey Wayne Cimbal (CRD #2028791, Registered Principal, Parkland, Florida)  has been fined $20,000 and suspended from association with any FINRA member in any principal capacity for five months. Without admitting or denying the findings, Cimbal consented to the described sanctions and to the entry of findings that he served as his member firm’s CCO, and for […]

The Securities and Exchange Commission (SEC) charged investment management company OppenheimerFunds Inc. and its sales and distribution division on June 6th., 2012, with making misleading statements about two of its mutual funds  that struggled in the credit crisis in late 2008. The investigation found that Oppenheimer used derivative instruments known as total return swaps (TRS contracts) to […]