Investors might have sustained losses due to securities broker Alan Duane Douglass (also known as Roof Douglass) [CRD: 1619835, Clearwater, Florida], based on publicly available information Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Douglass worked for Investacorp Inc. from March 7, 1995, to July 17, 2020; for Securities America Inc. from July 17, 2020, to […]

Financial Industry Regulatory Authority (FINRA) BrokerCheck shows disclosures about securities broker / financial advisor Bradley William Werner [CRD: 2329211, Porter, Indiana]. Evidently, Bradley Werner worked as financial advisor for Securities America Advisors Inc. from October 19, 2017, to December 21, 2023. He also worked as securities broker for Securities America Inc. during the same period. […]

Investors have come forward with complaints about securities broker David Kimbler (CRD: 1132791, Ferndale, Washington). Evidently, the securities broker, who worked for Securities America Inc., discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Securities America Inc. clients allege that Kimbler withdrew client funds without authorization and engaged in unauthorized trading. For more […]

Soreide Law Group is investigating possible investor claims against securities broker Wayne Ribnick (also known as Wayne Stuart Ribnick) [CRD: 2682822, Malibu, CA]. Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck disclosed that investors complained about the securities broker, who worked for Securities America Inc. Notably, investors allege sales practice violations in these disputes, including that […]

Soreide Law Group is investigating possible investor claims against securities broker Sanjay Bhargava [CRD: 4495397, La Vista, Nebraska]. Notably, Maryland sanctioned the securities broker, who worked for Regulus Financial Group LLC. Here is a brief summary of Maryland’s allegations against Bhargava. Maryland Sanctions Regulus Financial Group LLC Securities Broker For Prior Regulatory Enforcement Action Particularly, […]

MICHAEL BASTARDI Barred By FINRA (INVESTOR ALERT!) The Financial Industry Regulatory Authority (“FINRA”) announced that it barred Securities America, Inc. securities broker Michael Bastardi (CRD#: 6015424, Warwick, NY). Evidently, in a Letter of Acceptance, Waiver, and Consent (“AWC”) #: 2018059770401 which Bastardi submitted on May 10, 2019, and FINRA accepted on May 24, 2019, Bastardi […]

The Soreide Law Group has obtained the following summary of information from FINRA’s website, “Disciplinary and Other FINRA Actions, January, 2015.” James Mark McLaughlin (CRD #1925099, Westover, Alabama) was barred by FINRA for allegedly excessively trading in clients’ accounts. FINRA's findings stated that McLaughlin recommended unsuitable short-term trading of A-share mutual funds in clients’ accounts, […]

William Galvin, the secretary of the Commonwealth of Massachusetts, today announced settlements with five leading independent broker/dealers to make $8.6 million in restitution to investors and pay fines totaling $975,000 for the sales of nontraded real estate investment trusts (REITs). These five firms are: Ameriprise Financial Services Inc., with $2.6 million in restitution and a […]

The following appeared on FINRA's website under, "“Disciplinary and Other FINRA Actions, September, 2012.” Andrew Glen Rosenberg (CRD #2944124, Registered Principal, Weston, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for three months. Without admitting or denying […]