In a November 16th., 2011, Sun-Sentinnel article, Donna Gehrke-White writes that a Ft. Lauderdale brokerage was fined $20,000, a Plantation broker was suspended for two years and a Coral Springs man was barred from working with any brokerage, according to November's report on disciplinary action taken by FINRA, the private regulatory agency that oversee securities companies. Newbridge […]

 In a November 15th., 2011, Bloomberg Businessweek article they write that a unit of JPMorgan Chase & Co. was ordered to reimburse investment customers more than $1.9 million and was fined $1.7 million over how it sold unit investment trusts and floating-rate loan funds. FINRA, the Financial Industry Regulatory Authority announced the settlement on Tuesday after […]

Raymond James & Associates, Inc. (CRD #705, St. Petersburg, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $15,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to transmit ROEs ( Return On Equity […]

Brookstone Securities, Inc. (CRD® #13366, Lakeland, Florida), David William Locy (CRD #4682865, Registered Principal, Overland Park, Kansas), Mark Mather Mercier (CRD #1884246, Registered Principal, Lutz, Florida) and Antony Lee Turbeville (CRD #1721014, Registered Principal, Lakeland, Florida) submitted Offers of Settlement in which the firm was censured and fined $200,000; Locy was fined $10,000 and suspended […]

In an article for InvestmentNews.com, November 9th., 2011, Mark Schoeff Jr. writes that the Securities and Exchange Commission (SEC) engaged in an unprecedented crackdown on investment advisers over the last year, contributing to an overall surge in agency enforcement. The SEC announced that it filed 146 enforcement actions against investment advisers and investment companies during the […]

Soreide Law Group, PLLC, has announced it's investigation into the Goldman Sachs Global Alpha Fund which was recently closed.  According a New York Times article, Global Alpha was started in 1995 with just $10 million. Over time the results soared. At its peak in 2007, Global Alpha ran about $12 billion, although that number had dwindled to about […]

The following appeared on FINRA's website in 'Disciplinary Actions, October, 2011.' TD Ameritrade, Inc. (CRD #7870, Bellevue, Nebraska)  submitted a Letter of AcceptanceWaiver and Consent in which the firm was censured and fined $100,000 by FINRA. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings […]

In a Bloomberg News article from October 25, 2011, we learn that UBS AG, Switzerland’s largest bank, will pay $12 million to resolve Financial Industry Regulatory Authority claims that a brokerage unit allowed millions of short-sale orders to be placed without reasonable grounds to believe that the securities could be delivered. The article points out […]

If you invested in IMH Secured Loan Fund, LLC, then you may have the right to recover money from the brokerage firm responsible for supervising your sales agent/broker.  You must act quickly due to the statutes of limitation. Soreide Law Group, PLLC, wants you to know that you may be able to recover losses that you have […]