Soreide Law Group obtained the following information on FINRA’s website from the May 2018 Disciplinary Report.  Frank Bazan (CRD #5593113, Houston, Texas) was assessed a deferred fine of $20,000 and suspended from association with any FINRA member in all capacities for seven months for allegedly failing to disclose to his member firm that he was […]

Stuart Anthony Cahill (CRD #2556996, Dallas, Pennsylvania) was assessed a deferred fine of $10,000 and suspended by FINRA member in any capacity for one year for allegedly borrowing a total of $65,000 from two clients of his firm, contrary to the firm’s WSPs prohibiting borrowing money from customers. FINRA's findings stated that Cahill failed to […]

A FINRA arbitration panel ordered Wells Fargo & Co.'s (WFC) retail brokerage unit to pay retired real-estate broker, Philip Lovell, $1.8 million for losses tied to investments in soda and pharmaceutical companies. Lovell accused Wells Fargo Advisors and Wells Fargo broker, John Bulkley Meacham, of having him invest his money in thinly traded securities that […]

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013.” Philip Pursino (CRD #3212554, Registered Representative, West Hempstead, New York) was fined $5,000 and suspended from association with any FINRA member in any capacity for two months. Without admitting or […]