In a March 12th., 2012, article in InvestmentNews.com, Mark Schoeff, Jr., writes that enforcement actions and fines by the Financial Industry Regulatory Authority Inc. or Finra, jumped sharply in 2011, with the latter rising to $68 million, from $45 million in 2010, a new study shows. The greatest proportion of that figure was penalties for […]

The Soreide Law Group is investigating claims on behalf of investors purchasing UBS Yield Optimization Notes. UBS’ Yield Optimization Notes are also known as reverse convertibles. Reverse convertibles are esoteric structured products based upon the performance of a short put option, or derivative. Reverse convertibles are attractive to investors seeking income because of the above […]

Lars K. Soreide of the Soreide Law Group,  recently won an award of $61,040.00, plus statutory interest from July 11, 2008, amounting to approximately $15,000 in interest payments, and, additionally being reimbursed for all forum fees and costs.   This award stems from the sale of Fannie Mae and Freddie Mac preferred securities by former Wells […]

The following information was obtained on FINRA’s website’s ‘Disciplinary Actions, February 2012.”   Neal Seth Smalbach (CRD #1459854, Registered Principal, Palm Harbor, Florida)   submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity.   Without admitting or denying the allegations, Smalbach consented to the described […]

ATTENTION Tenant-in-Common ("TIC") Investors.   If you have sustained losses in the following Tenant-in-Common ("TIC") investments, call attorney Lars K. Soreide of the Soreide Law Group today at 1 (888) 760-6552 or visit securitieslawyer.com: DBSI Tenant In Common (TIC) Investment TSG Tenant in Common (TIC) Investment Evergreen Tenant in Common (TIC) Investment US Advisors Tenancies […]

In a February 16th., 2012, article in InvestmentNews.com, Jason Kephart writes that John Bogle, founder of The Vanguard Group Inc., believes low-cost, passive indexes are the best way to invest — as long as they're not offered through an exchange-traded fund. “There's no question that ETFs are the greatest trading innovation of the 21st century,” […]

The following information was obtained on FINRA’s website’s ‘Disciplinary Actions, January 2012.”   Andrew James Aragona (CRD #1320844, Registered Representative, Deerfield Beach, Florida)   was named as a respondent in a FINRA complaint alleging that he recommended variable annuity switches to an elderly customer who had a moderate risk tolerance and a primary investment objective […]

In a February 17th., 2012, article for InvestmentNews.com, Bruce Kelly writes that a broker formally affiliated with Morgan Stanley Smith Barney LLC, Berthel Fisher & Co. Financial Services Inc. and LPL Financial LLC was arrested in Oregon this month for allegedly stealing $584,000 from three investors. The now ex-broker, James Scott McKee, was charged Feb. 9 […]

In a February 14th., 2012, article in InvestmentNews.com, Bruce Kelly writes that LPL Financial, LLC, is on the hook for a $1.4 million arbitration awarded to an elderly couple who bought real estate deals. According to the attorney for the plaintiffs, the property investments relied on “tricks” to boost their yields before they collapsed. Heinrich […]