NEXT Financial Group, Inc. (CRD #46214, Houston, Texas) was censured, fined $265,000 and ordered to pay $177,071.01, plus interest, in restitution to customers for allegedly purchasing agency securities for its own account from a customer or sold agency securities for its own account to a customer in the course of its business at an unfair […]

The Florida-based Soreide Law Group obtained this summation of information from FINRA's Website "Disciplinary and Other FINRA Actions February 2015." NEWBRIDGE SECURITIES CORPORATION (CRD #104065, Ft. Lauderdale, Florida) was censured, fined $138,000 and required to revise its WSPs for allegedly selling (buying) corporate bonds to (from) customers, and failed to sell (buy) such bonds at […]

FINRA, the Financial Industry Regulatory Authority, recently fined four firms for violations of municipal securities rules. The four firms and fines included: 1. Edward D. Jones & Co. with $160,000, FINRA alleged that, in 87 transactions between Oct. 1 and Dec. 31 2008, St. Louis-based Edward Jones sold securities for the firm’s own account at […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. StockCross Financial Services, Inc. (CRD #6670, Beverly Hills, California) censured, fined $20,000 and required to pay $6,781.40, plus interest, in restitution to customers. Without admitting or denying the […]

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, July, 2013.” Bishop, Rosen & Co., Inc. (CRD #1248, New York, New York) was censured, fined $32,500, ordered to pay $7,613.14, plus interest, in restitution to customers, and required to revise its […]