Fort Lauderdale-based Soreide Law Group, (888) 760-6552, obtained the following summation of information from FINRA’s website, under “Disciplinary and Other FINRA Actions, June, 2014.”
Shondeep Sajan Balchandani (CRD #5165930, West Palm Beach, Florida)
was barred by FINRA for allegedly churning and excessively trading, engaging in unauthorized trading in non¬discretionary customer accounts, and recommending unsuitable investments to his customers.
FINRA's findings stated that Balchandani traded without the customers knowledge, authorization, or consent. The excessive trading was inconsistent with the customers’ investment objectives, and allegedly Balchandani's intention was for the purpose of generating commissions for himself and his firm. Balchandani did not consider his customers’ interests.
FINRA also found that Balchandani recommended purchases and sales to his customers were not suitable for their financial situation and needs.
(FINRA Case #2011027667402)
Shondeep Sajan Balchandani was previously registered with the following securities firm(s):
NSM SECURITIES, INC. (CRD# 134357) - WEST PALM BEACH, FL
03/2007 - 10/2011
AURA FINANCIAL SERVICES, INC. (CRD# 42822) - MIAMI, FL
08/2006 - 04/2007
This summation of information on FINRA's website ends here.
If you had financial losses due to the recommendation of your broker/financial advisor call Fort Lauderdale based Soreide Law Group for a free consultation with an attorney at: (888) 760-6552.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com