Tracy Turner, a registered representative from San Marcos, California, formerly with Colorado Financial Service Corporation, was barred from FINRA membership as a result of an investigation into his participation in a private securities investment transaction without obtaining his firm’s prior approval, which is a violation of FINRA rules. Turner entered…
The Woodbridge Group of Companies filed for bankruptcy in December, 2017 after the Securities and Exchange Commission opened an investigation against them for, among other things, selling unregistered securities. As a result of these two proceedings, Woodbridge Group’s assets have been frozen, and investors face a long delay before they…
Todd Seeholzer a representative for Allegis Investment Services in Logan, Utah recommended a risky options strategy that caused substantial losses on August 21, 2015. We presently represent several clients who were solicited by Todd Seeholzer to open accounts with Allegis Investment Services. The securities attorneys at The Law Office of…
Goldfield Oil Goldfield McKenzie 7 Drilling Fund sued in Clark County District Court. The securities attorneys at The Law Office of David Liebrader have opened an investigation into the securities related conduct of the Las Vegas based company Goldfield Oil Goldfield Mckenzie 7 Drilling Fund. The underlying matter concerns the…
Woodbridge Mortgage Investment Fund of Sherman Oaks, California has been the subject of several regulatory actions concerning allegations that the firm used unlicensed individuals to sell unregistered securities. On November 1, 2017 the SEC initiated a proceeding to obtain information from Woodbridge Mortgage Investment Fund of Sherman Oaks, California seeking…
Financial West Investment Group fined over private placement escrow accounts. In June 2017, the Financial Industry Regulatory Authority (FINRA) announced that Financial West Investment Group of Westlake, California, submitted an acceptance, waiver and consent letter, or AWC, regarding its participation in private placement offerings without the use of an escrow…
Coastal Equities fined $15,000. In June 2017, the Financial Industry Regulatory Authority (FINRA) announced that Coastal Equities Inc. of Wilmington, Delaware, submitted an acceptance, waiver and consent letter, or AWC, regarding its failure to supervise firm sales of non-traditional ETFs, or exchange-traded funds. The firm was censured and fined $15,000.…
Tom Brenner, a registered representative from Orrville, Ohio, formerly with First American Securities, Inc., was barred from FINRA membership as a result of an investigation into his connection to selling private investment offerings. Brenner entered into an acceptance, waiver and consent agreement with FINRA, in which he neither admitted nor…
Roy Woehrman, a registered representative from Oceanside, California, with LPL Financial LLC, was censured and fined by FINRA as a result of an investigation into his sharing of commissions with an unregistered affiliate. Woehrman entered into an acceptance waiver and consent agreement with FINRA, in which he neither admitted nor…
Kim Dee Isaacson, a registered representative from Farmington, Utah, formerly with Ameriprise Financial Services, Inc., was barred from FINRA membership as a result of an investigation into his providing false and misleading information to a customer about his investment account, which is a violation of FINRA rules. Isaacson entered into…