Derek Stamos, of Portland, a stockbroker associated with Somerset Securities, Inc., has been named in an enforcement action by the Oregon Department of Consumer and Business Services, Division of Financial Regulation, Department of Enforcement. According to FINRA Public Disclosure, the pending enforcement action alleges that Stamos sold certain “variable annuities and private placements of unregistered…
Andrew Templeton Murdoch, of Portland, Oregon, a stockbroker registered with Somerset Securities Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $150,359.00 in damages based upon allegations that Murdoch made the unsuitable investment recommendation of iCap Equity LLC private placements when Murdoch…
Thomas Burgess Hamlin of Portland, Oregon, a stockbroker registered with Somerset Securities Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $108,000.00 in damages based upon allegations that Hamlin made unsuitable investment recommendations of iCap Equities private placements when Hamlin was…