Soreide Law Group's  Instablog

Soreide Law Group
Send Message
Soreide Law Group, PLLC, is a securities litigation firm that is committed to helping victims recover financial losses due to fraudulent or negligent conduct on behalf of stock brokers or financial advisors. We are able to represent investors nationwide in the handling of their securities... More
My company:
Soreide Law Group PLLC
My blog:
Securities Lawyer Blog
  • Former Merrill Lynch Boston Financial Advisor, Jane E. O'Brien, Facing Securities Fraud 0 comments
    Nov 26, 2012 2:36 PM

    Jane E. O'Brien, 59, of Needham, MA, is facing securities fraud for allegedly bilking her client out of $240,000. O'Brien was working for Merrill Lynch in Boston as a financial advisor at the time. O'Brien allegedly told an elderly woman she was investing her money in thousands of shares of a New Hampshire-based company called A.C. Corp. When actually O'Brien was using her client's money to pay off her own mortgage and settle her legal fees involving a dispute with another client, according to charges filed November 18th., 2012, by federal prosecutors.

    This alleged scheme began in 2009, when O'Brien had her client sign a bogus promissory note for $500,000. The client began making payments on the note in late November 2009, prosecutors said. She wrote the checks to a man O'Brien said was an employee at A.C. Corp., but was in reality O'Brien's husband, the filing said. The husband has not been named and has since separated from O'Brien, according to the filing.

    It was reported that after the checks were paid to O'Brien's husband, he then wrote her checks from the account where the money had been deposited. O'Brien then wired money to her mortgage company to pay her mortgage. Other payments made were used for payment to a law firm representing O'Brien in another dispute with a former client.

    Securities Lawyer, Lars Soreide, of Soreide Law Group, has begun an investigation into this matter. If you have invested with Jane E. O'Brien, formerly of Merrill Lynch in Boston, call and speak at no charge to a securities attorney who may potentially help you recover your losses. Call 888-760-6552, or visit

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To Soreide Law Group's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.