Tag Archives: Boca Raton Stockbroker Fraud Lawyer
SEC Sanctions Broker Who Defrauded Investors in Real Estate Company
Many people rely on family and friends for investment advice. While there is nothing wrong with this, it is important to always do your own homework before trusting someone else—even someone you think you know—with your money. Securities fraud schemes often rely on misplaced trust by inexperienced investors. For example, the U.S. Securities and… Read More »
Feds Say Ex-Stockbroker Used Fictitious CD Sales to Buy Florida Condo
On July 1, the U.S. Securities and Exchange Commission and the U.S. Attorney’s Office in Philadelphia filed civil and criminal charges, respectively, against Malcolm Segal, a former stockbroker accused of running a Ponzi scheme. These actions come after a November 2014 order by the Financial Industry Regulatory Authority which permanently barred Segal from working… Read More »
Investment Adviser Admits It Failed to Stop Ex-President from Stealing Client Funds
Investment advisers and other professionals who handle investor funds have a legal duty to ensure their employees and agents do not misappropriate those funds for personal use. An investment adviser registered with the U.S. Securities and Exchange Commission must “adopt and implement written policies and procedures reasonably designed to prevent” violations of federal securities… Read More »
How Do I Get My Money Back?
Investment fraud is sadly commonplace. Every year people fall victim to Ponzi schemes, insider trading, corporate misconduct, “boiler rooms,” and other types of securities fraud. If you are the customer at the losing end of such scams, your first question will be, “Can I get my money back?” The answer is often not so… Read More »
SEC Charges Broker with Making False Sales of Facebook, Twitter Shares
Many investors hope to strike it big by investing in a hot initial public offering (IPO). But high demand for an IPO can also open the door for unscrupulous brokers to take advantage of investors. Recently the U.S. Securities and Exchange Commission filed a civil lawsuit against a California stockbroker accused of falsely promising… Read More »
FINRA Criticized for Being Lenient on Financial Brokers
On May 29, 2014, one of five Commissioners of the Securities and Exchange Commission gave a speech to FINRA’s Division of Market Regulation. While the SEC is the final government regulator of the country’s securities industry, FINRA—or the Financial Industry Regulatory Authority—is a key player in U.S. markets. FINRA is not itself a government… Read More »
Federal Agencies Focus on South Florida Securities Fraud
In December 2010, several federal government agencies began cooperating with each other to combat securities fraud. Known as the “Southern District of Florida Securities and Investment Fraud Initiative,” or just “the Initiative,” this effort has had tremendous success in the last three-and-a-half years. Recently, the Initiative reported that eighty-five defendants have been charged since… Read More »
FINRA Alerts Investors to Ebola Stock Scammers
Media outlets throughout the world continue to report on the tragic Ebola outbreak still ravaging West Africa. As recently reported, over 1,200 people have been killed since the virus began rapidly spreading in December 2013—and almost twice that number have been sickened. The virus itself does not appear to be directly affecting the United… Read More »
Top 10 Investor and Small Business Threats
The North American Securities Administrators Association (“NASAA”)—of which Florida’s Office of Financial Regulation is a member—is an organization made up of state securities regulation agencies. It endeavors to root out financial and securities fraud. And every year, the NASAA releases a helpful top 10 list of the “financial products and practices that threaten to… Read More »
