Author Archives: Staff
Final Decision Entered In FINRA Disciplinary Case, Miami Broker Fined And Suspended
Jorge Antonio Netto (CRD #2432661) is a registered broker and previously registered investment adviser (RIA). Since April of 2017, Mr. Netto has been registered as a securities representative with Boreal Capital Securities in Miami, Florida. Previously, the broker has also been associated with other South Florida firms, including Northeast Securities and Colony Park Financial… Read More »
SEC Charges South Florida Venture Capital Company In A $3 Million Securities Fraud Case
On September 13th, 2022, the Securities and Exchange Commission (SEC) released an update on securities fraud charges against five people and an investment entity believed to be part of a South Florida-based securities fraud scheme. Charges were filed against: Neil B. Swartz (principal); Timothy S. Hart (principal); Ted L. Romeo (sales agent); Vincent J…. Read More »
Four Investment Entities Charged In Relation To $2.6 Million Securities Fraud Scheme In Florida
On September 1st, 2022, the Securities and Exchange Commission (SEC) announced securities fraud charges against four different investment entities: Archer Capital Management Group; Archer Growth Fund; HDR Management LLC; and Silvermoon Group LLC. In this blog post, our Miami financial advisor fraud lawyer puts together a detailed overview of the latest information contained in… Read More »
SEC Amends Whistleblower Rules—Seeks To Encourage More Whistleblower Tips
In 2010, the United States Congress created the SEC whistleblower program as part of the Dodd-Frank Act. Through the whistleblower program, securities industry insiders and others with relevant information can receive a financial reward for voluntarily coming forward and reporting information to regulators that leads to successful enforcement action in a securities fraud case…. Read More »
Florida Brokerage Firm Censured, Fined For Failure To Establish And Implement Property Supervisory System
Kovack Securities Inc. (CRD#: 44848/SEC#: 8-50847) is a Fort Lauderdale headquartered brokerage firm that is licensed to operate in 53 U.S. states and territories. On August 23rd, 2022, the Financial Industry Regulatory Authority (FINRA) announced a censure and a significant civil fine against Kovack Securities Inc. for its failure to put a proper supervisory… Read More »
Florida Broker Fined And Suspended For Unsuitable Investment Recommendations
Phil Donahue (CRD#: 1206346) is a licensed securities broker and registered investment adviser (RIA). Currently, Mr. Donahue serves as a registered representative for Primerica Advisors and PFS Investment Inc. in Panama City Beach, Florida. On August 10th, 2022, the Financial Industry Regulatory Authority (FINRA) fined and suspended Mr. Donahue for violation of FINRA Rule… Read More »
SEC Awards $16 Million To Two Whistleblowers
On August 9th, 2022, the Securities and Exchange Commission (SEC) announced two more whistleblower awards to individuals who provided critical information to help bring a stop to investment fraud. These two whistleblower awards are related to the same underlying matter. The SEC has now awarded more than $1.3 billion in financial compensation to 281… Read More »
SEC Charges Broker And Registered Representative In Complex Unsuitable Investments Case
On July 29th, 2022, the Securities and Exchange Commission (SEC) released a litigation update in the matter of Aegis Capital Corp (CRD#: 15007/SEC#: 801-71386, 8-31616). The federal agency has charged the company’s former managing director Alan Z. Appelbaum (CRD#: 500336) as well as former registered representative Paul F. Gallivan (CRD#: 5793918) in relation to… Read More »
Florida Health Insurance CEO Charged With Investment Fraud
On July 20th, 2022, the Securities and Exchange Commission (SEC) announced investment fraud charges against Health Insurance Innovations (HII) and its former Chief Executive Officer (CEO) Gavin Southwell. A Florida resident, Mr. Southwell served as the health insurance carrier’s CEO from November of 2016 through April of 2021. In this blog post, our Miami… Read More »
SEC Issues Three Whistleblower Awards (More Than $23 Million In Compensation In Total)
The Securities and Exchange Commission (SEC) has recently issued three more whistleblower awards. With the latest award, the federal agency has now granted more than $1.3 billion in financial compensation to 278 individuals through the SEC whistleblower program. In this article, our Miami investment fraud attorney discusses the most recent awards. SEC Whistleblower Awards:… Read More »
