Author Archives: Staff
SEC Obtains Asset Freeze Against Miami-Based Investment Adviser
On June 17th, 2021, the Securities and Exchange Commission (SEC) announced that it obtained an asset freeze and filed fraud charges against a Miami-based investment advisor. Charges were filed against: Ramiro Jose Sugrane (CRD#: 1660839); UCB Financial Advisers Inc.; and UCB Financial Services Limited. The federal securities regulator alleges that Mr. Sugrane engaged in… Read More »
SEC Charges South Florida Unregistered Investment Adviser With Securities Fraud; Preliminary Settlement Reached
On June 11th, 2021, the Securities and Exchange Commission (SEC) announced the filing of investment fraud charges against Edgar M. Radjabli, an unregistered investment adviser based in Boca Raton, Florida. According to the federal agency, Mr. Radjabli engaged in three separate fraud schemes. Here, our Miami investment fraud lawyers discuss the allegations raised in… Read More »
Miami Beach Broker Fined And Suspended By FINRA
Scott Richard Reynolds (CRD #2705340) is a previously registered FINRA broker. From February of 2005 to March of 2019, Mr. Reynolds was a representative for Spartan Securities Group LTD. in Miami Beach. Subsequent to his time there, he also worked at Avatar Securities, LLC in New York. On March 27th, 2019, Spartan Securities discharged… Read More »
LPL Financial Broker Barred For Undisclosed Private Securities Transactions
John Edgar Simmons Jr (CRD#: 4878890) is listed by FINRA as a previously registered broker and previously registered investment adviser or RIA. From August of 2011 to September of 2015, Mr. Simmons Jr. worked at Investors Capital Corp. in Pensacola, FL. Subsequently, he served as a representative of LPL Financial LLC in Santa Rosa… Read More »
Southeast Florida Broker Barred For Declining To Cooperate With Investigation Into Alleged Outside Business Activities
Nedjeen Baptiste (CRD#: 6308317) is a previously registered securities broker. From May of 2015 through July of 2020, Ms. Baptiste was a representative of J.P. Morgan Securities LLC in Lantana, Florida. In March, the Financial Industry Regulatory Authority (FINRA) barred financial advisor Nedjeen Baptiste for failing to produce documents and information requested as part… Read More »
SEC Awards More Than $55 Million To Whistleblowers Across Several Enforcement Actions
Within the last few weeks, the Securities and Exchange Commission (SEC) has awarded tens of millions in financial compensation to several whistleblowers. Under federal law, the securities regulator can grant a financial award valued at between 10 percent and 30 percent of the ultimate recovery when it brings successful enforcement action based on the… Read More »
FINRA Files Misconduct Complaint Against Florida Securities Broker/Investment Advisor
Recently, the Financial Industry Regulatory Authority (FINRA) filed a complaint against Clyde Anthony Jensen (CRD#: 5658476) a broker and investment advisor who is currently associated with TD Private Client Wealth LLC in Tampa, Florida. Previously, he served as an associate for a number of different firms, including Ameriprise Financial Services in Fort Myers. The… Read More »
South Florida Broker Fined And Suspended For Unsuitable Investment Advice
Charles Bonilla (CRD #2572107) is a formerly registered broker and investment adviser. From December of 2015 to May of 2018, Mr. Bonilla was a securities representative of David Lerner Associates in Boca Raton, Florida. Subsequently, Mr. Bonilla worked for Pruco Securities in Boca Raton until February of 2019. Earlier this year, the Financial Industry… Read More »
Fund Manager With Ties To Miami, FL Charged In Multi-Million Dollar Securities Fraud Case
On April 23rd, 2021, the Securities and Exchange Commission (SEC) announced the filing of civil securities fraud charges against Andrew T. Franzone, a fund manager who has ties to Miami-Dade County, Florida. Mr. Franzone allegedly took in more than $38 million from at least 90 different investors in Florida, New York, and throughout the… Read More »
SEC Charges Former Miami, FL Registered Representative As Part Of $16 Million Oil-And-Gas Offering Fraud Scheme
On April 14th, 2021, the Securities and Exchange Commission (SEC) announced securities fraud charges against seven individuals. Among those charged is Mark Ross, a 53-year-old resident of Miami, Florida. Mr. Ross is a previously registered securities broker. He held a license from 1985 to 2007. At that time, he was sanctioned by FINRA and,… Read More »
