Author Archives: Staff
Florida Financial Advisor Fined, Suspended for Unauthorized Trading
Steven Michael Roffman (CRD#: 1673527) is a registered FINRA broker. Since 2016, Mr. Roffman has been employed at IFS Securities in Atlanta, Georgia. Prior to that, Mr. Roffman was also associated with several broker-dealers in Florida, including Ameriprise Financial Services, Raymond James & Associates, Morgan Keegan & Company, and North Coast Securities Corporation. In… Read More »
SEC Waives Rule 21F-4(a), Awards $3 Million to Joint Whistleblowers
On June 3rd, 2019, the Securities and Exchange Commission (SEC) issued an Order Determining Whistleblower Award Claim. For assisting in enforcement action, the federal securities regulator awarded a pair of joint whistleblowers $3 million in compensation, to be divided equally between the two parties. Notably, in doing so, the SEC decided to voluntarily waive… Read More »
Former Miami Securities Broker Fined $20,000 and Suspended for Fifteen Months for Acting as Unregistered Financial Advisor
Carlos Ricardo Fuenmayor (CRD#: 4055839) is a previously registered broker and investment advisor. From February 2015 to October of 2016, Mr. Fuenmayor was a representative of Dakota Securities International, Inc. based in a branch office in Miami, Florida. However, Mr. Fuenmayor was associated with Dakota Securities International prior to 2015. In 2017, the Financial… Read More »
Florida Financial Advisor Barred After Refusing to Cooperate With Investigation Into Unauthorized Transactions
Thomas L. Studer (CRD#: 6300308) is a previously registered broker and investment advisor. From May of 2014 to November of 2018, Mr. Studer was employed as a securities representative at Thrivent Investment Management in The Villages, Florida. On May 23rd, 2019, Thomas Studer was expelled from the securities industry after he declined to provide… Read More »
SEC Charges Two Former Woodbridge Directors With Investment Fraud
On April 11th, 2019, the Securities and Exchange Commission (SEC) filed investment fraud charges against two former Woodbridge directors — Ivan Acevedo and Dane R. Roseman. In addition to facing charges from the SEC, both men are also facing criminal charges for their role in perpetuating the company’s massive Ponzi scheme. In a legal… Read More »
Florida Broker Barred After Failure to Cooperate With FINRA Investigation
Mark Andrew Tudor (CRD#: 2842516) is a previously registered securities broker and investment advisor (RIA). From June of 2014 to October of 2018, Mr. Tudor was employed at Raymond James Financial Services in Lake Mary, Florida. Previously, this representative was also associated with Morgan Keegan & Company (Winter Garden, FL) and Wachovia Securities (Orlando,… Read More »
Florida FINRA Arbitration Panel Awards $150,000 to Pair of Investors
On May 3rd, 2019, a FINRA arbitration panel in Tampa, FL awarded a pair of Florida investors $150,000 in compensatory damages (Case Number: 18-02823) after finding a former financial advisor liable for their losses. The respondent in the proceedings was Yosef Y. Fox (CRD#: 2386001), a previously registered securities broker who was barred from… Read More »
Florida Brokerage Firm Suspended from Securities Industry for Failure to Pay Arbitration Award
Crystal Bay Securities Inc. (CRD #142339) is a previously registered brokerage firm. Based in Delray Beach, Florida, Crystal Bay Securities was originally formed in 2006 and was licensed to operate in several U.S. states. In February of 2019, the Financial Industry Regulatory Authority (FINRA) cancelled this broker-dealer’s securities license after it failed to pay… Read More »
Florida FINRA Arbitration Panel Awards Investor More than $500,000 in Financial Relief
On April 15th, 2019, a FINRA arbitration panel in Boca Raton, Florida awarded more than $500,000 in financial compensation to an investor. The decision to do so came after finding that a brokerage firm and a financial advisor were both liable for the claimant’s investment losses. Full details regarding this decision can be found… Read More »
SEC: Florida Man Accused of Insider Trading at SeaWorld
On April 9th, 2019, the Securities and Exchange Commission (SEC) announced insider trading charges against Paul B. Powers, a former associate general counsel at SeaWorld in Orlando, Florida. In a complaint filed in the United States District Court for the Middle District of Florida, the agency alleges that Mr. Bowers accessed non-public financial information… Read More »
