Recent Blog Posts
FINRA Arbitration Panel In Florida Holds Financial Advisor Liable For Breach Of Fiduciary Duty
Kevin M. McNeil (CRD#: 4166684) is a previously registered securities broker. Mr. McNeil has previously been associated with several brokerage firms in South Florida, including SW Financial (2019 to 2020), Dawson James Securities (2018 to 2019), Westpark Capital, INC (2016 to 2018), and Newport Coast Securities, INC (2015 to 2016). On June 23rd, 2022,… Read More »
FINRA Arbitration Award: $390,000 In Compensatory Damages For Broker Negligence
On June 10th, 2022, a FINRA Arbitration panel at a hearing site in Boca Raton, FL awarded a claimant $390,000 in compensatory damages (Case Number: 19-02212). The respondent in the case was the nationally-known brokerage firm J.P. Morgan Securities, LLC. The claim was filed after an investment strategy touted by the broker-dealer reportedly went… Read More »
SEC Charges Executive Of Florida Company In Multi-Year Accounting Fraud Scheme
On June 2nd, 2022, the Securities and Exchange Commission (SEC) issued a litigation update in the case of the Securities and Exchange Commission v. Anthony Sirotka. The former CAO and President of a company called FTE Networks, Inc, Mr. Sirotka is facing accounting fraud charges. Two other former executives at the company have already… Read More »
Florida Brokerage Firm Facing Complaint For Material Misrepresentations
Fusion Analytics Securities LLC (CRD#: 124245/SEC#: 8-65649) is a previously registered brokerage firm. The broker-dealer was headquartered in Coral Springs, Florida. In March of 2022, its registration was terminated. On April 8th, 2022, FINRA’s Department of Enforcement filed a complaint against Fusion Analytics Securities LLC alleging that the firm willfully violated Section 10(b) of… Read More »
Broker Fined And Suspended For Seven Months For False & Misleading Statements
Gregory Antonius Lewis (CRD #2793976) is an actively registered securities broker. The Financial Industry Regulatory Authority (FINRA) indicates that this financial advisor is from St. Petersburg, FL. Since June of 2013, Mr. Lewis has been registered as a representative of Stockkings Capital LLC. Previously, he was associated with Caldwell International Securities and John Thomas… Read More »
Florida Broker Fined, Suspended For Improper Private Securities Transaction
Andrew Benjamin Edenbaum (CRD #3040543) is a previously registered investment adviser (RIA). Mr. Edenbaum was most recently associated with Oppenheimer & CO (2002 to 2018), National Securities Corporation (2018 to 2020), and A.G.P/Alliance Global Partners (2020 to 2022). At all three firms, this broker was based at office locations in South Florida. Earlier this… Read More »
SEC Halts Cryptocurrency Mining And Trading Scheme In South Florida
On May 6th, 2022, the Securities and Exchange Commission (SEC) announced securities fraud charges against a number of parties as part of a cryptocurrency mining and trade scheme, including: MCC International Corp. (MCC), doing business as Mining Capital Coin Corp.; MCC co-founder Luiz Carlos Capuci, Jr.; MCC co-founder Emerson Souza Pires; and Other entities,… Read More »
SEC Charges Two Florida Executives In Alleged Special Needs Trust Fraud Scheme
On May 2nd, 2022, the Securities and Exchange Commission (SEC) announced securities fraud charges against two executives of Synergy Settlement Services, Inc: CEO Jason D. Lazarus, Esq of Orlando and President Anthony F. Prieto, Jr. of Tampa Bay. The two Florida corporate executives stand accused of defrauding individuals with special needs. Here, our Miami… Read More »
FINRA Arbitration Panel In Florida Holds Broker Liable For $62,000 In Investor Damages
Karl Ronald Foust (CRD#: 1010291) is a previously registered broker and previously registered investment adviser (RIA). Mr. Foust was most recently associated with H.D. Vest Investment Services at a branch office in Boca Raton, Florida (2009 to 2014). On April 19th, 2022, a FINRA Arbitration panel in Florida held Mr. Foust liable for $62,000… Read More »
Litigation Update: SEC Charges Two In South Florida With Acting As Unregistered Brokers
On April 14th, 2022, the Securities and Exchange Commission (SEC) announced securities fraud charges against two Southeast Florida men who allegedly acted as unregistered brokers. Joseph Salvatore DeVito and Dean Anthony Esposito—both of Boca Raton, FL—stand accused of acting as unregistered brokers and soliciting investments in unregistered securities offerings. In this article, our Miami… Read More »
