Recent Blog Posts
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 »
SEC Litigation Update: Securities Fraud Charges Filed Against Four Unregistered Brokers Who Sold Sky Securities In Florida
On July 13th, 2022, the Securities and Exchange Commission (SEC) published a litigation update in the case against four unregistered brokers in South Florida who improperly sold securities in Sky Group USA, LLC. Sky Group USA is a payday loan business with a main headquarters in Miami, FL. The individuals charged by the SEC… Read More »
UBS Will Pay $25 Million To Settle Yield Enhancement Strategy (YES Strategy) Fraud Charges
On June 29th, 2022, the Securities and Exchange Commission (SEC) announced that UBS Financial Services Inc., the multinational investment banking company and brokerage firm, will pay around $25 million to settle investment fraud charges related to its Yield Enhancement Strategy (YES Strategy). Here, our Miami unsuitable investment losses lawyer discusses the settlement and Yield… Read More »
Florida FINRA Arbitration Panel Finds Charles Schwab & Co., Inc. Responsible For Robo-Advisor Error
On June 23rd, 2022 a FINRA arbitration panel in Palm Beach County, Florida awarded a claimant $79,249.93 in compensatory damages (Case Number: 20-02414). The respondent in the case was Charles Schwab & Co., Inc. (CRD#: 5393/SEC#: 801-29938,8-16514), the national broker-dealer and investment advisory firm with a main office in San Francisco, California. Here, our… Read More »
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 »
