Recent Blog Posts
South Florida Financial Advisor Fined, Suspended For Unauthorized Trading
Alan Scot Feigenbaum (CRD#: 3132230) is a previously registered broker and previously registered investment advisor (RIA). Most recently, Mr. Feigenbaum served as a securities representative for Newbridge Securities Corporation in Boynton Beach, Florida (04/02/2019 – 05/07/2021). Prior to that, he was also associated with National Securities Corporation and Prime Capital Services. Recently, the Financial… Read More »
Two Florida Men Among Five Indicted In ‘Pump And Dump’ Securities Fraud Scheme
On February 17th, 2022, the United States Department of Justice (DOJ) announced that five men, including two from Florida, have been indicted on federal securities fraud charges for their role in an ‘pump and dump’ investment fraud scheme. The DOJ contends that they unlawfully manipulated the price of a health care industry stock. In… Read More »
FINRA Arbitration Panel In Florida Holds UBS Financial Services Liable For More Than $1.7 Million In Investor Losses
On February 2nd, 2022, the FINRA arbitration panel in Boca Raton, Florida issued a decision in a securities fraud dispute—awarding more than $1.7 million in damages to three interconnected investment entities (Case Number: 20-00459). The respondent in the case was UBS Financial Services Inc. (CRD#: 8174/SEC#: 801-7163,8-16267), the Swiss-based multinational investment bank that is… Read More »
FINRA Bars West Palm Beach Broker For Failure To Cooperate With Investigation Into Misconduct
Caroline Mohan (CRD #2429577) is a previously registered broker and investment adviser. From July of 2017 to March of 2021, Ms. Mohan was associated with LPL Financial LLC, working at a branch office location in West Palm Beach. She was also previously a representative for two other broker-dealers in Florida (Invest Financial Corp and… Read More »
Florida Broker Barred For Allegedly Converting Customer Funds
Joshua David Nicholas (CRD#: 6529944) is a previously registered broker and previously registered investment adviser (RIA). In the first half of 2020, Mr. Nicholas served as a representative for Merrill Lynch at a branch office in Stuart, Florida. In July of 2020, this broker was separated from his employment at Merrill Lynch following allegations… Read More »
Financial Advisor In Florida Charged With Stealing Nearly $6 Million From Client
On January 21st, 2022, the Securities and Exchange Commission (SEC) announced formal charges against German Nino (CRD#: 2653707). A previously registered securities broker and investment adviser (RIA), Mr. Nino stands accused of stealing nearly $6 million from a client. In this article, our Miami financial advisor fraud lawyer discusses the SEC’s complaint in more… Read More »
SEC Grants More Than $40 Million In Compensation To Four Whistleblowers
On January 21st, 2022, the Securities and Exchange Commission (SEC) announced that the federal government has granted $40 million in financial compensation to four different whistleblowers. The whistleblower awards were paid as part of three separate actions by the SEC. Through the SEC’s confidential whistleblower program, the federal government has now granted a total… Read More »
Three Florida Residents Charged With Investment Fraud
On January 6th, 2022, the Securities and Exchange Commission (SEC) announced investment fraud charges against three Florida residents. According to the federal regulator, the three individuals improperly and unlawfully manipulated the market through insider trading. They made more than $4 million in collective gains through three separate insider trading schemes. In this blog post,… Read More »
South Florida Man Charged WIth Operating Fraudulent Private Investment Fund
On January 14th, 2022, the Securities and Exchange Commission (SEC) announced charges against Anthony M. Cottone—a Delray Beach, Florida man accused of owning and operating a fraudulent private investment fund. The SEC contends that the unregistered South Florida investment advisor misappropriated approximately $134,000 in investor funds. In this blog post, our Miami private placement… Read More »
DOJ: Florida Man Sentenced For Securities Fraud In West Virginia
On December 3rd, 2021, the Department of Justice (DOJ) formally announced that Phillip W. Conley of Jacksonville, Florida has been sentenced to 87 months in prison for his role in perpetrating a securities fraud scheme. In total, federal authorities allege that Mr. Conley defrauded churches and people in West Virginia out of nearly $5… Read More »
