Recent Blog Posts
SEC Litigation Release: Florida Jury Broker-Dealer Liable In Securities Fraud Case
On July 30th, 2021, the Securities and Exchange Commission (SEC) announced that a Florida jury found Spartan Securities Group, LTD., another firm, and two individuals legally liable in a securities fraud case (Litigation Release No. 25156). The court will not be tasked with determining the appropriate sanctions/penalties. In this blog post, our Miami investment… Read More »
Miami Beach, FL Broker Barred For Failure To Cooperate Into Investigation Into Private Securities Transactions
Candido Jose Viyella (CRD #1829255) is a formerly registered securities broker and financial professional. From June of 2009 through December of 2020, Mr. Viyella was a registered representative of Morgan Stanley in Miami, Florida. In May of 2021, this broker was barred from the securities industry after declining to cooperate with a FINRA inquiry… Read More »
Fort Lauderdale Broker Barred By FINRA
Michael Joseph Dellaporta Jr. (CRD#: 500214) is a formerly registered securities broker and investment adviser. From August of 2015 to August of 2018, Mr, Dellaporta Jr. was a representative of Fusion Analytics Securities LLC in Coral Springs, Florida. After that, he spent a year working as a broker for B.B. Graham & Company Inc…. Read More »
Florida Broker Barred For Refusal To Cooperate With FINRA Investigation Into Alleged Senior Investment Fraud
Ronald J. Giovino Jr. (CRD#: 2236071) is a previously licensed and registered securities broker. From March of 2003 through July of 2021, Mr. Giovino Jr. was a representative for GWN Securities Inc. in Clearwater, Florida. Previously, he was associated with Legend Equities Corporation. On July 8th, 2021, Ronald J. Giovino Jr. was barred from… Read More »
SEC Awards More Than $1 Million To Whistleblower Who Helped Stop Securities Fraud
On June 24th, 2021, the Securities and Exchange Commission (SEC) announced a whistleblower award in excess of $1 million. It is the 179th award that has been granted in the history of the SEC’s whistleblower program. The agency has now given out more than $930 million in financial compensation to securities industry insiders and… Read More »
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 »
