Recent Blog Posts
FINRA Bars Southwest Florida Broker for Failure to Cooperate into Investigation into Alleged Conversion of Funds
Keith M. Curtis (CRD #4798755) is a previously registered investment advisor. From March of 2010 to June of 2015, Mr. Curtis was a representative of JHS Capital Advisors in Sarasota, Florida. From June of 2015 through January of 2022, he was a representative of Aegis Capital Corp. in Tampa. FINRA barred this broker from… Read More »
J.P. Morgan Will Pay $18 Million to Resolve Securities Industry Whistleblower Violations
On January 16th, 2024, the Securities and Exchange Commission (SEC) announced that J.P. Morgan—the large New York-based investment bank—has reached a settlement with the agency to pay $18 million to resolve violations of whistleblower regulations. Here, our Florida SEC whistleblower lawyer discusses the case and the law in more detail. SEC Order: J.P. Morgan… Read More »
SEC Charges Investment Adviser With Misappropriation of Investor Funds in Florida (Ponzi Scheme Case)
In December, the Securities and Exchange Commission (SEC) announced securities fraud charges against a Florida-based investment professional. According to the SEC, Henry Abdo used his company (Titanium Capital LLC) in order to operate a multi-million dollar Ponzi scheme. In total, approximately 160 investors were affected. Within this article, our Miami securities fraud lawyer discusses… Read More »
Real Estate Developer in Florida Charged in $93 Million Investment Fraud Scheme
On January 3rd, 2024, the Securities and Exchange Commission (SEC) announced securities fraud charges against Rishi Kapoor, a Miami-based real estate developer. Mr. Kapoor was accused of using nearly two dozen companies to carry out a $93 million investment fraud scheme. An immediate asset freeze was also obtained by regulators. The federal agency is… Read More »
Seven Whistleblower Awarded Nearly $30 Million as Part of Single Case
On December 22nd, 2023, the Securities and Exchange Commission (SEC) announced financial awards totaling more than $28 million to seven different whistleblowers. The seven individuals provided the federal agency with significant “information and assistance” that helped regulators take enforcement action that stopped a major securities fraud scheme. Within this blog post our SEC whistleblower… Read More »
Florida Unregistered Broker Among Those Charges By SEC in Multi-Million Dollar Case
On December 7th, 2023, the Securities and Exchange Commission (SEC) announced federal securities fraud charges against five unregistered brokers, including a South Florida resident. In total, the defendants engaged in $525 million in unregistered securities offerings—thereby netting nearly $90 million in improper profits from undisclosed fees. Within this article, our Florida unregistered broker losses… Read More »
SEC Adopts New Rule Barring Material Conflicts of Interest in Certain Securitizations
On November 27th, 2023, the Securities and Exchange Commission (SEC) announced the adoption of new regulation barring material conflicts of interest for certain types of securitizations. The rule—called Rule 192—is designed to help protect the interests of investors. In this article, our Miami investment fraud attorney discusses the key things to know about the… Read More »
South Florida Broker Fined, Suspended for Improper Exercising Discretion in Non-Discretionary Customer Trading Account
Gustavo Rodrigo III (CRD #3031284) is an actively registered broker. Currently, Mr. Rodrigo serves as a registered representative of Sutter Securities Incorporated and Boustead Securities, LLC. Recently, this broker was fined $2,500 and served a 10 business day suspension for exercising trading discretion in a customer’s non-discretionary trading account. Here, our Miami securities broker… Read More »
SEC Obtains Final Judgment from Federal Court in Florida Against Former Registered Representative Charged With Unsuitable Investments and Unauthorized Trading
On November 17th, 2023, the Securities and Exchange Commission (SEC) announced that a final judgment has been obtained against Alan Z. Appelbaum (CRD#: 500336). Mr. Appelbaum—who was most recently associated with Aegis Capital Corp in Boca Raton, Florida—was charged with making unsuitable investment recommendations and engaged in unauthorized trading. Here, our Miami unsuitable investments… Read More »
SEC Charges CEOs of Tech Start-Up in Multi-Million Securities Fraud Case (Bitwise)
On November 9th, 2023, the Securities and Exchange Commission (SEC) announced securities fraud charges against Jake Soberal and Irma Olguin, Jr. Mr. Sobreal and Ms. Olguin Jr. are the former co-Chief Executive Officers (CEOs) of a California-based company called Bitwise. The company is now accused of being a $100 million Ponzi scheme. It took… Read More »
