Recent Blog Posts
South Florida Brokerage Firm Sanctioned By FINRA in Unsuitable Investment Case
Newbridge Securities Corporation (CRD #104065) is a Boca Raton, Florida broker-dealer that is licensed to operate in 52 states and territories. On January 10th, 2025, the Financial Industry Regulatory Authority (FINRA) sanctioned Newbridge Securities Corporation for failure to supervise a registered representative for making unsuitable investment recommendations. Within this article, our Miami investment fraud… Read More »
SEC Charges Miami-Based Trucking Company as Part of Multi-Million Dollar Securities Fraud
On March 18th, 2025, the Securities and Exchange and Commission (SEC) announced securities fraud charges against a Miami-based company called Morbex Automation LLC and three of its owners, Adrian Colon, Danilo Monzon, and Joshua Smith. They are accused of defrauding as many as 50 investors in Florida. Within this article, our Miami investment fraud… Read More »
Florida Financial Advisor Fined and Suspended for Forging Signatures
Paul Edwards (CRD#: 5967107) is a previously registered broker and investment advisor. From August of 2012 to June of 2023, Mr. Edwards was a representative of NY Life Securities in Palm Bay, Florida. After an investigation, FINRA determined that he violated Rule 4511. Recently, Mr. Edwards was fined and suspended for forging customer signatures… Read More »
Miami Broker-Dealer Sanctioned By FINRA for Failure to Supervise Broker
Insigneo Securities, LLC (CRD #29249) is a brokerage firm that is licensed to operate in 52 U.S. states and American territories. It has a main headquarters in Miami, Florida. On December 18th, 2024, the Financial Industry Regulatory Authority (FINRA) announced a censure and an $85,000 fine against the firm for failure to properly supervise… Read More »
Florida Broker Fined and Suspended for Excessive Trading
Sean P. McCabe (CRD #5479643) is a registered securities broker. Mr. McCabe is listed by the Financial Industry Regulatory Authority (FINRA) as a resident of Palm Beach County, Florida. Since March of 2020, he has been a representative of Network 1 Financial Securities. In January of 2025, FINRA suspended Mr. McCabe for three months… Read More »
Report: Florida Saw Surged in Ponzi Scheme Cases in 2024
On February 17th, 2025, the Miami Herald reported that there was a surge in Ponzi scheme cases in the state in 2024. A Ponzi scheme is a form of investment fraud that is structured to pay existing investors with the funds of new investors. All Ponzi schemes will eventually collapse. Within this article, our… Read More »
Broker From Florida Suspended, Fined for Securities Law Violations Involving Municipal Bonds
Thomas McClure Mead Jr. (CRD #330666) is a previously registered securities broker. He is listed by the Financial Industry Regulatory Authority (FINRA) as a resident of Vero Beach, Florida. Most recently, Mr. Mead Jr. was a registered representative of Drexel Hamilton, LLC (December 2010 to December 2023). FINRA recently announced enforcement action against this… Read More »
Florida Broker Barred for Failure to Cooperate With FINRA Inquiry
Sherwin Sargeant (CRD # 5096798) is a previously registered securities broker. From December of 2019 to July of 2023, Mr. Sargent was a representative for Planmember Securities Corporation in Orlando, Florida. In November of 2024, this broker was permanently barred from the securities industry by the Financial Industry Regulatory Authority (FINRA) for the failure… Read More »
SEC Brought a Record Number of Enforcement Actions in the First Quarter of FY 2025
On January 17th, 2025, the Securities and Exchange Commission (SEC) announced that a record number of enforcement actions were brought by the agency in the first quarter of Fiscal Year 2025. For reference, that period ran from October 31st of 2024 through December 31st of 2024. Here, our Miami securities fraud attorney discusses the… Read More »
Man Operated Ponzi Scheme While in Prison, including in Florida
According to a press release from the United States Department of Justice (DOJ), Seth Adam Depiano, a 43-year-old man who is originally from California, is facing charges for allegedly operating a Ponzi scheme while incarcerated in federal prison, including while at a facility in Florida. Mr. Depiano—who was already in prison for fraud—is accused… Read More »
