Recent Blog Posts
SEC Awards $1.25 Million To Whistleblower
On March 25th, 2022, the Securities and Exchange Commission (SEC) officially confirmed the award of $1.25 million in financial compensation to a whistleblower who provided credible and specific information to help regulators put a stop to securities fraud. SEC staff was able to open an investigation and has taken successful enforcement action because of… Read More »
NAC Decision: Miami Broker Barred From Industry, Brokerage Firm Expelled
On March 16th, 2022, the National Adjudicatory Council (NAC) issued a decision in the matter of Department of Enforcement vs. Dakota Securities International, Inc. and Bruce Martin Zipper of Miami, FL. Finding violations of securities industry regulations, broker Bruce Martin Zipper (CRD#: 1019731) was barred from the industry and his firm Dakota Securities International… Read More »
March 2022: SEC Issues Two Whistleblower Awards, Totaling $17.5 Million In Financial Compensation
Securities fraud remains a major area of concern. The SEC is the federal agency responsible for regulating securities markets and taking enforcement action against investment fraud. One of the challenges facing the SEC is that investment fraud is often well-concealed. For this reason, a whistleblower program was created to incentivize insiders to come forward… Read More »
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 »
