Recent Blog Posts
SEC Awards More Than $55 Million To Whistleblowers Across Several Enforcement Actions
Within the last few weeks, the Securities and Exchange Commission (SEC) has awarded tens of millions in financial compensation to several whistleblowers. Under federal law, the securities regulator can grant a financial award valued at between 10 percent and 30 percent of the ultimate recovery when it brings successful enforcement action based on the… Read More »
FINRA Files Misconduct Complaint Against Florida Securities Broker/Investment Advisor
Recently, the Financial Industry Regulatory Authority (FINRA) filed a complaint against Clyde Anthony Jensen (CRD#: 5658476) a broker and investment advisor who is currently associated with TD Private Client Wealth LLC in Tampa, Florida. Previously, he served as an associate for a number of different firms, including Ameriprise Financial Services in Fort Myers. The… Read More »
South Florida Broker Fined And Suspended For Unsuitable Investment Advice
Charles Bonilla (CRD #2572107) is a formerly registered broker and investment adviser. From December of 2015 to May of 2018, Mr. Bonilla was a securities representative of David Lerner Associates in Boca Raton, Florida. Subsequently, Mr. Bonilla worked for Pruco Securities in Boca Raton until February of 2019. Earlier this year, the Financial Industry… Read More »
Fund Manager With Ties To Miami, FL Charged In Multi-Million Dollar Securities Fraud Case
On April 23rd, 2021, the Securities and Exchange Commission (SEC) announced the filing of civil securities fraud charges against Andrew T. Franzone, a fund manager who has ties to Miami-Dade County, Florida. Mr. Franzone allegedly took in more than $38 million from at least 90 different investors in Florida, New York, and throughout the… Read More »
SEC Charges Former Miami, FL Registered Representative As Part Of $16 Million Oil-And-Gas Offering Fraud Scheme
On April 14th, 2021, the Securities and Exchange Commission (SEC) announced securities fraud charges against seven individuals. Among those charged is Mark Ross, a 53-year-old resident of Miami, Florida. Mr. Ross is a previously registered securities broker. He held a license from 1985 to 2007. At that time, he was sanctioned by FINRA and,… Read More »
FINRA Sanctions South Florida Brokerage Firm For Rule 2121 Violation
Dawson James Securities, Inc. (CRD No. 130645) is a licensed FINRA broker-dealer headquartered in Boca Raton, Florida. Initially registered with the SEC in 2004, Dawson James Securities operates in 53 U.S. states in territories. On April 6th, 2021, FINRA announced the broker-dealer was being censured, fined $20,000, and ordered to pay $7,083.93 in financial… Read More »
Securities And Exchange Commission Awards More Than $500,000 To Whistleblower Under ‘Safe Harbor’ Law
On March 29th, 2021, the Securities and Exchange Commission (SEC) confirmed that the federal agency has awarded more than $500,000 to an individual who raised concerns internally before officially submitting a tip to the government. With the latest award, the agency has now granted nearly $800 billion to securities industry whistleblowers. Notably, this case… Read More »
Florida Brokerage Firm Censured, Fined for Failure to Implement Supervisory System to Regarding the Recommendation of Risky Alternative Mutual Funds
J.W. Cole Financial, Inc. (CRD No. 124583) is a national brokerage firm with main headquarters in Tampa, Florida. The broker-dealer is licensed to operate in 52 U.S. states and territories. In March of 2021, the Financial Industry Regulatory Authority (FINRA) announced a censure and fine against J.W. Cole Financial, Inc. Here, our Miami unsuitable… Read More »
NAC Decision Upholds FINRA’s Ban of Florida Financial Advisor Who Refuses to Cooperate Into Investigation of Multi-Million Fraud Allegations
On March 10th, 2021, the National Adjudicatory Council (NAC) upheld FINRA’s bar on a Florida financial advisor. In the Matter of Department of Enforcement v. Robert Juan Escobio, the NAC determined that former Southern Trust Securities broker Robert J. Escobio (CRD#: 703813) was not justified when he failed to provide documents and on-the-record testimony… Read More »
Florida Man One of Seven Individuals Charged By SEC in a $45 Million Fraud Scheme
On March 2nd, 2021, the Securities and Exchange Commission (SEC) announced investment fraud charges against seven individuals and one company. The federal regulatory agency alleges that the defendants were involved in a scheme to gain control over a company called Airborne Wireless Network, with the ultimate goal being the defrauding of investors. Notably, Moshe… Read More »
