Recent Blog Posts
FINRA Arbitration Panel Awards Investors Approximately $250,000 in Compensatory Damages
On June 18th, 2020, a FINRA Arbitration Panel awarded a pair of investors approximately $250,000 in compensation in a broker negligence claim (Case Number: 20-00620). The respondents in the case were Anthony Mastroianni Jr. (CRD#: 2151249), John F. Riccardi Jr. (CRD#: 4771185), and Windsor Street Capital LP (CRD#: 34171/SEC#: 8-46219). Notably, the FINRA arbitration… Read More »
Brokerage Firm Failed to Establish Adequate Supervisory System, Improperly Used Unregistered ‘Finder’ in Florida
Silver Leaf Partners, LLC (CRD#: 126694/SEC#: 8-65902) is a New York-based brokerage firm that is licensed to operate in 50 U.S. states and territories, including in Florida. It first entered the securities industry in 2003. On June 29th, 2020, the National Adjudicatory Council (NAC) ruled that this firm failed to create and maintain an… Read More »
SEC Halts Fraudulent Cryptocurrency Offering—Operators Were Soliciting Funds from Investors in Florida
On June 19th, 2020, the Securities and Exchange Commission (SEC) announced emergency action against Sean Hvizdzak and Shane Hvizdzak—two brothers from Central Pennsylvania. Federal regulators contend that the men raised money for private cryptocurrency-related funds by making false representations. The SEC also believes that investor money was misappropriated. Notably, the Hvizdzak brothers solicited money… Read More »
Palm Beach County Broker Fined, Suspended for One Year for Selling Away
Alexander Jon James (CRD #5630825) is a previously registered broker with more than ten years of experience in the securities industry. From January of 2012 to May of 2017, Mr. James worked at Voya Financial Advisors in Palm Beach Gardens, Florida. Subsequently, he was associated with Allstate Financial Services in West Palm Beach. On… Read More »
SEC Awards $50 Million to Securities Industry Whistleblower—A Record High Award
On June 4th, 2020, the Securities and Exchange Commission (SEC) announced a whistleblower award of nearly $50 million for an individual who provided detailed, first-hand information regarding serious corporate misconduct to federal regulators. As a result of the disclosure, authorities will be able to take enforcement action and recover money for investors. The award… Read More »
FINRA Complaint: South Florida Brokerage Firm Violated Securities Industry Rules
Fusion Analytics Securities LLC (CRD#: 124245/SEC#: 8-65649) is a brokerage firm headquartered in Coral Springs, Florida. The firm is licensed to operate in 12 U.S. states and territories. Originally entering the industry in 2002, Fusion Analytics Securities has five disclosures on its record, including three regulatory events, one arbitration award, and one judgment/lien. Recently,… Read More »
Florida Brokerage Firm Expelled from the Securities Industry By FINRA for Failure to Pay a Fine
Midtown Partners (CRD#: 104223/SEC#: 8-52685) is a previously registered brokerage firm. With its primary office in Land O’ Lakes, Florida, Midtown Partners was licensed to do business in several other jurisdictions. Early this year, the brokerage firm was expelled by the Financial Industry Regulatory Authority (FINRA) for its failure to pay financial penalties previously… Read More »
SEC Charges Florida Company With COVID-19 Related Penny Stock Fraud
On May 14th, the Securities and Exchange Commission (SEC) announced penny stock fraud charges against a Florida-based company and its principal operator. In the United States District Court for the Middle District of Florida, the SEC filed charges against Turbo Global Partners and Chief Executive Officer (CEO) Robert W. Singerman. Federal regulators allege that… Read More »
Receiver Appointed in Florida Investment Fraud Case
On May 12th, 2020, the Securities and Exchange Commission (SEC) announced that a receiver has been appointed in the investment fraud case involving the Florida-based advisory firm TCA Fund Management and several of its affiliate companies. Regulators allege that TCA inflated its assets by approximately $130 million. Here, our Miami investment fraud lawyers provide… Read More »
SEC Awards $18 Million to a Whistleblower—the 9th Largest Award in Program’s History
On April 28th, the Securities and Exchange Commission (SEC) announced its 81st whistleblower award. The $18 million award, which was granted to a securities industry insider who provided critically important information that helped to prompt an investigation and enforcement action, is the 9th largest in the nearly decade long history of the program. Below,… Read More »
