Recent Blog Posts
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 »
Florida Broker Suspended for Forging Client Signatures/Initial to Transfer Funds
Jennifer Lillian Basey (CRD#: 4730054) is a licensed securities broker and registered investment advisor (RIA). From January 2004 to December 2019, Ms. Basey served as a representative for Edward Jones (CRD#: 250) in Fort Myers, Florida. In December, she separated from the brokerage firm after allegations involving unauthorized client signatures. Regulators launched their own… Read More »
Florida Financial Professional Suspended for Falsifying Customer Wire Request, Providing False Information to Investigators
On March 27th, 2020, the National Adjudicatory Council (NAC) released a final decision In the Matter of Department of Enforcement v. Linda C. Milberger—a case related to the allegations of misconduct raised against a securities broker and a financial professional. After reviewing the evidence, the NAC that Linda Milberger of Orlando, Florida falsified two… Read More »
SEC Awards More than $4.1 Million in Whistleblower Compensation Across Three Different Cases
Within the last four weeks, the Securities and Exchange Commission (SEC) has issued whistleblower awards to four individuals across three different legal matters. Since the program was created in 2010, the agency has now awarded more than $398 million in compensation to nearly 80 different people. Below, our South Florida SEC whistleblower lawyers highlight… Read More »
SEC Charges Miami-Beach Unregistered Penny Stock Dealer in Southern District of Florida
On March 24th, 2020, the Securities and Exchange Commission (SEC) announced charges against Justin W. Keener and his company JMJ Financial. According to federal regulators, the Miami Beach man unlawfully acted as an unregistered penny stock dealer. The agency alleges that Mr. Keener generated nearly $22 million in ill-gotten gains—violating federal law and undermining… Read More »
