Category Archives: Elder Financial Fraud
Florida Broker Barred For Refusal To Cooperate With FINRA Investigation Into Alleged Senior Investment Fraud
Ronald J. Giovino Jr. (CRD#: 2236071) is a previously licensed and registered securities broker. From March of 2003 through July of 2021, Mr. Giovino Jr. was a representative for GWN Securities Inc. in Clearwater, Florida. Previously, he was associated with Legend Equities Corporation. On July 8th, 2021, Ronald J. Giovino Jr. was barred from… Read More »
In a FINRA Family Affair, Billionaire Florida Grandmother Awarded Approximately $20 Million
On February 5th, 2021, a Financial Industry Regulatory Authority (FINRA) arbitration panel in Boca Raton, Florida awarded a wealthy Florida grandmother nearly $20 million in compensation in a broker misconduct claim (Case Number: 19-02053). Notably, the named respondents—both former representatives of the New York, New York-based brokerage firm J.P Morgan Securities LLC—are the grandsons… Read More »
SEC Litigation Update: Florida Director of Investments Charged in Scheme Targeted at Elderly Investors
Recently, the Securities and Exchange Commission (SEC) released a litigation update in DeAndre P. Sears and his company MASears LLC (the Picasso Group). The federal regulator alleges that Mr. Sears improperly sold more than $25 million in securities to more than 140 retails. The investors targeted by the scheme were disproportionately elderly. In this… Read More »
SEC Charges Florida Resident With Penny Stock Fraud Aimed at Senior Citizen Investors
On September 29th, 2020, the Securities and Exchange Commission (SEC) announced charges against three Florida residents. According to allegations raised by the federal agency, Mason Newman, Christian Baquerizo, and Kevin Cardenas defrauded elderly investors out of nearly $1.5 million in an unregistered penny stock scheme. In this post, our Miami elder investment fraud attorneys… Read More »
