Category Archives: Investment Fraud
Broker in Florida Barred for FINRA Violations
William Wade Godfrey (CRD #2447660) is a previously registered broker and previously registered investment adviser (RIA). From March of 2021 to January of 2022, Mr. Godfrey worked as a representative for Thrivent Investment Management in Clearwater, Florida. Subsequently, this broker served as a representative of OneAmerica Securities. Recently, William Wade Godfrey was barred by… Read More »
SEC Charges CEO in Florida With Making False Statements to Inflate Company Stock Price
On February 27th, 2024, the Securities and Exchange Commission (SEC) announced securities fraud charges against Paul A. Pereira—the former Chief Executive Officer (CEO) of Alfi, Inc., Mr. Pereira allegedly knowingly made false statements on social media that were targeted at investors and designed to raise the company’s stock price. The company is no longer… Read More »
Florida-Based Broker Dealer Cited for Inadequate Supervisory System
SRT Securities LLC (CRD #33725) is a Wellington, Florida based brokerage firm that is licensed to operate in 25 states and U.S. territories. In December of 2023, the Financial Industry Regulatory Authority (FINRA) cited this broker-dealer for regulatory violations. The brokerage firm was fined $30,000 and ordered to revise its supervisory procedures to conform… Read More »
Florida-Based Investment Company Settles Cryptocurrency-Related Securities Violations
On February 7th, 2024, the Securities and Exchange Commission (SEC) announced that a Florida-based investment company reached a settlement for cryptocurrency-related securities fraud violations. TradeStation—a brokerage company based in Broward County, Florida—will pay $1.5 million to resolve allegations that it improperly sold unregistered securities. Below, our Miami investment fraud lawyer discusses the allegations in… Read More »
Real Estate Developer in Florida Charged in $93 Million Investment Fraud Scheme
On January 3rd, 2024, the Securities and Exchange Commission (SEC) announced securities fraud charges against Rishi Kapoor, a Miami-based real estate developer. Mr. Kapoor was accused of using nearly two dozen companies to carry out a $93 million investment fraud scheme. An immediate asset freeze was also obtained by regulators. The federal agency is… Read More »
Florida Unregistered Broker Among Those Charges By SEC in Multi-Million Dollar Case
On December 7th, 2023, the Securities and Exchange Commission (SEC) announced federal securities fraud charges against five unregistered brokers, including a South Florida resident. In total, the defendants engaged in $525 million in unregistered securities offerings—thereby netting nearly $90 million in improper profits from undisclosed fees. Within this article, our Florida unregistered broker losses… Read More »
SEC Adopts New Rule Barring Material Conflicts of Interest in Certain Securitizations
On November 27th, 2023, the Securities and Exchange Commission (SEC) announced the adoption of new regulation barring material conflicts of interest for certain types of securitizations. The rule—called Rule 192—is designed to help protect the interests of investors. In this article, our Miami investment fraud attorney discusses the key things to know about the… Read More »
SEC Charges CEOs of Tech Start-Up in Multi-Million Securities Fraud Case (Bitwise)
On November 9th, 2023, the Securities and Exchange Commission (SEC) announced securities fraud charges against Jake Soberal and Irma Olguin, Jr. Mr. Sobreal and Ms. Olguin Jr. are the former co-Chief Executive Officers (CEOs) of a California-based company called Bitwise. The company is now accused of being a $100 million Ponzi scheme. It took… Read More »
SEC Charges Miami-Based Investment Advisor With Securities Fraud
On June 12th, 2023, the Securities and Exchange Commission (SEC) announced securities fraud charges against a Miami-FL based investment advisor named Hal D. Mintz. The last known address of Mr. Mintz is in Miami Beach. A Texas based company that he owned and controlled (Sabby Management LLC) was also named as a defendant. Within… Read More »
Florida Broker Barred For Failure To Cooperate With FINRA Investigation Into Alleged Improper Loan From Clients
Eric James Stone (CRD #5227654) is a previously registered investment adviser (RIA) and previously registered securities broker. From February of 2008 through June of 2021, Mr. Stone was a representative of Fidelity Brokerage Services, LLC in Jacksonville, FL. In 2021, he was separated from his employment at the firm after allegations that he took… Read More »
