Category Archives: Investment Fraud
FINRA Arbitration Award: $390,000 In Compensatory Damages For Broker Negligence
On June 10th, 2022, a FINRA Arbitration panel at a hearing site in Boca Raton, FL awarded a claimant $390,000 in compensatory damages (Case Number: 19-02212). The respondent in the case was the nationally-known brokerage firm J.P. Morgan Securities, LLC. The claim was filed after an investment strategy touted by the broker-dealer reportedly went… Read More »
SEC Charges Executive Of Florida Company In Multi-Year Accounting Fraud Scheme
On June 2nd, 2022, the Securities and Exchange Commission (SEC) issued a litigation update in the case of the Securities and Exchange Commission v. Anthony Sirotka. The former CAO and President of a company called FTE Networks, Inc, Mr. Sirotka is facing accounting fraud charges. Two other former executives at the company have already… Read More »
Florida Brokerage Firm Facing Complaint For Material Misrepresentations
Fusion Analytics Securities LLC (CRD#: 124245/SEC#: 8-65649) is a previously registered brokerage firm. The broker-dealer was headquartered in Coral Springs, Florida. In March of 2022, its registration was terminated. On April 8th, 2022, FINRA’s Department of Enforcement filed a complaint against Fusion Analytics Securities LLC alleging that the firm willfully violated Section 10(b) of… Read More »
Broker Fined And Suspended For Seven Months For False & Misleading Statements
Gregory Antonius Lewis (CRD #2793976) is an actively registered securities broker. The Financial Industry Regulatory Authority (FINRA) indicates that this financial advisor is from St. Petersburg, FL. Since June of 2013, Mr. Lewis has been registered as a representative of Stockkings Capital LLC. Previously, he was associated with Caldwell International Securities and John Thomas… Read More »
SEC Halts Cryptocurrency Mining And Trading Scheme In South Florida
On May 6th, 2022, the Securities and Exchange Commission (SEC) announced securities fraud charges against a number of parties as part of a cryptocurrency mining and trade scheme, including: MCC International Corp. (MCC), doing business as Mining Capital Coin Corp.; MCC co-founder Luiz Carlos Capuci, Jr.; MCC co-founder Emerson Souza Pires; and Other entities,… Read More »
SEC Charges Two Florida Executives In Alleged Special Needs Trust Fraud Scheme
On May 2nd, 2022, the Securities and Exchange Commission (SEC) announced securities fraud charges against two executives of Synergy Settlement Services, Inc: CEO Jason D. Lazarus, Esq of Orlando and President Anthony F. Prieto, Jr. of Tampa Bay. The two Florida corporate executives stand accused of defrauding individuals with special needs. Here, our Miami… Read More »
FINRA Arbitration Panel In Florida Holds Broker Liable For $62,000 In Investor Damages
Karl Ronald Foust (CRD#: 1010291) is a previously registered broker and previously registered investment adviser (RIA). Mr. Foust was most recently associated with H.D. Vest Investment Services at a branch office in Boca Raton, Florida (2009 to 2014). On April 19th, 2022, a FINRA Arbitration panel in Florida held Mr. Foust liable for $62,000… Read More »
SEC Awards $1.25 Million To Whistleblower
On March 25th, 2022, the Securities and Exchange Commission (SEC) officially confirmed the award of $1.25 million in financial compensation to a whistleblower who provided credible and specific information to help regulators put a stop to securities fraud. SEC staff was able to open an investigation and has taken successful enforcement action because of… Read More »
NAC Decision: Miami Broker Barred From Industry, Brokerage Firm Expelled
On March 16th, 2022, the National Adjudicatory Council (NAC) issued a decision in the matter of Department of Enforcement vs. Dakota Securities International, Inc. and Bruce Martin Zipper of Miami, FL. Finding violations of securities industry regulations, broker Bruce Martin Zipper (CRD#: 1019731) was barred from the industry and his firm Dakota Securities International… Read More »
March 2022: SEC Issues Two Whistleblower Awards, Totaling $17.5 Million In Financial Compensation
Securities fraud remains a major area of concern. The SEC is the federal agency responsible for regulating securities markets and taking enforcement action against investment fraud. One of the challenges facing the SEC is that investment fraud is often well-concealed. For this reason, a whistleblower program was created to incentivize insiders to come forward… Read More »
