Category Archives: Investment Fraud
FINRA Bars West Palm Beach Broker For Failure To Cooperate With Investigation Into Misconduct
Caroline Mohan (CRD #2429577) is a previously registered broker and investment adviser. From July of 2017 to March of 2021, Ms. Mohan was associated with LPL Financial LLC, working at a branch office location in West Palm Beach. She was also previously a representative for two other broker-dealers in Florida (Invest Financial Corp and… Read More »
Florida Broker Barred For Allegedly Converting Customer Funds
Joshua David Nicholas (CRD#: 6529944) is a previously registered broker and previously registered investment adviser (RIA). In the first half of 2020, Mr. Nicholas served as a representative for Merrill Lynch at a branch office in Stuart, Florida. In July of 2020, this broker was separated from his employment at Merrill Lynch following allegations… Read More »
SEC Grants More Than $40 Million In Compensation To Four Whistleblowers
On January 21st, 2022, the Securities and Exchange Commission (SEC) announced that the federal government has granted $40 million in financial compensation to four different whistleblowers. The whistleblower awards were paid as part of three separate actions by the SEC. Through the SEC’s confidential whistleblower program, the federal government has now granted a total… Read More »
Three Florida Residents Charged With Investment Fraud
On January 6th, 2022, the Securities and Exchange Commission (SEC) announced investment fraud charges against three Florida residents. According to the federal regulator, the three individuals improperly and unlawfully manipulated the market through insider trading. They made more than $4 million in collective gains through three separate insider trading schemes. In this blog post,… Read More »
DOJ: Florida Man Sentenced For Securities Fraud In West Virginia
On December 3rd, 2021, the Department of Justice (DOJ) formally announced that Phillip W. Conley of Jacksonville, Florida has been sentenced to 87 months in prison for his role in perpetrating a securities fraud scheme. In total, federal authorities allege that Mr. Conley defrauded churches and people in West Virginia out of nearly $5… Read More »
Investment Fraud Watch: SEC Wins Jury Verdict In Securities Fraud Case Against South Florida Financial Advisor
On December 15th, 2021, the Securities and Exchange Commission (SEC) announced that a jury in South Florida found financial advisor Michael C. Furman liable for securities fraud and for the unlawful sale of unregistered securities. The federal agency filed charges against Mr. Furman for his role in an investment fraud scheme targeted at senior… Read More »
FINRA Arbitration Panel In Florida Holds Broker-Dealer Liable For Negligent Supervision
On December 9th, 2021, a Financial Industry Regulatory Authority (FINRA) arbitration panel in Boca Raton, Florida awarded an investor $150,000.00 for negligent supervision (Case Number: 18-02720). The claim was filed after losses were sustained in hedge fund investments. While other causes of action were denied, the respondent (Credit Suisse Securities (USA) LLC) was found… Read More »
SEC Issues Nearly $5 Million Whistleblower Award After Money Successfully Recovered For Harmed Investors
On December 7th, 2021, the Securities and Exchange Commission (SEC) announced a whistleblower award totaling nearly $5 million. The award was approved for an individual who helped the agency take successful enforcement action against securities fraud, recovering compensation on behalf of harmed investors. The SEC has now awarded approximately $1.2 billion in compensation to… Read More »
Additional Florida Financial Advisor Accused Of Illegal Cherry-Picking Scheme
On November 15th, 2021, the Securities and Exchange Commission (SEC) issued a litigation update in its case against Lina Maria Garcia—a Florida investment adviser accused of illegally “cherry-picking” stock trades. The charges are related to similar charges filed against another financial advisor (Ramiro Jose Sugranes of Miami) earlier this year. Below, our Miami financial… Read More »
FINRA Arbitration Panel In Florida Awards More Than $250,000 To Claimant
On November 5th, 2021, a Florida-based FINRA arbitration panel awarded $250,205.50 in financial compensation to a claimant who suffered damages due to alleged misconduct by a broker and brokerage firm (Case Number: 15-03293). The respondents in the case were Richard Alyn Rappaport (CRD#: 1885122) and WestPark Capital, Inc. (CRD#: 39914/SEC#: 801-108275, 8-48898). Below, our… Read More »
