Category Archives: Investment Fraud
SEC Awards $2 Million To Whistleblower Who Helped Halt Securities Fraud
On October 29th, 2021, the Securities and Exchange Commission (SEC) announced its 224th whistleblower award. The agency has now awarded more than $1.1 billion in financial compensation to whistleblowers who have come forward and voluntarily provided information to help put a stop to securities fraud. The latest whistleblower award was approved for an anonymous… Read More »
FINRA Arbitration Award: Florida Broker Held Liable For Additional Commissions And Fees Incurred By Investors
Brian Allan Cobb (CRD#: 6020022) is a licensed securities broker and registered investment adviser (RIA). Since March of 2012, Mr. Cobb has served as a registered representative for the brokerage firm Edward Jones in Port Orange, Florida. Based in St. Louis, Edward Jones is a national brokerage firm that is licensed to operate in… Read More »
SEC Charges Former Florida Executives In Investment Fraud Case
On September 30th, 2021, the Securities and Exchange Commission (SEC) announced investment fraud charges against two Florida executives—Robert D. Press and Donna M. Silverman, both formerly of TCA Fund Management Group Corp. The SEC alleges that TCA Fund Management harmed investors by improperly inflating its assets. Here, our Miami investment fraud lawyers discuss the… Read More »
SEC Charges Florida Payday Lender, CEO In Relation To $66 Million Fraud Scheme
On September 27th, 2021, the Securities and Exchange Commission (SEC) announced investment fraud charges against Sky Group USA LLC—a Miami, FL-based payday lending business—and its Chief Executive Officer (CEO) Efrain Betancourt, Jr. The company and its lead executive are implicated in a $66 million fraud scheme. Below, our Miami investment fraud lawyers provide a… Read More »
With A $110 Million Award, SEC Passes $1 Billion In Total Whistleblower Compensation
On September 15th, 2021, the Securities and Exchange Commission (SEC) announced two new whistleblower awards—a $110 million award and a $4 million award, both connected to the same underlying enforcement action. With the latest awards, the SEC has now approved more than $1 billion in whistleblower compensation. Notably, nearly half of the compensation paid… Read More »
SEC Charges Two Florida Executives In Relation To Fraudulent $30 Million Securities Offering
On August 6th, 2021, the Securities and Exchange Commission (SEC) officially announced securities fraud charges against two Florida executives and a company based in the Cayman Islands. Federal regulators filed charges against Gregory Keough, Derek Acree, and Blockchain Credit Partners. Below, our Miami investment fraud lawyers discuss the allegations raised in the SEC’s complaint…. Read More »
SEC Litigation Release: Florida Jury Broker-Dealer Liable In Securities Fraud Case
On July 30th, 2021, the Securities and Exchange Commission (SEC) announced that a Florida jury found Spartan Securities Group, LTD., another firm, and two individuals legally liable in a securities fraud case (Litigation Release No. 25156). The court will not be tasked with determining the appropriate sanctions/penalties. In this blog post, our Miami investment… Read More »
SEC Awards More Than $1 Million To Whistleblower Who Helped Stop Securities Fraud
On June 24th, 2021, the Securities and Exchange Commission (SEC) announced a whistleblower award in excess of $1 million. It is the 179th award that has been granted in the history of the SEC’s whistleblower program. The agency has now given out more than $930 million in financial compensation to securities industry insiders and… Read More »
SEC Charges South Florida Unregistered Investment Adviser With Securities Fraud; Preliminary Settlement Reached
On June 11th, 2021, the Securities and Exchange Commission (SEC) announced the filing of investment fraud charges against Edgar M. Radjabli, an unregistered investment adviser based in Boca Raton, Florida. According to the federal agency, Mr. Radjabli engaged in three separate fraud schemes. Here, our Miami investment fraud lawyers discuss the allegations raised in… Read More »
Miami Beach Broker Fined And Suspended By FINRA
Scott Richard Reynolds (CRD #2705340) is a previously registered FINRA broker. From February of 2005 to March of 2019, Mr. Reynolds was a representative for Spartan Securities Group LTD. in Miami Beach. Subsequent to his time there, he also worked at Avatar Securities, LLC in New York. On March 27th, 2019, Spartan Securities discharged… Read More »
