Category Archives: SEC Fines
SEC Files Bond Fraud Charges Against South Florida Company
On August 14th, 2018, the Securities and Exchange Commission (SEC) announced investment fraud charges against two companies and eighteen different individuals. One of the investment firms, Core Management Performance, LLC (CPM), is based in Boca Raton, Florida, and was operated by four South Florida individuals: James Scherr of Boca Raton, FL; Deborah Dora of… Read More »
SEC Charges Five Florida-Based Unregistered Brokers with Selling Fraudulent Woodbridge Group Financial Products
On August 20th, 2018, the Securities and Exchange Commission (SEC) announced investment fraud charges against five Florida residents: Barry Kornfeld of Parkland, FL; Ferne E. Kornfeld of Parkland, FL; Andrew G. Costa of Fort Lauderdale, FL; Albert D. Klager of Vero Beach, FL; and Lynette M. Robbins of The Villages, FL. According to the… Read More »
The SEC Issued Three Whistleblower Awards Totaling $20.1 Million in a Single Week
On November 30th, 2017, the Securities and Exchange Commission (SEC) announced that it was awarding more than $16 million in financial compensation to two whistleblowers. These securities industry whistleblowers provided critically important information to help the agency bring enforcement action. The first whistleblower brought the misconduct to the attention of SEC staff members, while… Read More »
Wells Fargo Advisors Agrees to Pay $5 Million Penalty to SEC for Failing to Maintain Adequate Controls and Providing an Altered Document
On September 22, 2014, the SEC announced that it charged Wells Fargo Advisors LLC with: failing to maintain adequate controls to prevent one of its employees from insider trading based on a customer’s nonpublic information, unreasonably delaying its production of documents during the SEC’s investigation, and providing an altered internal document related to a… Read More »
