Category Archives: Securities Fraud
Miami Brokerage Firm Fined for Misleading Promises to Prospective Investors
Avenue Securities LLC (CRD #292589) is a brokerage firm headquartered in Miami that is licensed to operate in 30 states and territories. In January of 2025, the Financial Industry Regulatory Authority (FINRA) fined and censured the broker-dealer for failure to develop a proper supervisory system. Specifically, FINRA determined that the firm made misleading promises… Read More »
Florida Financial Advisor Fined and Suspended for Forging Signatures
Paul Edwards (CRD#: 5967107) is a previously registered broker and investment advisor. From August of 2012 to June of 2023, Mr. Edwards was a representative of NY Life Securities in Palm Bay, Florida. After an investigation, FINRA determined that he violated Rule 4511. Recently, Mr. Edwards was fined and suspended for forging customer signatures… Read More »
Miami Broker-Dealer Sanctioned By FINRA for Failure to Supervise Broker
Insigneo Securities, LLC (CRD #29249) is a brokerage firm that is licensed to operate in 52 U.S. states and American territories. It has a main headquarters in Miami, Florida. On December 18th, 2024, the Financial Industry Regulatory Authority (FINRA) announced a censure and an $85,000 fine against the firm for failure to properly supervise… Read More »
SEC Brought a Record Number of Enforcement Actions in the First Quarter of FY 2025
On January 17th, 2025, the Securities and Exchange Commission (SEC) announced that a record number of enforcement actions were brought by the agency in the first quarter of Fiscal Year 2025. For reference, that period ran from October 31st of 2024 through December 31st of 2024. Here, our Miami securities fraud attorney discusses the… Read More »
Vinco Ventures Chief Executive Faces Securities Fraud Charges in South Florida
Roderick “Rod” Vanderbilt is a former chief executive officer (CEO) for a company called Vinco Ventures. In July of 2023, that company was officially delisted by Nasdaq. Mr. Vanderbilt is now facing felony conspiracy to commit securities fraud charges in a federal court in South Florida. Here, our Miami securities fraud attorney discusses the… Read More »
South Florida Broker Fined, Suspended for FINRA Violations
Christian Eduardo De Berardinis (CRD #4312327) is a registered investment adviser (RIA) and previously registered securities broker. Mr. De Berardinis is a resident of Palm Beach County. From July of 2015 to July of 2023, he was a representative of Morgan Stanley. Mr. De Berardinis voluntarily resigned from the firm in 2023 after allegations… Read More »
FINRA Expels North Miami Securities Firm
On August 26th, 2024, the Financial Industry Regulatory Authority (FINRA) announced the expulsion of a Miami-based securities company called Bananafina LLC from the securities industry (FINRA Case #2023077678601). FINRA determined that the firm failed to substantially cooperate with an investigation into its practices in violation of securities industry rules. Here, our Miami securities fraud… Read More »
SEC Holds Florida Company Liable for Securities Law Violations (Misrepresentation of Technology in Statements to Investors)
On October 15th, 2024, the Securities and Exchange Commission (SEC) announced that a Florida company is being held liable for securities law violations for making material misrepresentations to investors. Destiny Robotics Corp—a Miami-based artificial intelligence (AI) start-up—and its owner Megi Kavtaradze allegedly raised more than $140,000 from investors on fraudulent grounds. Here, our Miami… Read More »
SEC Brings Insider Trading Complaint in Florida
On September 16th, 2024, the Securities and Exchange Commission (SEC) brought an insider trading complaint against multiple people in Florida. The SEC contends that Federico Nannini, Mauro Nannini, Alejandro Thermiotis, and Francisco Tonarely engaged in a seven figure insider trading scheme. Below, our Miami securities fraud lawyer discusses the allegations. The Charges: Insider Trading … Read More »
SEC Brings Charges in $650 Million Cryptocurrency Fraud Case in Florida
On August 12th, 2024, the Securities and Exchange Commission (SEC) charged NovaTech and its principals as part of a cryptocurrency fraud case in a federal court in Florida. Cynthia Petion and Eddy Petion stand accused of defrauding many investors in Florida and throughout the United States. Six more defendants associated with the company—James Corbett,… Read More »
