Category Archives: Securities Fraud
Winter Park, Florida Man Arrested for Investment Fraud
On September 3rd, 2025, the Florida Department of Law Enforcement announced the arrest of a Winter Park man on securities fraud charges. Jerald Benjamin Clawson has been charged with felony counts of organized scheme to defraud and the unlawful use of unregistered securities. Here, our Miami securities fraud attorney provides a more detailed overview… Read More »
FINRA Bars Florida Broker from Securities Industry
Evan Pfeuffer (CRD #2862097) is a previously registered securities broker. From February of 2021 to November of 2024, Mr. Pfeuffer was a representative of Stonex Financial Inc. in Winter Park, Florida. However, recently this broker was barred by the Financial Industry Regulatory Authority (FINRA) for his failure to cooperate with an investigation into alleged… Read More »
Florida Broker Fined, Suspended By FINRA for Municipal Bonds Violations
Bjorn Johan Erickson (CRD#: 5756517) is a registered securities broker. Since June 2011, Mr. Erickson has been a registered representative of Newbridge Securities, LLC in St. Petersburg, Florida. Recently, the Financial Industry Regulatory Authority (FINRA) took adverse action against this broker. He was fined and suspended for violations related to municipal bonds. In this… Read More »
SEC Obtains Final Judgment Against Two Defendants in Florida Pump-and-Dump Securities Fraud Scheme
On June 20th, 2025, the Securities and Exchange Commission (SEC) announced that it secured a final judgment against two defendants in a securities fraud case in South Florida. Civil charges were brought against Benjamin Ballout and Mohamed Zayed for their role in a pump-and-dump scheme. Here, our Miami, FL securities fraud attorney discusses the… Read More »
SEC Files Securities Fraud Charges in South Florida; Alleges Misappropriation of Over $17 Million
On May 27th, 2025, the Securities and Exchange Commission (SEC) announced securities fraud charges against Andrew H. Jacobus and two companies (Kronus Financial Corporation and Finser International Corporation). The federal regulator alleges that Mr. Jacobus misappropriated more than $17 million from investors through these two companies. Here, our Miami securities fraud attorney provides an… Read More »
SEC Announces Charges Against Florida Residents in $100 Million Securities Fraud Case
On May 20th, 2025, the Securities and Exchange Commission (SEC) announced securities fraud charges against a New York City-based company called Unicoin, Inc. and three of its two executives. Alex Konanykhin, Silvina Moschini, and Alex Dominguez were all named in the complaint. All three are residents of South Florida. Here, our Miami securities fraud… Read More »
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 »
