Category Archives: Securities Fraud
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 »
SEC Charges Florida Resident With Insider Trading
On July 30th, 2024, the Securities and Exchange Commission (SEC) confirmed that a Florida resident has been charged with insider trading. In a complaint brought in the United States District Court for the Southern District of Florida, the SEC alleges that Charles Baugh—a man from Palm Beach County—knowingly violated anti-fraud provisions of the federal… Read More »
Florida Broker Suspended for Two Months for FINRA Violations
Nathaniel Walter Adams (CRD#: 5703267) is a previously registered investment adviser (RIA) and previously licensed securities broker. From 2016 to 2022, Mr. Adams was a representative of Infinex Investments in Lakes Wales. For three months in 2022, he worked at LPL Financial, LLC. Finally, from November of 2022 to May of 2023, Mr. Adams… Read More »
SEC Takes Enforcement Action Against South Florida Company
On June 24th, 2024, the Securities and Exchange Commission (SEC) announced enforcement action against a South Florida investment entity. In the case of BorrowMoney.com, Inc. and Aldo Piscitello, the SEC alleges fraud on the part of the company and its sole officer and majority shareholder. In this blog post, our Miami securities fraud attorney… Read More »
Miami Resident Sentenced to 2.5 Years in Prison in Investment Fraud Case
According to a report from Bloomberg Law News, Jack Connor Ridall, 29, has been sentenced to serve 30 months in prison in a securities fraud case. The United States Attorney’s Office for the Southern District of Florida contends that Mr. Ridall defrauded investors out of nearly $750,000. Mr. Ridall pleaded guilty to a wire… Read More »
FINRA Bars Southwest Florida Broker for Failure to Cooperate into Investigation into Alleged Conversion of Funds
Keith M. Curtis (CRD #4798755) is a previously registered investment advisor. From March of 2010 to June of 2015, Mr. Curtis was a representative of JHS Capital Advisors in Sarasota, Florida. From June of 2015 through January of 2022, he was a representative of Aegis Capital Corp. in Tampa. FINRA barred this broker from… Read More »
SEC Charges Investment Adviser With Misappropriation of Investor Funds in Florida (Ponzi Scheme Case)
In December, the Securities and Exchange Commission (SEC) announced securities fraud charges against a Florida-based investment professional. According to the SEC, Henry Abdo used his company (Titanium Capital LLC) in order to operate a multi-million dollar Ponzi scheme. In total, approximately 160 investors were affected. Within this article, our Miami securities fraud lawyer discusses… Read More »
South Florida Broker Fined, Suspended for Improper Exercising Discretion in Non-Discretionary Customer Trading Account
Gustavo Rodrigo III (CRD #3031284) is an actively registered broker. Currently, Mr. Rodrigo serves as a registered representative of Sutter Securities Incorporated and Boustead Securities, LLC. Recently, this broker was fined $2,500 and served a 10 business day suspension for exercising trading discretion in a customer’s non-discretionary trading account. Here, our Miami securities broker… Read More »
