Category Archives: Securities Fraud
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 »
SEC Charges Florida Investment Fraud With Securities Law Violations
On October 2nd, 2023, the Securities and Exchange Commission (SEC) announced securities fraud charges against several Florida-based investment entities, including Pisces Income Fund, LLC and Pisces Income Fund Parallel, LLC. Two individuals—Shannon Westhead and Alec Vagnozzi—were named as the principal operators of the funds. Notably, the securities fraud charges are related to the Par… Read More »
Florida Broker-Dealer Fined, Censured for Inadequate Supervisory System
OCP Capital, LLC (CRD #143381) is a brokerage firm based in Wellington, Florida. The broker-dealer is licensed to operate in both Florida and New York. In 2023, the Financial Industry Regulatory Authority (FINRA) announced that OCP Capital, LLC is facing a censure and a $75,000 fine for its failure to develop and implement an… Read More »
SEC Files Complaint Against Alleged Unregistered Brokers in South Florida
On September 18th, 2023, the Securities and Exchange Commission (SEC) filed a complaint in the United States District Court for the Southern District of Florida (Rondini, et al). The SEC names Wilson Rondini III and two investment entities that he controlled—Falcon Capital LLP and Falcon Capital Partners Limited—as defendants in the case. The federal… Read More »
