Category Archives: Securities Fraud
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 »
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 »
