Tag Archives: Miami Investment Fraud Attorney
South Florida Broker Suspended for Negligent Supervision
Jose Luis Leon (CRD#: 1789460) served as a registered broker at BAC Florida Investments from 1988 to 2017. During this time, Mr. Leon was based out of a branch office in Coral Gables, Florida. On September 19th, 2018, Jose Luis Leon was suspended from the securities industry for six months and fined $10,000 for… Read More »
Palm Beach County Broker Barred From Securities Industry for Material Misrepresentations
On May 17th, 2018, the National Adjudicatory Council (NAC) affirmed FINRA’s findings and sanctions in the case of Michael Todd Clements (CRD#: 170207), permanently barring the broker from the securities industry and ordering him to pay full financial restitution to affected investors. The alleged misconduct in this case relates to the period when Mr…. Read More »
SEC Files Investment Fraud Charges Against Former NHL Owner
On April 5th, 2018, the Securities and Exchange Commision (SEC) filed civil investment fraud charges against Peter H. Pocklington and five alleged co-conspirators, including Yolanda C. Velazquez and Vanessa Puelo, both of Florida. Mr. Pocklington is the former owner of the National Hockey League’s Edmonton Oilers. According to the SEC, Mr. Pocklington and his… Read More »
SEC Announces $81 Million Settlement in the Jay Peak Investment Fraud Case
On February 2nd, 2018, the Securities and Exchange Commission (SEC) announced that it has reached an $81 million settlement with South Florida businessman Ariel Quiros. Mr. Quiros has been at the center of the Jay Peak investment fraud case. According to the SEC, this money will be used to compensate investors who were affected… Read More »
Florida Broker Fined, Suspended for Unreported Private Securities Transactions
Recently, the Financial Industry Regulatory Authority (FINRA) announced that it was issuing a $10,000 fine and a three-month suspension against registered securities broker Gabriel William Hynes (CRD #3152541). Mr. Hynes was most recently employed at NYLIFE Securities LLC, and he worked out of a branch that was located in St. Augustine, Florida. According to… Read More »
Florida Broker Suspended for Unsuitable Investment Recommendations
The Financial Industry Regulatory Authority (FINRA) recently announced that Daniel Joseph Hushek III (CRD #4250117), a registered broker based in Sarasota, Florida, has been suspended from the securities industry for a period of fifteen months. According to investigators, Mr. Hushek failed to adequately supervise a representative who was recommending unsuitable investments to clients. Full… Read More »
Brokerage Allegedly Defrauded Investors, Misrepresented Relationship with City of Jacksonville
On August 4th, 2017, FINRA’s Department of Enforcement filed a complaint against CSSC Brokerage Services, Inc. (CSSC) and its principal and CEO Eric S. Smith. Within the document, the Department of Enforcement alleges that Mr. Smith and CSSC defrauded investors by materially misrepresenting the company’s financial condition in a bridge loan securities offering that… Read More »
Miami Broker Suspended for Five Months for Undisclosed Private Securities Transactions
The Financial Industry Regulatory Authority’s (“FINRA”) Department of Enforcement announced that Leon Edward Dixon (CRD No. 723675), a registered financial advisor based in Miami, Florida, was sanctioned for participating in undisclosed private securities transactions. At the time of the alleged misconduct, Mr. Dixon was employed as a registered securities broker at AXA Advisors, LLC…. Read More »
Fort Lauderdale Broker Permanently Barred for Unsuitable Investment Recommendations, Unauthorized Trading
Recently, FINRA’s Department of Enforcement permanently barred Florida broker Scott Allen Sibley (CRD#: 1523981) from the securities industry. Mr. Sibley was accused of recommending unsuitable investments to at least 10 different clients and engaging in unauthorized trading on another client’s brokerage account. Without admitting or denying any of the allegations, Mr. Sibley consented to… Read More »
Miami Brokerage Firm Hit With $188,000 in Penalties for Overcharging Customers
In May, Ultralat Capital Markets, Inc. (CRD#: 136791), a broker-dealer based in Miami, Florida, settled allegations that it systematically overcharged several of its clients. Without admitting or denying any wrongdoing, Ultralat Capital Markets consented to the following penalties: Public censure; A $140,000 fine; and Disgorgement of ill-gotten gains totaling $48,055.84, plus interest. Full information… Read More »