Tag Archives: Miami Securities Fraud Attorneys
FINRA Permanently Bans Two Florida Brokers for Selling Unregistered Securities
The Financial Industry Regulatory Authority (FINRA) has permanently barred Philip Brisard and Kenley Brisard from having any further association with any FINRA member due to their investment-related misconduct. According to FINRA, both men have consented to the sanctions against them without admitting or denying any culpability. Through their firm, Brisard & Brisard, Inc, the… Read More »
SEC Brings Investment Fraud Charged Against a Miami Beach Firm
In the United States District Court for the Southern District of Florida, the Securities and Exchange Commission (SEC) has brought serious investment fraud charges against Onix Capital LLC and its sole owner and manager Alberto Chang-Rajii. Onix Capital is an asset management company that is based in Miami Beach, Florida. In all, the SEC… Read More »
Texas Man Charged in Bitcoin Securities Fraud Case
A Texas man has pled guilty to what federal authorities describe as the first bitcoin-related securities fraud case, according to a U.S. News report. Bitcoin is a digital currency that operates independent from a central bank. Encryption techniques are used to regulate how many units are generated and verify the transfer of funds. The… Read More »
FINRA Fines Prudential Annuities Distributors, Inc. $950,000 for Failing to Prevent Theft of $1.3 Million From Elderly Customer’s Variable Annuity Account
On July 19, 2016, FINRA announced it fined Prudential Annuities Distributors, Inc. the sum of $950,000 for failing to detect and prevent a scheme that resulted in the theft of approximately $1.3 million from an 89-year-old customer’s variable annuity account. According to FINRA, Prudential “repeatedly failed to adequately investigate “red flags” that Travis A…. Read More »
Did Morgan Stanley’s New Sports & Entertainment Division Miss The Point?
Professional athletes often fall victim to unscrupulous financial advisors that take advantage of players’ trust and inexperience in financial matters. Athletes need to be surrounded by trustworthy advisors who will protect their assets, put their interests ahead of the advisor’s interests, keep them away from the wolves, and work with them to create a… Read More »
Securities Fraud Suit Filed against Electronics Firm Harman International
On June 23, 2015, the U.S. Court of Appeals for the District of Columbia ruled to reinstate a securities fraud class action lawsuit against electronics company, Harman International Industries Inc., and, more specifically, against three of its high-ranking executives. Plaintiffs alleged that back in April of 2007, the company announced that it would potentially… Read More »
Will Allen, Former NFL Player, Charged for Role in Ponzi Scheme
Professional athletes and other high-income, high-profile individuals rely on financial advisors and other professionals to responsibly invest their income. But occasionally, financial professionals betray the trust of their clients and investors and make financially unsound decisions or worse – pocket investment funds for themselves. Such is the case of Will Allen, a former National… Read More »
Securities Fraud Suit Filed against Solazyme, Inc.
On June 29, 2015, the news media announced that a securities fraud class action lawsuit has been filed against Solazyme, Inc. in the U.S. District Court covering the northern district of California. The suit was filed on behalf of investors who held shares in Solazyme between February 27, 2014, and November 5, 2014. This… Read More »
The Pump-and-Dump: How False Tips Move Money from Your Pocket to Someone Else’s
As investment waters grow murkier and financial planning more specialized in today’s economy, securities fraud is increasingly common and complicated. What is an example of a typical securities fraud setup? The pump-and-dump is a common example, a fraudulent method of manipulating the price of a stock. It’s often carried out through the internet, focuses… Read More »
Inflating Earnings is More than Just Questionable – It’s Illegal
If you’re an average employee in a business environment, you probably know that being involved in fraudulent securities transactions can get you in big trouble. And if you’re the proprietor of a business or are making investments yourself, you likely know that your securities transactions and financial records are being scrutinized, particularly as recent… Read More »
