Professional Athletes Beware Of Placing Too Much Trust In Your Financial Advisors – South Florida Financial Advisor Litigation and Arbitration Attorney SEC: Financial Adviser Defrauded Pro Athletes and Lied to SEC Examiners The Securities and Exchange Commission recently announced fraud charges against a Pittsburgh, Pa.-based financial adviser accused of taking money…
Professional Athletes – South Florida Investment Fraud Litigation and Arbitration Attorney Securities and Exchange Commission v. Capital Financial Partners, LLC et al., Civil Action No. 15-cv-11447-IT SEC Obtains Asset Freezes in Ponzi Scheme Involving Loans to Professional Athletes The Securities and Exchange Commission recently announced fraud charges against a former professional…
Securities and Exchange Commission v. Robert A. Gist, et al., Civil Action No. 1:13-cv-01833-AT (N.D.Ga., May 31, 2013) SEC Charges Atlanta Attorney with Converting Investor Funds Recently, the Securities and Exchange Commission charged Robert A. Gist (“Gist”), an Atlanta attorney and former sports agent, and Gist, Kennedy & Associates, Inc.…
Jeffrey Rubin, Registered Representative, Lighthouse Point, Florida: FINRA Bars Florida Broker for Unsuitable Recommendations and Unapproved Securities Transactions Involving 31 NFL Players The Financial Industry Regulatory Authority (FINRA) recently announced that it has barred broker Jeffrey Rubin of Lighthouse Point, Florida, from the securities industry for making unsuitable recommendations to…
SEC Charges College Football Hall of Fame Coach in $80 Million Ponzi Scheme August, 2012: The Securities and Exchange Commission recently announced fraud charges against a former college football coach who teamed with an Ohio man to conduct an $80 million Ponzi scheme that included other college coaches and former…
Securities and Exchange Commission v. James V. Mazzo, David L. Parker and Eddie C. Murray, Case No. SACV-121327JST-(JPRX) (C.D. Cal. Aug. 17, 2011) NEW CHARGES IN INSIDER TRADING CASE INCLUDE FORMER CEO AND PROFESSIONAL BASEBALL PLAYER The Securities and Exchange Commission recently announced a second round of charges in an…
The FINRA Foundation and the NFL Have Up to Help Incoming Players Avoid Investment Fraud and Make Smart Financial Decisions WASHINGTON – The Financial Industry Regulatory Authority (FINRA) Investor Education Foundation and the National Football League (NFL) announced that they are working together to help incoming NFL players spot and…
Michael Vick’s ex-advisor, Mary Wong sentenced to more than five years in prison for running a Ponzi scheme. A former financial adviser to Michael Vick and several other NFL players has been sentenced to more than five years in prison for stealing more than $3 million from the players in…
Investment Concerns for Professional Athletes As a professional athlete, you are exposed to financial issues that are much different from those faced by the average investor. A professional athlete’s career is much shorter than the average investor. The major difference is that the peak earning years, of a professional athlete,…