South Florida Arbitration & Litigation Lawyer Blog

May, 2012: Securities and Exchange Commission v. GLR Capital Management, LLC, GLR Advisors, LLC, Geringer, Luck & Rode LLC, John A. Geringer, and Relief Defendant GLR Growth Fund, L.P., Civil Action No. 12-02663 (U.S. District Court for the Northern District of California, filed May 24, 2012) SEC CHARGES NORTHERN CALIFORNIA FUND MANAGER IN $60 MILLION…

May, 2012: FINRA Proposed Rule Change Relating to the Handling of Stop and Stop Limit Orders http://www.finra.org/Industry/Regulation/RuleFilings/2012/index.htm Many investors use Stop or Stop Limit Orders as part of their investment strategy. Therefore, it is important to stay abreast of proposed changes that may effect that strategy. Consequently, it is important that you read the proposed…

FINRA Arbitration and Litigation Attorney Russell L. Forkey, Esq. May, 2012: MSRB ESTABLISHES NEW PROTECTIONS FOR STATE AND LOCAL GOVERNMENTS THAT ISSUE BONDS The Municipal Securities Rulemaking Board (MSRB) recently announced that, beginning in August, underwriters of municipal securities will be required to disclose to their state and local government clients risks about complex financial…

Investment Advisor and Broker/Dealer Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. May, 2012: Securities and Exchange Commission v. A.L. Waters Capital, LLC, et al., Civil Action No. 12-cv-10783-DJC (District of Massachusetts) Commission Obtains Preliminary Injunction and Asset Freeze Against Massachusetts-Based Parties Who Misappropriated Investor Funds The Securities and Exchange Commission…

Securities Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. May, 2012: SEC Charges U.S. Perpetrators in $35 Million International Boiler Room Scheme The Securities and Exchange Commission recently charged a Hawaii resident and two firms he used to orchestrate a scheme in which he covertly founded small companies, installed management, and…

Securities Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. May, 2012: SEC Charges New Jersey Man in Real Estate Investment Scam The Securities and Exchange Commission recently charged a New Jersey man with operating a Ponzi-like scheme involving a series of investment vehicles formed for the purported purpose of purchasing and…

FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. May, 2012: Proposed Rule Change to Adopt FINRA Rule 5270 (Front Running of Block Transactions) in Consolidated FINRA Rule Book. There are many variations of front running. Generally, front running is a practice whereby a securities trader takes a position to capitalize on advance knowledge of…

Investment Advisor and Broker/Dealer Fraud and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. May, 2012: Securities and Exchange Commission v. Mark F. Spangler and The Spangler Group, Inc., Civil Action No. 2:12-cv-00856 (U.S. District Court for the Western District of Washington, filed May 17 2012) SEC CHARGES SEATTLE-BASED FUND MANAGER FOR SECRETLY…

The purpose of this post is to provide the reader with information relative to recently proposed or adopted rule changes issued by the Financial Industry Regulatory Authority (FINRA), in addition to Guidance Releases relating to the interruptation of these rules. This information is being provided for informational purposes only. Thus, it should not be relied…

Securities Fraud, Misrepresentation and Mismanagement Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. May, 2012: SEC v. David Blech and Margaret Chassman, Civil Action No. 12-Civ-3703 (AJN) Recently, the Securities and Exchange Commission charged a Manhattan resident with carrying out a complex market manipulation scheme in biopharmaceutical stocks after he was kicked out of…