South Florida Arbitration & Litigation Lawyer Blog

Municipal Bond: In our continued effort to educate the investing public about various aspects of the securities markets, we are providing the below information. Because this information is being provided for educational purposes only, it should not be relied upon as providing legal or investment advice. Moreover, it is not intended to be complete in…

Military personnel are prime targets for the fraudulent and misleading sales practices of cold callers, INTERNET scams and other unscrupulous financial criminals. Members of the military have been targeted and exploited by such things as exorbitant-interest-rate payday loans, high fee investments, which are clearly unsuitable for them, inappropriate life insurance products, ID theft schemes and…

Elder abuse can take many forms. One of the most devastating and costly forms of elder financial abuse – investment fraud – is often perpetrated by trusted financial advisers or even family and friends. Senior consumers are increasingly targeted by con artists using investment related pitches, often in what the senior believes is a safe…

February, 2012: The Municipal Securities Rulemaking Board (MSRB) recently introduced a mobile-friendly version of its Electronic Municipal Market Access (EMMA®) website that optimizes certain elements of the municipal bond disclosure site for mobile display. “EMMA Mobile will help regular users navigate key features of the site from anywhere with a cell phone,” said MSRB Executive…

February, 2012: MSRB MAKES TRADE ALERTS AVAILABLE AND ENHANCES EMMA MARKET STATISTICS The Municipal Securities Rulemaking Board (MSRB) recently announced that investors and others now have the ability to be notified electronically when a specific bond trades in the municipal market. The MSRB also made improvements to municipal market trading statistics provided on its on…

SEC Proposes Rules to Help Prevent and Detect Identity Theft The Securities and Exchange Commission recently announced a rule proposal to help protect investors from identity theft by ensuring that broker-dealers, mutual funds, and other SEC-regulated entities create programs to detect and respond appropriately to red flags. The SEC issued the proposal jointly with the…

Selling Away and Outside Business Activity Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. February, 2012: The Securities and Exchange Commission Sustains Disciplinary Action Against Howard Braff The SEC recently announced that it has sustained disciplinary action against Howard Braff, formerly registered as a general securities representative, general securities principal, and…

Investment Advisor and Broker/Dealer Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. February, 2012: Securities and Exchange Commission v. Robert S. Woodruff, et al, Civ. No. 05-cv-480-MSK-CBS (D. Colorado). COURT ENTERS FINAL JUDGMENT AGAINST FORMER CFO OF QWEST COMMUNICATIONS INT’L ROBERT S. WOODRUFF The U.S. Securities and Exchange Commission recently announced…

You are a health care professional because your desire is to help people, especially seniors. You perform your job with the utmost care and professionalism. In diligently performing your duties, you are exposed to information about your clients that most other people do not see. For example, you can see, from a patient/client history or…

Broker/Dealer and Investment Advisor Fraud, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. February, 2012: SEC v. Mark Anthony Longoria, et al., Civil Action No. 11-CV- 0753 (SDNY) (JSR) SEC Obtains Final Judgments on Consent against Jason Pflaum and Walter Shimoon The SEC recently announced that the Honorable Jed S. Rakoff,…