South Florida Arbitration & Litigation Lawyer Blog

AFFINITY FRAUD – The Friendly Killer! Affinity fraud refers to investment scams that prey upon members of identifiable groups, often religious or ethnic communities. The fraudsters who promote affinity scams frequently are – or pretend to be – members of the group. They often enlist respected leaders from within the group to spread the word…

Stock Broker Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: SEC v. Igors Nagaicevs, Case No. CV-12-0413 EDL (N.D. Cal. filed Jan. 26, 2012); In the Matter of Alchemy Ventures, Inc., KM Capital Management, LLC, Zanshin Enterprises, LLC, Mark H. Rogers, Steven D. Hotovec, Joshua A. Klein, Yisroel M.…

Penny Stock Fraud and Manipulation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. January, 2012: The Securities and Exchange Commission recently charged a Fort Lauderdale-based firm and its founder with conducting a fraudulent boiler room scheme in which they hyped stock in two thinly-traded penny stock companies while behind the scenes they sold the…

The Municipal Securities Rulemaking Board (MSRB) recently filed with the Securities and Exchange Commission (SEC) amendments to MSRB Rule G-14 which, if approved, would add inter-dealer yield data to the MSRB’s Electronic Municipal Market Access (EMMA®) website, among other changes. The EMMA website currently displays dollar prices and yields for municipal securities transactions between dealers…

Securities and Investment Litigation and FINRA Arbitration Fraud Attorney, Russell L. Forkey, Esq. January, 2012: The Securities and Exchange Commission recently announced that Diamondback Capital Management LLC has agreed to pay more than $9 million to settle insider-trading charges brought by the Commission on Jan. 18. The proposed settlement is subject to the approval of…

Securities and Investment Fraud Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. January, 2012: SEC v. Spyridon Adondakis, Anthony Chiasson, Sandeep Goyal, Jon Horvath, Danny Kuo, Todd Newman, Jesse Tortora, Diamondback Capital Management, LLC, and Level Global Investors, L.P., Civil Action 12-CV-0409 (SDNY)(PGG) SEC Charges Seven Fund Managers and Analysts In Insider Trading Scheme,…

Investment Advisor Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: SEC Obtains Emergency Relief Against St. Louis-Based Private Investment Funds after Charging Them and Their Principal with Fraud The Securities and Exchange Commission recently announced that it has obtained an emergency court order to freeze the assets of St.…

Securities and Investment Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. January, 2012: SEC V. BANKATLANTIC BANCORP., INC. AND ALAN LEVAN (UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF FLORIDA, CASE NO. 0:12-CV60082, FILED JANUARY 18, 2012) Recently, the Securities and Exchange Commission filed securities fraud charges against BankAtlantic Bancorp,…

We encourage all investors to thoroughly investigate any investment opportunity and the person promoting it before you part with your money-especially if you are a non-U.S. investor seeking to invest in U.S. stocks or other types of investments. This is particularly important if you learn about the investment on the Internet or hear about it…

Stock Broker Fraud and Misrepresentation Mutual Fund FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: SEC Charges UBS Global Asset Management for Pricing Violations in Mutual Fund Portfolios The Securities and Exchange Commission recently charged an investment advisory arm of UBS with failing to properly price securities in three mutual funds that…