South Florida Arbitration & Litigation Lawyer Blog

Money is lost in two general ways. Either you make bad investment decisions on your own, which may be based upon your not thinking trough all potential pitfalls, not having sufficient knowledge or ability to make an intelligent investment decision or blindly rely upon what others tell you which ends up being false because it…

Investment and Securities Fraud and Misrepresentation Litigation and FINRA Arbitration Lawyer, Russell L. Forkey, Esq. January, 2012: United States Securities Exchange Commission v. Imperiali, Inc., Daniel Imperato, Charles Fiscina, and Lawrence O’Donnell Civil Action No. 9:12-cv-80021 (S.D. Fla.)(January 9, 2012) SEC Charges Issuer, Officers and Auditor with Fraud Recently, the Securities and Exchange Commission charged…

Investment and Securities Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. January, 2012: SEC v. Earl C. Arrowood and Parker H. “Pete” Petit, Civil Action No. 1:12-cv-00082-RWS SEC Charges Earl C. Arrowood and Parker H. “Pete” Petit with Insider Trading Recently, the Securities and Exchange Commission filed a civil injunctive action…

Securities and Investment Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. January, 2012: SEC v. Allen E. Weintraub and AWMS Acquisitions, Inc., d/b/a Sterling Global Holdings, Case No. 11-21549-CIV-HUCK/BANDSTRA (S.D.Fla.) SEC WINS JUDGMENTS AGAINST ALLEN E. WEINTRAUB AND AWMS ACQUISITIONS, INC. FOR MAKING PHONY TENDER OFFERS FOR EASTMAN KODAK AND AMR…

Investors’ use of Facebook,Twitter and other social media websites as an investing tool has increased substantially in recent years. Investors who use social media websites for investing should be mindful of the various features on these websites in order to protect their privacy and help avoid fraud. Consequently, please be mindful of the following: Privacy…

While fraudsters are constantly changing the way they approach victims on the Internet, there are a number of common scams of which you should be aware. Here are a few examples of the types of schemes you should be on the lookout for when using social media: “Pump-and-Dumps” and Market Manipulations: “Pump-and-dump” schemes involve the…

It is a fact that U.S. retail investors are increasingly turning to social media, including Facebook,YouTube,Twitter, LinkedIn and other online networks for information about investing. Whether it be for research on particular stocks, background information on a broker-dealer or investment adviser, guidance on an overall investing strategy, up-to-date news, or to simply discuss the markets…

Securities and Investment Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. January, 2012: Securities and Exchange Commission v. Todd Farha, et al., Civil Action No. 8:12-cv-00047-SDM-MAP (M.D. Fla., January 9, 2012) SEC BRINGS FRAUD AND INSIDER TRADING CHARGES AGAINST THREE FORMER WELLCARE EXECUTIVES Recently, the Securities and Exchange Commission (“Commission”) filed…

January, 2012: The Securities and Exchange Commission recently charged an Illinois-based investment adviser with offering to sell fictitious securities on LinkedIn. The SEC’s Division of Enforcement alleges that Anthony Fields of Lyons, Ill. offered more than $500 billion in fictitious securities through various social media websites. For example, he used LinkedIn discussions to promote fictitious…

This last post, in the series of ever changing FINRA enforcement horizon, contains a summary of enforcement actions that the average investor would apt to be exposed to. However, please keep in mind that this list is not exhaustive. Individuals are always trying to come up with new ways to separate an individual from their…