South Florida Arbitration & Litigation Lawyer Blog

FINRA rules require that account executives observe high standards of commercial honor and just and equitable principles of trade in dealing with you, the customer. FINRA rules also prohibit any manipulative, deceptive, or fraudulent actions (NASD Rules 2110 and 2120). However, sometimes an investor will run into an unscrupulous account executive who will lie, cheat…

A alleged story of the greed of a few causing the suffering of many. The Securities and Exchange Commission recently charged six former top executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) with securities fraud, alleging they knew and approved of misleading statements claiming the…

In our next installment of it would be funny if it were not true, the SEC recently has had to sue SIPC to attempt to force SIPC to begin the liquidation of Stanford Group Company. Recently, the Securities and Exchange Commission filed an application with the federal district court in the District of Columbia to…

Securities and Investment Fraud Litigation Attorney, Russell L. Forkey, Esq. December, 2011: SEC v. Marcin Malarz et al., Case No. 11-cv-8803 (N.D. Ill., filed December 12, 2011). SEC Charges Three Individuals in Chicago-Area Offering Fraud The Securities and Exchange Commission recently announced that it filed a civil injunctive action alleging fraud in the unregistered offer…

Public Shell Packaging Fraud and Misrepresentation Litigation Lawyer, Russell L. Forkey, Esq. December, 2011: SEC Charges “Shell Packagers” and Several Others in Penny Stock Scheme Recently, the Securities and Exchange Commission charged a shell packaging firm and several others involved in a penny stock scheme to issue purportedly unrestricted shares in the public markets. The…

Penny Stock and Micro-Cap Stock Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. December, 2011: Securities and Exchange Commission v. Geoffrey J. Eiten and National Financial Communications Corp., 1:11-CV-12185 (District of Massachusetts, Complaint filed December 12, 2011). SEC CHARGES MASSACHUSETTS-BASED PENNY STOCK PROMOTER WITH MAKING FRAUDULENT STATEMENTS The Securities and Exchange…

Florida State and Federal Securities and Investment Fraud, Misrepresentation and Sale of Unregistered Securities Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. The Securities and Exchange Commission periodically announces enforcement actions that have recently been filed by it. Periodically, we review these actions and provide selective information concerning what we feel relate to important…

South Florida Senior, Elder and Retirement Financial Abuse and Exploitation FINRA Arbitration, Litigation and Probate Estate Attorney: Should you risk your home to invest in stocks, bonds, mutual funds or other investments? In our opinion, the answer is no. Over the years, in our representing investors, those individuals that have been impacted the most by…

Stock-Based Loan Programs: What Investors Need to Know: Investors who need cash-or who want to tap the value of their investment portfolios without selling their investments-might be tempted to apply for a “stock-based loan,” pledging fully paid securities as collateral for the loan. As recent FINRA enforcement actions confirm, stock-based loan programs can be risky,…