South Florida Arbitration & Litigation Lawyer Blog

Oil and Gas Fraud – Targeting Foregin Investors: In our continuing effort to keep foreign investors appraised on investment frauds directed toward them, we are providing you with a copy of a recent Securities and Exchange Commission litigation release concerning an investment that focused on individuals primarily located in Australia, England and Canada. We have…

SEC Approves Consolidated FINRA Rules Governing Know-Your-Customer: Effective October 7, 2011, new consolidated FINRA rules governing your broker/dealer’s and your account executive’s know-your-customer and suitability obligations become effective for the consolidated FINRA rulebook. The new rules are based in part on and replace provisions in the NASD and NYSE rules. These rules are of critical…

As I have indicated on my website, the Securities and Exchange Commission has filed an enforcement against against Charles Schwab and others, which was filed on January 11, 2011. Not to be out done, FINRA also filed an action against Charles Schwab and ordered Charles Schwab to Pay $18 Million to Investors for Improper Marketing…

In reading the following post, it is important to bear in mind that Securities America Inc. only acted as the placement agent for approximately 37% of the total notes issued by Medical Capital Holdings, Inc. (MedCap.). Consequently, if you have lost money as a result of your investment therein through another broker/dealer, don’t lose hope.…

Reverse Convertibles are having the Reverse Effect on Client Profitability – Boca Raton, Florida Arbitration and Litigation Attorney: In 2010 banks sold in excess of $6 billion of bonds linked to the performance of stocks, promising substantial returns far exceeding CD and money market rates. The promised returns were generally even more than could be…

Greed vs. Doing the Right Thing Recently, in a settlement with the Securities and Exchange Commission (SEC), Paul George Chironis, a Long Island, N.Y.-based broker, agreed to pay a $100,000 penalty and $250,000 in disgorgement. The money will be placed in a fair fund and distributed to the Sisters of Charity, a congregation of mostly…

Every once in a while, it is important for seniors to remember that there are people and companies that operate without any remorse in taking your money. Here are a few tips to paste on to your refrigerator to remind yourself of some very fundamental things that you can do to try and protect yourself…

South Florida Elder Abuse and Investment Fraud and Breach of Fiduciary Duty FINRA Arbitration and Litigation Attorney: As an investor or as someone contemplating investing, you should be aware that certain types of conduct in the securities industry are prohibited by statute, rules or regulations. The following list highlights some of the most common prohibited…

While this post does not relate exclusiverly to the Madoff situation that has impacted so many people throughout the country, legislation that would have provided tax breaks to Ponzi scheme victims failed to make it out of committee. While support for companion bills HR 5058 and S 3166 had continued growing over several months, neither…

There are many types of affinity fraud. An example of cultural affinity fraud is reflected by the below described litigation release issued by the Securities and Exchange Commission on December 22, 2010 in the case of Securities and Exchange Commission v. Amit V. Patel, Civil Action No. 0:10-cv-04937 (D. Minn.) In the release, the SEC…