Articles Posted in Broker/Dealer

Manhattan Beach Trading Financial Services dba MB Trading – South Florida Negligent Supervision FINRA Arbitration and Litigation Attorney: The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that…

Securities and Exchange Commission Sustains FINRA Disciplinary Action against Registered Representative and Supervisor The Securities and Exchange Commission has sustained disciplinary action by the Financial Industry Regulatory Authority (“FINRA”) against William J. Murphy and Carl M. Birkelbach, formerly associated with member firm Birkelbach Investment Securities, Inc. In its opinion, the Commission sustained FINRA’s finding of…

Naked Option – Florida Breach of Fiduciary Duty, Negligent Supervision and Mismanagement FINRA Arbitration and Litigation Attorney: A Naked Option is an option for which the buyer or seller has no underlying security position. A writer of a naked Call Option, therefore does not own a Long Position in the stock on which the call…

Municipal Bond and Municipal Security – Florida FINRA Arbitration and State and Federal Litigation Attorney: A Muni is a popular designation for a municipal security, especially a Municipal Bond. Municipal Bonds are debt obligations of a state or local government entity. The funds received by the entity may support general governmental needs or special projects.…

Securities and Exchange Commission v. Blake Richards, Civil Action No. 1:13-CV-1729 (N.D. Ga.) SEC Charges Atlanta-Area Registered Representative and Registered Investment Adviser Representative with Securities Fraud On May 23, the Securities and Exchange Commission filed an emergency action seeking a temporary restraining order and other emergency relief in federal court in the Northern District of…

Investment Banker – Florida Securities and Investment Abuse, Breach of Contract and Breach of Fiduciary Duty FINRA Arbitration and Business or Commercial Dispute State and Federal Litigation Attorney An Investment Banker is a firm, acting as an underwriter or agent, that serves as an intermediary between an issuer of securities and the investing public. Investment…

CMO REIT: South Florida Securities and Investment Fraud, Mismanagement, Misrepresentation, Breach of Fiduciary Duty and Breach of Contract FINRA Arbitration and State and Federal Litigation Attorney: A CMO Reit is a specialize type of Real Estate Investment Trust (REIT) that invests in the residual cash flows of Collateralized Mortgage Obligations (CMOs). CMO cash flows represent…

Chinese Wall – South Florida Breach of Contract, Breach of Fiduciary Duty, Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney: A Chinese Wall is an imaginary barrier between investment banking, corporate finance, and research departments of a brokerage firm and the sales and trading department. Because of the fact that the investment banking side, of…

Joseph Hilton a/k/a Joseph Yurkin Barred from the Securities Industry Joseph Hilton a/k/a Joseph Yurkin (Hilton), of Boca Raton, Florida, has been barred from the securities industry. The sanction was ordered in an administrative proceeding before an administrative law judge, following a February 2013 injunction against violations of the antifraud and registration provisions of the…

Final Judgments Entered against Connecticut-Based Investment Adviser and His Firm Charged with Stealing Investor Funds The Securities and Exchange Commission (“Commission”) recently announced that on May 16, 2013, the United States District Court for the District of Connecticut entered final judgments by consent in a previously filed enforcement action against Stephen B. Blankenship and his…