Articles Posted in Firm News

The State of Florida has adopted its own version of the Uniform Commercial Code (UCC). The UCC, for most people including some lawyers, is not a easy statute to understand. Thus, if you believe that you have a claim under the UCC, prudence would suggest that you contact a qualified professional to represent your interests.…

The purpose of this post is to raise investor awareness concerning phony Certificates of Deposits (CDs) promoted through internet advertising and “spoofed” websites – websites that mimic the actual sites of legitimate financial instructions. Investors should be extremely cautious when purchasing CDs from sites found only though internet searches. Please keep in mind that this…

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 FINRA elects to institute an enforcement action, firms and licensed individuals have the responsibility to reflect such action…

South Florida Customer Protection and Negligent Supervision FINRA Arbitration and Litigation Attorney: SEC Charges Texas-Based Brokerage Firm With Violating Supervisory and Customer Protection Rules: The Securities and Exchange Commission recently charged an Irving, Texas-based brokerage firm with violating key customer protection rules after failing to adequately supervise registered representatives who misappropriated customer funds. H.D. Vest…

South Florida Securities and Investment Fraud, Misrepresentation and Breach of Fiduciary Duty FINRA Arbitration and Litigation Attorney: Securities and Exchange Commission v. Persaud, Civil Action No. 12-cv-932-Orl-28GJK District Court Enters Final Judgment Against Defendant Gurudeo Persaud The Commission announced that on January 29, 2014, the United States District Court for the Middle District of Florida…

SEC Charges China Affiliates of Big Four Accounting Firms with Violating U.S. Securities Laws in Refusing to Produce Documents The Securities and Exchange Commission recently began administrative proceedings against the China affiliates of each of the Big Four accounting firms and another large U.S. accounting firm for refusing to produce audit work papers and other…

Theft and Unauthorized Activity FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. February, 2012: Maureen Ann Burke (CRD #1323987, Registered Rep., Chelsea, Massachusetts) submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Burke consented to…

Securities and Investment Fraud, Misrepresentation and Statutory Violation 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 issues or matters that have a…

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…

Fake Check Scams are alive and well. The people behind these scams are brazen in all aspects of their fraudulent conduct. Just to demonstrate how aggressive these people are, I have had these fraudsters attempt to pull the scam on me. Here are a few tips for recognizing and avoiding fake check scams. If someone…