Articles Posted in Investment Advisor

Form U4 – Uniform Application for Securities Industry Registration or Transfer – South Florida Broker/Dealer and Account Executive Alert. The Form U4 is the Uniform Application for Securities Industry Registration or Transfer. Representatives of broker-dealers, investment advisers, or issuers of securities must use the Form U4 to become registered in the appropriate jurisdictions and with…

Program Trading – Boca Raton, West Palm Beach, Hollywood and Fort Lauderdale, Florida Investment Loss – FINRA Arbitration and Litigation Attorney: Program Trading is a computer-driven buying (buy program) or selling (sell program) of baskets of stocks by index arbitrage specialists of institutional traders. “Program” refers to computer programs that constantly monitor stock, futures, and…

Taxable Municipal Bond – South Florida Bond Investment Fraud, Mismanagement and Misrepresentation, FINRA Arbitration and Litigation Attorney: A taxable municipal bond is a taxable debt obligation of a state or local governmental entity. Taxable municipal bond are issued as private purpose bonds to finance such projects as a sports stadium, as municipal revenue bonds where…

In the Matter of Steven J. Brewer: On July 12, 2013, the Securities and Exchange Commission announced the issuance of an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Exchange Act) and Section 203(f) of the Investment Advisers Act of 1940 (Advisers Act), Making Findings and Imposing Remedial…

The Securities and Exchange Commission Sanctions Johnny Clifton for Antifraud and Failure to Supervise Violations The Securities and Exchange Commission (Commission) recently announced that it barred Johnny Clifton, who was president, chief executive officer, and principal of MPG Financial, LLC, a former Commission-registered broker-dealer, from associating with any broker, dealer, investment adviser, municipal securities dealer,…

Yield to Maturity (YTM) – South Florida Breach of Fiduciary Duty, Negligent Supervision and Breach of Contract Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. “Yield to Maturity” is a concept used to determine the rate of return an investor will receive if a long-term, interest-bearing investment, such as a bond is held to…

Securities and Exchange Commission v. MayfieldGentry Realty Advisors, LLC, et al., Civil Action No. 13-cv-12520 (E.D. Mich.) SEC Charges Top Officials At Investment Adviser in Scheme to Hide Theft from Pension Fund of Detroit Police and Firefighters The Securities and Exchange Commission (“SEC”) recently charged the leader of a Detroit-based investment adviser for stealing nearly…

Securities and Exchange Commission v. John A. Grant, Sage Advisory Group, LLC and Benjamin Lee Grant, Civil Action No. 1:11-CV-11538 (GAO) (D. Mass.) SEC Obtains Final Judgment and Issues Administrative Orders Against John A. (“Jack”) Grant The Securities and Exchange Commission recently announced that on May 17, 2013, the Honorable George A. O’Toole Jr. of…

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…

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…