South Florida Arbitration & Litigation Lawyer Blog

Adjustable Rate Preferred Stock: This post is designed to provide the reader with general information concerning what an adjustable rate preferred stock is. Please keep in mind that this information is being provided for informational purposes only and is not designed to be complete in all material respects. Thus, it should not be relied upon…

Tax-Exempt Security: This post is designed to provide the reader with general information concerning what constitutes a tax-exempt security and how it is treated for tax purposes. Please keep in mind that this information is being provided for informational purposes only and is not designed to be complete in all material respects. Thus, it should…

What is a “tax shelter” and what is an “abusive” tax shelter? This post is designed to provide the reader with general information concerning tax shelters as a concept and what constitutes an abusive tax shelter. Please keep in mind that this information is being provided for informational purposes only and is not designed to…

Fort Lauderdale and Boca Raton, Florida Municipal Securities Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. June, 2012: In our continued attempt to keep members of the investing public abreast of current developments, we have provided a copy of a recent release issued by the Municipal Securities Rule Making Board (MSRB)…

Securities Fraud, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. June, 2012: SEC Charges Two New Jersey-Based Firms and Owner in Stock-Lending Scheme The Securities and Exchange Commission recently charged a New Jersey businessman with running a stock-lending scheme that defrauded public company officials and brought restricted stock to the market.…

South Florida Broker/Dealer Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. June, 2012: SEC Charges Florida Broker in Astrology-Based Ponzi Scheme The Securities and Exchange Commission recently charged that a former broker in Orlando, Fla., defrauded investors in an astrology-based Ponzi scheme. The SEC alleges that Gurudeo “Buddy” Persaud lured family,…

Investment Advisor and Broker Dealer Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. June, 2012: SEC Charges Massachusetts Investment Adviser With Fraud and Obtains Preliminary Injunction and Asset Freeze The Securities and Exchange Commission recently announced that it has charged Gary J. Martel of Chelsea, Massachusetts with defrauding investors. The Commission’s…

Securities Fraud and Misrepresentation Litigation and FINRA Attorney, Russell L. Forkey, Esq. June, 2012: SEC v. Jeffrey L. Mowen, Thomas R. Fry, Bevan J. Wilde, Gary W. Hansen, Michael G. Butcher, James B. Mooring, David G. Bartholomew, and Michael W. Averett, Case No. 2:09-cv-00786-DB/PMW (D. Utah) Promoters of Convicted Ponzi Scheme Operator Jeffrey L. Mowen…

REVISED DEFINITION OF SOPHISTICATED MUNICIPAL MARKET PROFESSIONAL June, 2012: The Municipal Securities Rulemaking Board (MSRB) recently announced that it received approval from the Securities and Exchange Commission (SEC) to redefine those institutional investors capable of independently evaluating investment risks and market value of municipal securities, and exercising independent judgment in evaluating recommendations of a municipal…

Investment Advisor and Broker/Dealer Investment Fraud and Mismanagement Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. June, 2012: The Securities and Exchange Commission recently charged a Miami-based hedge fund adviser for deceiving investors about whether its executives had personally invested in a Latin America-focused hedge fund. The SEC’s investigation found that Quantek Asset Management…