Author Archives: Staff
Florida Investment Advisory Firm Charged By SEC for Whistleblower Violations
On September 26th, 2024, the Securities and Exchange Commission (SEC) announced charges against a Florida-based investment advisory firm. The federal agency determined that GQG Partners LLC used employment contracts to improperly dissuade whistleblower activity. The investment advisory firm agreed to settle the matter without admitting any wrongdoing. Here, our SEC whistleblower rights attorney discusses… Read More »
SEC Charges Three With Penny Stock Fraud in Florida
On September 23rd, 2024, the Securities and Exchange Commission (SEC) announced civil securities fraud charges against three people in Florida: Benjamin Ballout, Mohamed Zayed, and William Fielding. They are accused of engaging in a penny stock fraud scheme—a classic “pump and dump” operation—related to the publicly traded stock for Enerkon Solar International, Inc. In… Read More »
SEC Brings Insider Trading Complaint in Florida
On September 16th, 2024, the Securities and Exchange Commission (SEC) brought an insider trading complaint against multiple people in Florida. The SEC contends that Federico Nannini, Mauro Nannini, Alejandro Thermiotis, and Francisco Tonarely engaged in a seven figure insider trading scheme. Below, our Miami securities fraud lawyer discusses the allegations. The Charges: Insider Trading … Read More »
SEC Charges Seven Public Companies for Whistleblower Rule Violations
On September 9th, 2024, the Securities and Exchange Commission (SEC) announced that seven public companies are facing sanctions for violation of the securities industry whistleblower laws under the Dodd–Frank Wall Street Reform and Consumer Protection Act. Within this article, our Miami SEC whistleblower protection lawyer discusses the sanctions and the regulations. Enforcement Action: Companies… Read More »
SEC Issues Two Whistleblower Awards, Nearly $100 Million
On August 23rd, 2024, the Securities and Exchange Commission (SEC) issued two whistleblower awards totaling nearly $100 million. Together, the information provided by these whistleblowers contributed to successful enforcement action in a major securities fraud case. Here, our Miami SEC whistleblower rights attorney provides a more detailed overview of the awards. SEC Whistleblower Award:… Read More »
SEC Awards a Collective $24 Million in Compensation to Two Whistleblowers
On August 26th, 2024, the Securities and Exchange Commission (SEC) announced that two whistleblowers have been awarded a collective $24 million in financial compensation. One whistleblower received $20 million and the other whistleblower received $4 million. The SEC granted one whistleblower a larger award based on the importance of their information. Here, our SEC… Read More »
SEC Charges Atlanta-Based Financial Advisor With a $300 Million Ponzi Scheme, Florida Investors Were Impacted
On August 14th, 2024, the Securities and Exchange Commission (SEC) announced investment fraud charges against an Atlanta-based financial advisor. Russell Todd Burkhalter stands accused of operating a $300 million Ponzi scheme. The SEC notes that approximately 2,000 investors were affected, including many investors from Florida. Here, our Miami Ponzi scheme attorney provides a more… Read More »
SEC Brings Charges in $650 Million Cryptocurrency Fraud Case in Florida
On August 12th, 2024, the Securities and Exchange Commission (SEC) charged NovaTech and its principals as part of a cryptocurrency fraud case in a federal court in Florida. Cynthia Petion and Eddy Petion stand accused of defrauding many investors in Florida and throughout the United States. Six more defendants associated with the company—James Corbett,… Read More »
SEC Charges Florida Resident With Insider Trading
On July 30th, 2024, the Securities and Exchange Commission (SEC) confirmed that a Florida resident has been charged with insider trading. In a complaint brought in the United States District Court for the Southern District of Florida, the SEC alleges that Charles Baugh—a man from Palm Beach County—knowingly violated anti-fraud provisions of the federal… Read More »
Two Sales Agents in Florida Charged By SEC for Role in $110 Million Ponzi Scheme
On July 19th, 2024, the Securities and Exchange Commission (SEC) confirmed that two sales agents have been charged with fraud in connection with a $110 million Ponzi scheme case. Ricardi Celicourt and Brisly Guillaume are facing charges for violations of federal securities law. Here, our Miami Ponzi scheme lawyer provides a more comprehensive overview… Read More »
