Author Archives: Staff
Nearly $40 Million Awarded to a Whistleblower By the SEC
On July 17th, 2024, the Securities and Exchange Commission (SEC) announced that nearly $40 million in financial compensation had been awarded to a whistleblower. According to the agency, the individual provided new information and cooperated with investigators—leading to successful enforcement action. Here, our Miami SEC whistleblower lawyer discusses the award in more detail. Whistleblower… Read More »
Miami Broker Fined, Suspended for FINRA Violations
Ariel A. Rivero (CRD #4236679) is a previously registered investment adviser (RIA) and securities broker. From May of 2016 to January of 2022, Mr. Rivero was a representative of Jefferies LLC in Miami. Subsequently, he was associated with Insigneo Securities LLC in Coral Gables. In May of 2024, the Financial Industry Regulatory Authority (FINRA)… Read More »
Florida Broker Suspended for Two Months for FINRA Violations
Nathaniel Walter Adams (CRD#: 5703267) is a previously registered investment adviser (RIA) and previously licensed securities broker. From 2016 to 2022, Mr. Adams was a representative of Infinex Investments in Lakes Wales. For three months in 2022, he worked at LPL Financial, LLC. Finally, from November of 2022 to May of 2023, Mr. Adams… Read More »
SEC Takes Enforcement Action Against South Florida Company
On June 24th, 2024, the Securities and Exchange Commission (SEC) announced enforcement action against a South Florida investment entity. In the case of BorrowMoney.com, Inc. and Aldo Piscitello, the SEC alleges fraud on the part of the company and its sole officer and majority shareholder. In this blog post, our Miami securities fraud attorney… Read More »
FINRA Complaint: Florida Broker Charged With Unsuitable Investment Recommendations
Michael Charles Grande (CRD No. 1219255) is a previously registered securities broker. From November of 2005 to May of 2022, Mr. Grande was a registered representative of Newbridge Securities Corporation in Fort Lauderdale, Florida. FINRA has filed a complaint against his financial advisor (Disciplinary Proceeding No. 2018060128401). The agency contends that Mr. Grande failed… Read More »
Cryptocurrency Promoter from Florida Pleads Guilty in Investment Fraud Case
On June 5th, 2024, the Securities and Exchange Commission (SEC) announced that Juan Tacuri—a 46-year-old man from Greenacres, Florida—has pleaded guilty to securities fraud charges in a cryptocurrency case. Mr. Tacuri pleaded guilty to wire fraud securities charges in relation to an alleged multi-million dollar fraud scheme. Within this blog post, our Miami investment… Read More »
Wells Fargo Facing $300 Million Civil Lawsuit for “Aiding and Abetting” Ponzi Scheme
According to reporting from the Sun Sentinel, Wells Fargo—the large San Francisco-based financial services company—is facing a $300 million civil lawsuit for its alleged role in “aiding and abetting” a Ponzi scheme. The underlying scheme relates to Seeman Holtz insurance company. Here, our Miami Ponzi scheme attorney discusses the case in more detail. Background:… Read More »
Miami-Based Brokerage Firm Cited for Securities Law Violations
Creand Securities (CRD#: 38964/SEC#: 8-48481) is a brokerage firm based in Miami, Florida. The firm is licensed to operate in 14 states and territories. In May of 2024, the Financial Industry Regulatory Authority (FINRA) took disciplinary action against Creand Securities (Case No. 2020065127101). The broker-dealer was cited for violating customer reserve requirements. Here, our… Read More »
Florida Broker Suspended for Improperly Exercising Trading Discretion Without Proper Authorization
Thomas Bradley Kintz (CRD #2667817) is a previously registered broker and previously registered investment adviser (RIA). From February of 2017 to May of 2022, Mr. Kintz was a representative of Benjamin F. Edwards & Company. Inc. in Boynton Beach, Florida. In March of 2024. Mr. Kintz was fined and suspended by the Financial Industry… Read More »
FINRA Suspends Securities Broker from Florida for Five Months for Violations Regarding Private Placements
Todd Arnold Havemeister (CRD #1942953) is a registered investment adviser. From August of 2018 to May of 2022, Mr. Havemeister was a representative of Great Point Capital, LLC in Melbourne, Florida. In 2022, he was permitted to resign from that brokerage after allegedly misrepresenting himself in retail communications. Notably, the Financial Industry Regulatory Authority… Read More »
