Recent Blog Posts
Florida Broker Fined, Suspended By FINRA for Improper Use of Discretion in Customer Account
Glenn Allen Donnell (CRD #2239397) is a registered broker. From 1998 to 2020, Mr. Donnell was a representative of Investacorp in Crystal River, Florida. Subsequently, the broker was also associated with Securities America, Inc. and Sigma Financial Corporation—also in Crystal River. Mr. Donnell has been fined and suspended for improperly exercising trading discretion in… Read More »
SEC Charges Florida Resident in $1.6 Million Ponzi Scheme Case
On October 30th, 2024, the Securities and Exchange Commission (SEC) announced that a Florida resident has been charged as part of a $1.6 million Ponzi scheme. The scheme in question was reportedly targeted at the Serbian-American community. Dusan Varga allegedly used his company Pannon Investment Advisors LLC to defraud investors. Within this article, our… Read More »
FINRA Expels North Miami Securities Firm
On August 26th, 2024, the Financial Industry Regulatory Authority (FINRA) announced the expulsion of a Miami-based securities company called Bananafina LLC from the securities industry (FINRA Case #2023077678601). FINRA determined that the firm failed to substantially cooperate with an investigation into its practices in violation of securities industry rules. Here, our Miami securities fraud… Read More »
Florida Broker Fined and Suspended for FINRA Violation
John Rollin Revelle (CRD #5619752) is a previously registered securities broker. Most recently, Mr. Revelle was associated with Merrill Lynch in Daytona Beach Florida (November of 2019 to September of 2022). Recently, the Financial Industry Regulatory Authority (FINRA) fined and suspended Mr. Revelle for violations of securities regulations. Here, our Miami FINRA arbitration attorney… Read More »
SEC Holds Florida Company Liable for Securities Law Violations (Misrepresentation of Technology in Statements to Investors)
On October 15th, 2024, the Securities and Exchange Commission (SEC) announced that a Florida company is being held liable for securities law violations for making material misrepresentations to investors. Destiny Robotics Corp—a Miami-based artificial intelligence (AI) start-up—and its owner Megi Kavtaradze allegedly raised more than $140,000 from investors on fraudulent grounds. Here, our Miami… Read More »
Joint Whistleblowers Awarded $12 Million By SEC
On October 10th, 2024, the Securities and Exchange Commission (SEC) announced a $12 million award to a group of joint whistleblowers. The award will be split among three whistleblowers whose critical information helped the federal agency take enforcement action to stop fraud. Here, our SEC whistleblower rights attorney discusses the joint whistleblower award in… Read More »
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 »
