Tag Archives: Florida Investment Fraud Attorneys
South Florida Broker Suspended for Eight Months for Unsuitable Investment Recommendations
David H. Fagenson (CRD#: 1652012) is an actively registered securities broker and investment advisor. Since December of 2016, Mr. Fagenson has been employed at Newbridge Securities Corporation in Boca Raton, Florida. Previously, this representative was also associated with UBS Financial Services (2010 to 2016) and Merrill Lynch (2004 to 2010). On November 21st, 2018,… Read More »
South Florida Broker Barred for Taking Money From Elderly Investor
Earlier this year, the Financial Industry Regulatory Authority (FINRA) announced that Jimmy Oswald Moscoso (CRD#: 2912265), a registered broker based in South Florida, has been permanently barred from the securities industry. Mr. Moscoso was accused of misusing the funds of a vulnerable, elderly investor. In this post, our experienced Miami investment fraud attorneys detail… Read More »
SEC Shuts Down $85 Million Ponzi Schemes; Investors Were Falsely Informed Land Was Being Purchased in Florida
On May 1st, the Securities and Exchange Commission (SEC) announced that it had recently shut down an $85 million Ponzi scheme that had ties to the state of Florida. In a legal complaint that was unsealed in the United States District Court for the Southern District of Mississippi, the SEC alleges that Arthur Lamar… Read More »
FINRA Arbitration Panel Awards $1.88 Million to Investors in Puerto Rico Bond Case
On March 28th, 2018, a FINRA arbitration panel based in San Juan, Puerto Rico found UBS Financial Services and UBS Financial Services of Puerto Rico legally liable for $1.88 million in losses sustained by two investors and one retirement fund. The investment products at issue in this case were Puerto Rico closed-end and Puerto… Read More »
SEC Uncovers Concert Ticket Investment Scam
On September 6th, 2017, the Securities and Exchange Commission (SEC) charged Craig Carton, a prominent sports radio host from New York City, with investment fraud. According to the agency, Mr. Carton, along with his co-conspirator, Joseph Meli, stole millions of dollars from innocent investors. The SEC alleges that this the duo used a complex… Read More »
FINRA Takes Disciplinary Action Against New Jersey Financial Adviser
The Financial Industry Regulatory Authority (FINRA) recently suspended Alex Etter for two years for misconduct he committed while he was a registered financial adviser. According to investigators, Etter put his personal financial interests and the interests of his firm ahead of that of his clients. In doing so, his brokerage company netted more than… Read More »
Former Movie Producer Allegedly Defrauds Investors Out of Millions
The Securities and Exchange Commission (SEC) has charged a former movie producer with investment fraud. According to the complaint from the agency, which was recently filed in Southern District of New York, David R. Bergstein bilked investors out of more than $5 million. The SEC alleges that $2.3 million was intentionally misappropriated and another… Read More »
Retired NFL Superstar Patrick Willis Sues Ex-Business Partner for Investment Fraud
In 2015, All-Pro NFL linebacker Patrick Willis surprised many when he cut his NFL career short and headed to Silicon Valley. Willis invested in, and took an executive position with, upstart tech company Open Source Storage. He also relied on the company’s principal, Eren Niazi, to invest in several other projects. Unfortunately, it appears… Read More »
