Tag Archives: Miami Investment and Financial Lawyer
California Lawyer Charged With Stealing Investor Money
Recently, the Securities and Exchange Commission (SEC) announced several charges against Emilio Francisco, an Orange County, California-based lawyer for his role in a multi-million dollar investment fraud scheme. According to the agency, Francisco conducted a large scale fraud targeting foreign investors through the use of the EB-5 Immigrant Investor Program. In all, the SEC… Read More »
FINRA Permanently Bans Two Florida Brokers for Selling Unregistered Securities
The Financial Industry Regulatory Authority (FINRA) has permanently barred Philip Brisard and Kenley Brisard from having any further association with any FINRA member due to their investment-related misconduct. According to FINRA, both men have consented to the sanctions against them without admitting or denying any culpability. Through their firm, Brisard & Brisard, Inc, the… Read More »
Financial Adviser Overbilled Clients, Stole Assets
On October 27th, 2016, the Securities and Exchange Commision (SEC) filed charges against a California financial adviser named Marc D. Broidy and his investment firm Broidy Wealth Advisors, LLC (BWA). According to the complaint filed by the agency, Broidy and his company took in more than $1.4 million in ill-gotten gains from clients. The… Read More »
Financial Adviser Charged with Fraud for Cherry-Picking Trades and Misleading Investors
The Securities and Exchange Commission (SEC) recently announced fraud charges against Laurence I. Balter, a financial adviser based in Hawaii. The charges were brought in relation to operations Balter conducted through his investment firm, Oracle Investment Research. According to the allegations, he ‘cherry-picked’ successful trades and assigned them to his own personal account and… Read More »
What You Need to Know About Using BrokerCheck
When it comes to investing, there is nothing more important than ensuring that you are working with a qualified (and trustworthy) broker. Are you confident that you can trust your investment adviser? It is reasonable to be concerned as it can be difficult to be certain that you are working with the right person…. Read More »
FINRA Issues Fine for Florida Brokerage
Recently, the Financial Industry Regulatory Authority (FINRA), cited a Boca Raton brokerage firm for overcharging its clients. The company, Summit Brokerage Services, Inc. was fined a total of $75,000 and was also ordered to pay an additional $83,757 in financial restitution to affected customers. In doing so, Summit Brokerage did not admit to, or… Read More »
