Author Archives: FLSecurities
Defunct Florida Company and its Principals Charged With Investment Fraud
The Securities and Exchange Commission (“SEC”) has charged the former principals of now defunct Assured Capital Consultants, LLC, based in Clermont, Florida, with running a $25 million Ponzi scheme. Jenifer Hoffman, John Boschert, Bryan Zuzga have been charged with raising $25 million from investors by making false statements and creating fake documents about an… Read More »
Former Federal Prosecutor and Candidate for Palm Beach County State Attorney, Dina Keever, Joins Rabin Kammerer Johnson
Our firm welcomes Dina Keever, who is joining the firm as Senior Counsel. Dina is an exceptionally talented and skilled lawyer, having served as a federal prosecutor in both the Southern District of Florida and the Eastern District of Pennsylvania. She is a former law clerk to Judge Peter Fay of the United States… Read More »
FINRA Rules Update
Arbitration Panel Selection The Securities and Exchange Commission (“SEC”) has approved a proposal by the Financial Industry Regulatory Authority (“FINRA”) to make an all-public panel of three arbitrators the default choice for all customer cases seeking damages of $100,000 or more. Previously, absent the affirmative selection by a customer of an all-public panel within… Read More »
Former Florida Resident Charged With Scamming Hockey Star and Others
The United States Attorney for the Southern District of Florida has announced that former Florida and Michigan resident Joseph Paul Zada has been indicted in connection with a $20 million investment scheme. The indictment charges Zada with mail fraud, wire fraud, interstate transportation of stolen property, and money laundering. According to the Detroit Free… Read More »
SEC Charges California Investment Advisor in Cherry Picking Scheme
The Securities and Exchange Commission (“SEC”) has charged a San Diego-based investment advisory firm and its president with engaging in a scheme to cherry pick the most favorable trades and award those to accounts in which the firm’s president had a financial interest. According to the SEC, from June 2008 to November 2009, J.S…. Read More »
Wedding Singer Hits a Sour Note
The Securities and Exchange Commission (“SEC”) has charged a former Oklahoma investment advisor, who is also a local wedding singer, with securities fraud. According to the SEC, Larry Dearman, Sr., a former broker and investment advisor, and Marya Gray, a licensed realtor, swindled 30 of Dearman’s investment advisory clients out of $4.7 million. According… Read More »
UBS Financial Services Agrees to Multi-State Settlement Regarding Unregistered Client Service Associates
UBS Financial Services, Inc. (“UBS”) has agreed to settle a multi-state securities investigation lead by the North American Securities Administrators Association (“NASAA”) and the New Jersey Bureau of Securities (“New Jersey”). The NASAA is a voluntary association whose members consist of state securities regulators. According to an Administrative Consent Order dated August 23, 2013… Read More »
Terrell Owens Sues Former Agents for Recommending Now-Banned Financial Adviser Jeff Rubin
Former NFL wide receiver Terrell Owens is looking to his former agents Drew and Jason Rosenhaus, to recoup $6.5 million of losses incurred because of actions by Jeffrey Rubin of Lighthouse Point, the financial adviser the Rosenhaus brothers recommended. According to the Daily Business Review, the lawsuit names the Rosenhaus brothers and their company… Read More »
Investor Alert: Marijuana Stock Scams
The Financial Industry Regulatory Authority (“FINRA”) has issued an investor alert regarding scams pitching investments in marijuana-related stocks. Currently, medical marijuana is legal in 20 states and the District of Columbia. Recreational marijuana is legal in Colorado and Washington state. With all the press surrounding the legalization of marijuana, FINRA has already seen scams… Read More »