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November 2015 Archives

Bank Claims - Breach of Fiduciary Duty and Breach of Contract Commercial Litigation Attorney

Bank Claims - Breach of Fiduciary Duty and Breach of Contract Federal and State South Florida Commercial Litigation Attorney

Bank Claims - Breach of Fiduciary Duty:

James D. Belenis - Unapproved Private Securities and Outside Business Activity - Boca Raton, Florida FINRA Arbitration and Litigation Attorney

James D. Belenis - Unapproved Private Securities and Outside Business Activity - Boca Raton, Florida FINRA Arbitration and Litigation Attorney:

The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to institute an enforcement action, firms and licensed individuals have the responsibility to reflect such action on their U-4 and/or U-5 filings, which can be viewed on the FINRA website under the broker-check section of the site or by viewing the monthly disciplinary information also provided on the FINRA site.

Unlawful Reimbursement of Customer Losses - Boca Raton, Florida FINRA Arbitration and Litigation Attorney

Unlawful Reimbursement of Customer Losses - Boca Raton, Florida FINRA Arbitration and Litigation Attorney:

The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to institute an enforcement action, firms and licensed individuals have the responsibility to reflect such action on their U-4 and/or U-5 filings, which can be viewed on the FINRA website under the broker-check section of the site or by viewing the monthly disciplinary information also provided on the FINRA site.

FAQs Margin - Boca Raton, Florida Margin Abuse and Breach of Fiduciary Duty FINRA Arbitration and Litigation Attorney

FAQs Margin - Boca Raton, Florida Margin Abuse and Breach of Fiduciary Duty FINRA Arbitration and Litigation Attorney

Margin:

T + 3 - Settlement of Security Transactions - Boca Raton, Florida Securities Litigation and Arbitration Attorney

T + 3 - Settlement of Security Transactions - Boca Raton, Lake Worth and North Palm Beach, Florida Securities Litigation and Arbitration Attorney

What is meant by T+3?

FAQs Short Selling - South Florida Securities Litigation and Arbitration Attorney

FAQs Short Selling - South Florida, including Boca Raton, Fort Lauderdale and West Palm Beach Securities Litigation and Arbitration Attorney

I. Short Sales

Retirement Planning Fraud - South Florida Retirement Financial Fraud Attorney

Retirement Planning Fraud - South Florida Retirement Financial Fraud and Financial Exploitation Attorney:

Securities and Exchange Commission v. Bobby M. Collins, Civil Action No. 3:15-cv-3620-D (N.D. Tex. November 10, 2015)

Shane Whittle - Boca Raton, Florida Fraudulent Promotion and Micro-Cap Stock Litigation Attorney

Shane Whittle - Boca Raton, Florida Fraudulent Promotion and Micro-Cap Stock Litigation Attorney:

The Securities and Exchange Commission (SEC) recently announced fraud charges against several alleged perpetrators behind a $78 million pump-and-dump scheme involving the stock of Jammin' Java, a company that operates as Marley Coffee and uses trademarks of late reggae artist Bob Marley to sell coffee products.

EB5 Asset Manager, LLC. - South Florida Private Placement Fraud Litigation and Arbitration Attorney

EB5 Asset Manager, LLC. - South Florida Private Placement Fraud Litigation and Arbitration Attorney:

Securities and Exchange Commission v. EB5 Asset Manager, LLC, et al., Civil Action No. 0:15-CV-62323 (S.D. Fla., filed November 3, 2015)

Christopher Brogdon - Municipal Bond and Private Placement Offering Fraud

Christopher Brogdon - Municipal Bond and Private Placement Offering Fraud.  South Florida, including Boca Raton, Fort Lauderdale, West Palm Beach and Miami Litigaiton and Arbitration Attorney.

The Securities and Exchange Commission (SEC) recently announced fraud charges and an emergency asset freeze obtained against an Atlanta-based businessman accused of misusing investor funds raised to purchase and renovate senior living facilities.

Final Judgment for $49,285.42 Entered Against Larry Morris and Win - Win Seminars, Inc.

On April 29, 2009, a Final Judgment for $49,285.42 that was to bear interest at the legal rate of law per year was entered against Larry Morris and Win - Win Seminars, Inc., in the Cirucit Court of the 15th Judicial Circuit and and for Palm Beach County, Florida., Case No. 07-5054. The final judgment remains unsatisfied.

Final Summary Judgment For $26,052 Entered Against Percival Phillips

Final Summary Judgment for $26,052 entered against Percival Phillips by the Circuit Court of Broward County, Florida.

On November 4, 2010, a Final Summary Judgment for $26,052 that was to bear interest at the rate of 6% per year was entered against Percival Phillips in the Cirucit Court of the 17th Judicial Circuit and and for Broward County, Florida., Case No. 06-07541.  The judgment remains unsatisfied. 

Amended Final Judgment For $159,556.24 Entered Against Allan Niskar, Tim Cavender, Richard Onorato, Christina Onorato and Greenwich Financial, Inc.

Amended Final Judgment For $159,556.24 Entered Against Allan Niskar, Tim Cavender, Richard Onorato, Christina Onorato and Greenwich Financial, Inc.

On October 30, 2015, the Circuit Court of the 15th Judicial Circuit in and for Palm Beach County, Florida granted the Plaintiff's Motion For Summary Judgment, for Fraud in the Inducement, against Greenwich Financial, Inc., Richard Onorato, Christina Onorato, AllanNiskar and Tim Cavender, and entered an Amended Final Judgment against these parties, jointly and severally, in the total amount of $159,556.24, which sum will continue to bear interest at the Florida statutory rate.

Final Judgment for $270,025.00 Entered Against Mitchell (Mitch) Pasin by United States Bankruptcy Court

Final Judgment for $270,025.00 Entered Against Mitchell (Mitch) Pasin by United States Bankruptcy Court on September 25, 2015.

On September 25, 2015, the United States Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, in Adv. Pro. No. 10-03712-PGH-A entered a final judgment in favor of Indigo Lakes, LLC and against Mitchell (Mitch) Pasin in the amount of $270,025.00 that is to bear interest at the legal rate authorized by Florida law. 

Jason Figueroa and The GMS Group, LLC. - ETFs - Proshares Ultra S&P, Proshares Ultrashort S&P 500 and Barclay's Ipath S&P 500 VIX Short Term Futures ETN Unsuitable FINRA Arbitration Attorney

Jason Figueroa and The GMS Group, LLC. - Unsuitable ETFs - Proshares Ultra S&P, Proshares Ultrashort S&P 500, Direxion ETF Daily Gold Miners Bull 3X shares, Credit Suisse Velocity Shares Inverse VIX ETN and Barclay's Ipath S&P 500 VIX Short Term Futures ETN FINRA Arbitration Attorney:

Recently the Financial Industry Regulatory Authority (FINRA) announced that Jason L. Figueroa entered into an Acceptance, Waiver and Consent (AWC) whereby Mr. Figueroa was barred from associating with any FINRA member in any capacity.

The GMS Group, LLC., Jason Figueroa and Carmine Capone - Boca Raton, Florida Unsuitable Investment FINRA Arbitration Attorney

The GMS Group, LLC., Jason Figueroa and Carmine Capone - South Florida, including Boca Raton, Fort Lauderdale and West Palm Beach FINRA Arbitration Attorney:

Recently, the Financial Industry Regulatory Authority announced that The GMS Group, LLC and Carmine Capone had entered into an Acceptance, Waiver and Consent (AWC) relative to their failure to properly supervise a registered representative by the name of Jason Figueroa.  According to the AWC, between October 1, 2011 and October 30, 2013 (the "Relevant Time Period"), Mr. Figueroa revised the investment strategy that he was recommending for four customer accounts, each of which was owned by unsophisticated and retired investors with limited investment experience and a moderate risk tolerance.  Previously, these customers had been primarily invested in corporate bonds and mutual funds.  A major component of the revised strategy, however, was leveraged and inverse-leveraged ETFs, including Proshares Ultra S&P 500, Proshares Ultrashort S&P 500 and Direxion EFT Daily Gold Miners Bull 3X shares, as well as related exchange-tradedd notes, including Barclay's Ipath S&P 500 VIX Short Term Futures ETN and Credit Suisse Velocity Shares Daily Inverse VIX ETN.  The risk associated with these investments was exacerbated by the recommended use of margin.

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