Investors have several dispute resolution options when facing security-related disputes. The Financial Industry Regulatory Authority (FINRA) recommends that investors consider the dispute resolution techniques outlined below. First, the investor should contact their brokerage firm and report the discrepancy or dispute, in writing, to the appropriate department or manager. Often, the brokerage firm will have authority […]
Richard K. Olive and Susan L. Olive raised $75 million through the sale of fraudulent charitable gift annuity (CGA) investments, according to the SEC. More than 400 investors in Florida, Colorado, Texas, and other states thought they were making contributions to We The People Inc., a purported charitable organization in Tallahassee, Fla. Most of the […]
Help for homeowners with underwater mortgages is the goal of the Obama Administration’s revised Home Affordable Refinance Program. HARP 2.0, scheduled for implementation in March, aims to help homeowners who are current with their mortgage refinance loans backed by Fannie Mae or Freddie Mac. A key feature of HARP 2.0 is the elimination of the […]
Florida timeshare owners who get a telephone call promising the lure of a monetary refund in exchange for an upfront payment should be alert to fraud. The Florida Department of Business and Professional Regulation recently issued a consumer advisory after learning that individuals posing as Department employees are allegedly targeting victims of timeshare scams. The […]
The Fort Lauderdale law firm of Kahn & Resnik, P.L., today announces the availability of concierge legal services for Florida business owners, doctors, accountants, other professionals, and families in need of experienced legal counsel. The firm’s concierge approach to law emphasizes personal attention and responsive service over the life cycle of a business, career or a […]
Yitzchak Zigdon is one of several defendants named in a 2011 SEC complaint relating to a $7 million alleged fraud scheme to sell CO2 Tech stock at artificially inflated prices. In the original complaint, the Commission alleged that CO2 Tech Ltd. was a sham company without significant assets or operations whose stock prices were quoted […]
South Florida doctors and patients may have noticed that healthcare reform took a distant second place to the economy in Pesident Barack Obama’s State of the Union speech to Congress last week. In his 70-minute speech, Obama mentioned either “healthcare” or “health insurance” only 3 times, compared to 6 references in 2011 and 10 in […]
President Obama nominated Mary Jo White, a former U.S. Attorney for the Southern District of New York, to serve as Chair of the U.S. Securities and Exchange Commission. White would replace Mary Schapiro, who left the agency in December. Ms. White is currently Chair of the Litigation practice group at the New York law firm […]
Con artists peddling investment scams in Miami, Fort Lauderdale, Boca Raton or other South Florida locations work hard to build a personal relationship with their victims. Watch this FINRA video to learn some of the techniques that con artists use to build trust with potential investors in order to get you to write a check. […]
BankAtlantic Bancorp and CEO Alan B. Levan are charged with alleged fraudulent activity in a civil lawsuit filed by the Securities and Exchange Commission (SEC) on January 18, 2012 in Miami federal court. The lawsuit alleges that investors were misled about the loan problems at the bank, according to a recent article in the South […]