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Feb 1, 2017

Dwayne Edwards Accused Of Fraud By SEC

By |February 1st, 2017|10b-5, Alabama, Bonds, Fraud, Legal Matters, Misrepresentation and Fraud, Press Releases & News, SEC, Securities Act of 1933, Securities and Exchange Act, Securities Law Violations|

The SEC charged Dwayne Edwards with fraud and obtained an emergency asset freeze against the South Carolina businessman. The SEC alleges that he funneled money he obtained from investors who believed their money would be used for buying and renovating senior housing facilities. According to the commission, Dwayne Edwards illicitly commingled funds from a number [...]

Jan 24, 2017

FINRA January 2017 Disciplinary Actions

By |January 24th, 2017|Alabama, Bonds, Broker Check, Churning, Conflict of Interest, Conspiracy, Failure To Supervise, Fiduciary Duties, FINRA, FINRA News, Fraud, Georgia, Hedge, Bond & Mutual Funds, Legal Matters, Master Limited Partnership, Misappropriated Funds, Misrepresentation and Fraud, Non Traded Real Estate Investment Trust, Ponzi Scheme, Press Releases & News, Private Placements, Pump-And-Dump, REIT, SEC, Securities Law Violations, Selling Away, Suitability, Variable Annuity|

FINRA takes disciplinary actions against firms and individuals for violations of FINRA rules; federal securities laws, rules, and regulations; and the rules of the Municipal Securities Rulemaking Board. Below are a number of penalties announced by the regulator in January 2017. If you have been a victim of any of the below behavior, you may [...]

Jul 11, 2016

AL Man Charged With $1.5M Securities Fraud Involving Church

By |July 11th, 2016|Alabama, Alabama Securities Commission, Failure To Disclose, Fraud, Joseph Borg, Misrepresentation and Fraud, Press Releases & News, Private Placements, Securities Law Violations, Unregistered broker dealer, Unregistered Securities|

Terry Earl Hester of Pike County, Alabama was charged with violating the Alabama Securities Act after allegedly making false promises to a Tuscaloosa County church involving $1.5 million in funds. Hester turned himself into authorities on June 15. The charges are the result of a six-count indictment by a Tuscaloosa County grand jury, according [...]

Jul 1, 2016

3 States Order Elder Financial Abuse Reporting

By |July 1st, 2016|Alabama, Alabama Securities Commission, FINRA, Fraud, Joseph Borg, Misrepresentation and Fraud, Press Releases & News, SEC|

As of today, laws in Alabama, Indiana, and Vermont require financial advisers to report suspected financial abuse of the elderly and other vulnerable adults to state officials. These states' legislatures approved the bills earlier this year. And their governors signed the bills into law, putting these states at the forefront of protecting against elder financial abuse. The [...]

May 27, 2016

Alabama Man Sentenced For Securities Fraud

By |May 27th, 2016|Alabama, Alabama Securities Commission, Broker Check, FINRA, Fraud, Huntsville, Madison County, Misrepresentation and Fraud, Ponzi Scheme, Press Releases & News, Securities Arbitration, Securities Law Violations, Suitability, Unregistered Securities|

Keith Michael Rogers of Huntsville, Alabama was sentenced by Madison County Circuit Court Judge Alison Austin to three years in prison for securities fraud. He received a ten year split sentence and will serve three years and has seven suspended. Judge Austin also ordered Rogers to pay $1.7 million in restitution. The sentencing follows [...]

May 17, 2016

Leavitt Sanders’ Clients May Have Legal Rights

By |May 17th, 2016|Alabama, Broker Check, Fiduciary Duties, FINRA, Fraud, Georgia, Misrepresentation and Fraud, Press Releases & News, Securities Law Violations|

The Frankowski Firm, LLC has filed several lawsuits alleging that Leavitt Sanders and the entities he traded through committed investment fraud. These entities include Leavitt Financial Group, Inc., Sanders Yearian Advisory Group, Inc., Triad Advisors, Inc., IFC Holdings, Inc. d/b/a INVEST Financial Corporation, and Capital Asset Advisory Services, LLC. The investors allegedly defrauded, many of [...]

Apr 29, 2016

AL Man Indicted For Alleged Securities Fraud

By |April 29th, 2016|Alabama, Alabama Securities Commission, Fraud, Misrepresentation and Fraud, Press Releases & News, Securities Law Violations, Unregistered broker dealer, Unregistered Securities|

Jason Todd Caudle of Sylacauga, Alabama has been indicted for alleged securities fraud, following a March 11, 2016 arrest. The grand jury issued a five-count indictment. On the same day, Caudle posted a bond of $250,000 and was released. Caudle then failed to appear for his arraignment on April 5, 2016 and was arrested again [...]

Apr 8, 2016

Investors File Complaints Against James Hayne

By |April 8th, 2016|Alabama, Broker Check, Churning, Failure To Supervise, Fiduciary Duties, FINRA, Fraud, Misrepresentation and Fraud, Press Releases & News, Suitability, Unauthorized Trading|

The Frankowski Firm is investigating complaints regarding Texas-based Cetera Advisors broker James Hayne (CRD# 3257845). He has spent sixteen years in the securities industry and has been registered with Cetera Advisors in Mansfield, Texas since 2014. Previous registrations include Questar Capital Corporation in Glendora, California (2013-2014); First Allied Securities in Glendora, California (2008-2013); Edward Jones in Pomona, [...]

Mar 9, 2016

Financial Advisor For Ex-Alabama Football Player Pleads Guilty To Fraud

By |March 9th, 2016|Alabama, Alabama Securities Commission, Fraud, Huntsville, Joseph Borg, Madison County, Misrepresentation and Fraud, Ponzi Scheme, Press Releases & News, Securities Law Violations|

Keith Michael Rogers, a financial advisor from Huntsville, Alabama, pleaded guilty to one count of fraud in connection with the sale of securities, according to the Alabama Securities Commission. Specifically, Rogers' plea was attributed to his engaging in an act, practice or course of business which operated as a fraud or deceit upon his victims. [...]

Feb 1, 2016

Frankowski Firm Investigating Former Raymond James Broker

By |February 1st, 2016|Alabama, Broker Check, FINRA, FINRA News, Press Releases & News, Securities Law Violations, Selling Away|

The Frankowski Firm is currently investigating the potential claims of people of who lost money investing with Glenn Guthrie, a former broker with Raymond James Financial Services in Birmingham, Alabama. According to FINRA's BrokerCheck report, Guthrie is the subject of a customer complaint and an employment separation after allegations of selling away. In 2015, a [...]

Jan 4, 2016

Alabama Man Indicted On Securities Fraud Charges

By |January 4th, 2016|Alabama, Alabama Securities Commission, Fraud, Misrepresentation and Fraud, Press Releases & News, Securities Law Violations, Unregistered broker dealer, Unregistered Securities|

Last month, Jesse Morgan Hinson of Troy, Alabama was arrested for alleged violations of the Alabama Securities Act. Hinson turned himself in to Houston County law enforcement officials based on an arrest warrant issued after an October 2015 Houston County Grand Jury returned a four-count indictment. Hinson was released on $75,000 bond pending trial. The [...]

Nov 2, 2015

California Man Indicted For Defrauding Alabama Investor

By |November 2nd, 2015|Alabama, Alabama Securities Commission, Fraud, Joseph Borg, Misrepresentation and Fraud, Press Releases & News, Securities Law Violations, Unregistered broker dealer|

Daniel Scott Register of Valencia, California was indicted in Calhoun County, Alabama on charges of defrauding an Alabama investor. Register was arrested on October 6 by the Orange County, California Sheriff's Department. He was then transferred on October 9 to a correctional facility in Los Angeles, and a hold was placed on him for pending [...]

Oct 30, 2015

Texas Man Sentenced For Selling Unregistered Securities To Alabama Investor

By |October 30th, 2015|Alabama, Alabama Securities Commission, Joseph Borg, Press Releases & News, Securities Law Violations, Unregistered broker dealer, Unregistered Securities|

Richard Waskom of McKinney, Texas pleaded guilty to one count of Sale of Unregistered Securities before Jefferson County, Alabama Circuit Court Judge Tommy Nail and was given probation for selling unregistered securities pertaining to a project to re-enter previously drilled oil wells. Waskom was sentenced, under a plea deal with prosecutors, to five years imprisonment. [...]

Oct 7, 2015

Mobile, Alabama Man Arrested For Alleged Securities Violations

By |October 7th, 2015|Alabama, Alabama Securities Commission, Fraud, Joseph Borg, Misrepresentation and Fraud, Press Releases & News, Securities Law Violations|

Richard James Tucker of Mobile, Alabama was arrested last week by Baldwin County, Alabama Sheriff's Department deputies for alleged violations of the Alabama Securities Act. The arrest was subsequent to a June 2015 Baldwin County Grand Jury Indictment charging Tucker with three counts of Fraud in Connection with the Sale of Securities, including one count [...]

Sep 23, 2015

Two Charged In Alabama Securities Fraud Case

By |September 23rd, 2015|Alabama, Alabama Securities Commission, Fraud, Misrepresentation and Fraud, Press Releases & News, Securities Law Violations, Unauthorized Trading, Unregistered Securities|

Bruce Alexander Gwyn of Metairie, Lousiana and James Anthony Ghio of Fairhope, Alabama were arrested on charges of fraud and illegal sales, the Alabama Securities Commission announced. The indictment alleges that they offered or sold securities described as limited partnership interests in Level III Trading Partners LP to an Alabama resident. The indictment further accuses [...]

Sep 10, 2015

Alabama Man Sentenced In Securities Fraud Case

By |September 10th, 2015|Alabama, Alabama Securities Commission, Fraud, Misrepresentation and Fraud, Press Releases & News, Securities Law Violations, Unregistered broker dealer|

Kevin Jerome Brown of Hoover, Alabama is looking at a long probation sentence after pleading guilty to securities fraud, according to authorities. Brown pleaded guilty to one count of securities fraud by employing a device, scheme, or artifice to defraud and one count of acting as an unregistered securities agent in Shelby County Circuit Court [...]

Aug 19, 2015

Ex-Cypress Creek CEO Pleads Guilty To Securities Fraud

By |August 19th, 2015|Alabama, Alabama Securities Commission, Fraud, Huntsville, Joseph Borg, Madison County, Misrepresentation and Fraud, Press Releases & News, Securities Law Violations|

James Albert Lawhorne, Jr., former CEO of Cypress Creek Organic Farms, Inc., pleaded guilty  in Huntsville before Madison County Circuit Judge James P. Smith to two counts of Securities Fraud relating to an investment scheme involving the company. In accordance with his plea agreement, Lawhorne admitted to each fraud count, Class B Felonies with a [...]

Aug 14, 2015

Alabama Man Sentenced For Ponzi Scheme

By |August 14th, 2015|Alabama, Alabama Securities Commission, Failure To Supervise, Fraud, Joseph Borg, Misrepresentation and Fraud, Ponzi Scheme, Press Releases & News, Securities Arbitration, Securities Law Violations|

Bryan Anderson, a former broker from Hoover, Alabama, was sentenced yesterday to seven years and three months in federal prison after pleading guilty to operating a Ponzi scheme that defrauded investors out of over $3 million. U.S. District Court Judge Virginia Hopkins also ordered Anderson to pay restitution of $3,068,614 plus interest to his victims. [...]

Jul 17, 2015

Canadian Trader Charged for Short Selling U.S. Stocks

By |July 17th, 2015|Alabama, Fraud, Misrepresentation and Fraud, Press Releases & News, SEC, Securities Law Violations, Short-Selling|

The SEC filed a complaint in the U.S. District Court in San Francisco alleging that Andrew Evans, a Canadian trader at his firm, Maritime Asset Management, illegally shorted U.S. stocks from December 2010 until May 2012.  Evans will pay more than $1 million in settlement charges. Evans allegedly sold a U.S. company's stocks at a [...]

May 11, 2015

Alabama Securities Fraudster’s Assets Intercepted

By |May 11th, 2015|Alabama, Alabama Securities Commission, Huntsville, Joseph Borg, Misrepresentation and Fraud, Press Releases & News, Securities Law Violations|

The Alabama Securities Commission intercepted $16,000 worth of redeemed stock owned by Harry H. "Woody" Duncan from Huntsville, Alabama and successfully rerouted the cash to assist in the payment of restitution to victims of an illegal securities scheme operated by Duncan in 2011. In August 2012, Madison County, Alabama Circuit Court Judge James P. Smith [...]

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