Tennessee Securities Division Offers Resources for Investors

The Tennessee Securities Division of the  Department of Commerce and Insurance ,  regulates the securities industry in Tennessee. According to their website: 

“The Tennessee Securities Division enforces the Tennessee Act of 1980 to maintain the integrity of the securities market and to protect investors.

The Division also promotes investor education and the prevention of fraud in the securities industry.”

The Investor Education page which is regularly updated offers Tennessee residents valuable resources to help investors protect themselves and avoid securities fraud.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900

Florida Men Charged with Securities Fraud—Purported TV Network Involving Michael Jordan

On September 29, 2014, the U.S. Securities & Exchange Commission (SEC) announced charges against Erick Laszio Mathe, former CEO of Vision Broadcast Network and consultant Ashif Jiwa with raising nearly $6 million from 100 investors by misrepresenting the stations and licenses owned by Vision Broadcast. Mathe and Jiwa both live in Miami Beach, FL.

In addition to providing false information about revenues and future prospects, the promoters falsely stated that basketball legend Michael Jordan planned to invest in the company.

Much of the raised capital was funnelled to companies owned by Mathe and Jiwa and was used by them for personal and travel expenses unrelated to Vision Broadcast’s business.

A criminal action has been filed against Mathe and Jiwa by the U.S. Attorney’s office in the Eastern District of Pennsylvania.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900

Robert C. Couch, Oil2 Holdings, Couch Financial Services Enter Into Consent Agreement With South Carolina Securities Regulators

On September 22, 2014, Robert Charles Couch, and two of his companies, Oil2 Holdings, Inc. and Couch Financial Services, Inc. entered into a Consent Order with the Securities Commissioner of South Carolina.

The Commissioner had filed an order to Cease and Desist on March 10, 2014, against Couch and his companies for violations of the South Carolina Securities Act. Couch and his companies agreed to cease and desist from transacting business in South Carolina that violates the S.C. Securities Act and to pay $15,000 for the cost of the investigation.

According to FINRA records, Couch was last registered as follows:

  • Emerson Equity, LLC      Addison TX     10/2012-12/2013
  • Couch Financial Services  Dallas, TX      7/2004-11/2010

FINRA records indicate that Couch Financial Services is no longer registered.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

South Carolina Securities Division Publishes Investor Alerts and Educational Information

The Securities Division of the Office of the South Carolina Attorney General, Alan Wilson,  regulates the securities industry in South Carolina.

According to their website:

“The Securities Division enforces the South Carolina Uniform Securities Act, which seeks to protect South Carolina investors against fraud and unfair or unethical practices; registers both securities and professionals in the securities industry; develops and implements investor education initiatives; and supports an equitable, competitive, and efficient securities marketplace that contributes to the economic development of South Carolina and the well-being of its citizens.”

From time to time the Securities Division publishes Investor Alerts and there is a section with Investor Education & Fraud Prevention. Topics range from Crowdfunding to How Senior Citizens Can Avoid Investment Fraud and Abuse.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900

Alabama Securities Commission Publishes Investor Alerts and Other Investor Educational Information

The Alabama Securities Commission, Joseph P. Borg, Director,  regulates the securities industry in Alabama.

According to their website:

“The ASC is committed to protect investors against securities fraud an provides aggressive enforcement actions against any firm or individual who has violated the Alabama Securities Act or other state and federal statutes to the detriment of Alabama investors. “

From time to time the ASC publishes Investor Alerts and there is a section with Investor Education & Fraud Prevention. Topics range from what to watch out for when investing in Oil and Gas investments to tips for Senior Citizens to avoid financial exploitation and fraud.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900

Alabama Securities Regulators Announce Arrest of Frederick “Mitch” McNab

September 24, 2014-Montgomery, Alabama

Houston County District Attorney Douglas Valeska and Joseph Borg, Director of the Alabama Securities Commission announce the arrest of Frederick Mitchell “Mitch” McNab of Dothan, Alabama. McNab was indicted on 31 counts of alleged violations of the Alabama Securities Act according to a press release from  WTVY of Dothan.

The release indicates that during the past decade McNab, who was a former Houston County attorney, misappropriated and misused over $10 million raised from local residents who believed their funds were secure in accounts controlled by McNab. He faces multiple criminal charges that could result in punishment from 2 to 20 years.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900

SEC Charges Ex-Wells Fargo Employees with Insider Trading

On September 29, 2014, the U.S. Securities & Exchange Commisson (SEC) charged two former Wells Fargo employees with insider trading. The SEC complaint alleges that Gregory T. Bolan, Jr. worked as a research analysis he tipped Joseph C. Ruggieri, a Wells Fargo trader, in advance of several market moving ratings upgrades or downgrades. Ruggieri made over $117,000 on the trades, according to the SEC.

Last week the SEC announced that Wells Fargo had agreed to pay a $5 million penalty to settle charges that a former broker engaged in insider trading of Burger King Worldwide, Inc., before the buyout of the company in 2010. In that action the SEC had also charged that Wells Fargo delayed production of documents and produced an altered internal document.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900