Category Archives: CBG Financial Group

Pranav Patel-Former Dawson James Broker-Named in ForceField Energy Suit

July 2016- Boca Raton, FL

The FINRA records of Pranav Patel  , a stock broker who formerly was employed by Dawson James Securities , disclose that he was recently named in a customer dispute. In May 2016 Patel was charged with criminal conspiracy to commit wire fraud. Follow this link for more information on that matter. 

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

According to FINRA records, in June 2016 a civil case was filed naming Pranav Patel and others alleging damages of $62,855 and alleging that Patel sold ForceField Energy, Inc. to 5 individuals in a transaction not authorized by his then employer Dawson James Securities, Inc. Civil action No. 15-civ. 3020 (NRB) Southern District of New York. 

According to FINRA records, Patel  was  previously registered with Dawson James Securities, Columbus Advisory Group, National Securities Corporation, NSM Securities, CBG Financial Group and Gunn Allen Financial. 

If you have questions about an account handled by Pranav V. Patel  contact us to discuss your options and to learn how you may be able to recover damages through FINRA arbitration.

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

Pranav Patel-Former Dawson James Broker-Indicted for Securities Fraud-Boca Raton

UPDATE June 2016Pranav Patel named in civil action seeking damages related to sale of ForceField Energy, Inc. Follow this link for more information. 

May 2016-Boca Raton, FL

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

According to FINRA records,  Pranav V. Patel discloses:

  • A  pending criminal charge for Conspiracy to Commit Securities Fraud, Securities Fraud, Money Laundering Conspiracy and Conspiracy to Commit Wire Fraud. See this release dated May 3, 2016 from the US Attorney’s office for Eastern District of New York.
  • 1 pending civil event-See this SEC Litigation Release announcing fraud charges against Patel.
  • One prior settled customer complaints. In FINRA Case 11-3722, a customer while Patel was registered with  CBG Finanical Group alleged damages of $450,000 for unsuitable investments, misrepresentations and breach of fiduciary duties. That case was settled for $75,000.

According to FINRA records, Patel  was  previously registered with Dawson James Securities, Columbus Advisory Group, National Securities Corporation, NSM Securities, CBG Financial Group and Gunn Allen Financial. 

If you have questions about an account handled by Pranav V. Patel  contact us to discuss your options and to learn how you may be able to recover damages through FINRA arbitration.

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

CBG Financial Group Broker Vincenzo Fontana Fined/Suspended by FINRA

Boca Raton, FL-June 2014

FINRA assessed  Vincenzo F. Fontana a deferred fine of $5,000 and suspended him for 30 business days to resolve allegations that he exercised discretionary power in customer accounts by making trades without obtaining the customer’s authorization and in violation of firm policy.

According to FINRA records Vincenzo was most recently registered with CBG Financial Group from 9/2009-8/2012.

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