Category Archives: IAA Financial

Gerald Cocuzzo -Former Newbridge Securities Broker-Pleads Guilty to Fraud

November 2016- Boca Raton, FL

The US Attorney’s Office announced that former Newbridge Securities stock broker Gerald Cocuzzo, pleaded guilty to securities fraud in connection with the fraudulent marketing of ForceField Energy, a publicly traded company with the symbol FNRG.

According to the release between 2009-2015, Cocuzzo and others manipulated the price of ForceField a purported worldwide distributor of LED lighting products causing losses of $131,000,000.

Cocuzzo faces up to 20 years in prison.

See this for more information on Gerald Cocuzzo. 

Cocuzzo was employed by Newbridge Securities from 12/2014-5/2016 and prior to that was employed by IAA Financial from 9/2009/1/2015.

If you suffered losses due to recommendations by Gerald Cocuzzo to purchase risky investments, including Forcefield Energy (FNRG), contact us to learn how you may be able to collect damages from the brokerage firm that employed Cocuzzo.

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

Maroof Miyana-Former Legend Securities Broker-Indicted on Securities Fraud Charges

May 2016-Pompano Beach, 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,  Maroof Miyana 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 Miyana.
  • One prior settled customer complaints. In FINRA Case 14-3451, a customer while Miyana was registered with IAA Financial alleged damages of $400,000 for unsuitable investments. That case was settled for $72,000.
  • Termination by Legend Securities in May 2016 after indictment from the US District Court for Eastern District of NY.
  • Internal Revenue Service Lien of $226,387 for tax years 2011, 2012, 2013, filed in Palm Beach county courthouse.

According to FINRA records, Miyana  was  registered with Legend Securities from 12/2014-5/2016. Prior to that he was registered with IAA Financial from 9/2009-1/2015.

If you have questions about an account handled by Maroof Miyana  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

Gerald Cocuzzo-Former Newbridge Securities Broker-Indicted For Securities Fraud

May 2016-Boca Raton, FL

UPDATE NOVEMBER 2016-Gerald Cocuzzo pleads guilty to securities fraud. Link to US Attorneys office press release. 

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,  Gerald J. Cocuzzo 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 Cocuzzo.
  • Seven prior settled customer complaints .
  • Termination by Newbridge Securities in May 2016 after indictment from the US District Court for Eastern District of NY.
  • Internal Revenue Service Lien of $226,387 for tax years 2011, 2012, 2013, filed in Palm Beach county courthouse.

According to FINRA records,Cocuzzo  was  registered with Newbridge Securities from 12/2014-5/2016. Prior to that he was registered with IAA Financial from 9/2009-1/2015.

If you have questions about an account handled by Gerald J. Cocuzzo  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

IAA Financial Attracts Brokers From FINRA Expelled Firms

UPDATE FEBRUARY 2015: IAA Financial LLC no longer registered according to FINRA website. 

 
According to an article reported in the Investment News on June 4th, 2014, 31 of the 37 FINRA registered brokers at IAA Financial  have been with at least one brokerage firm that has been expelled by securities regulators. The article also points out that on average, each of the 31 brokers had worked at three defunct firms and 7 of the brokers had worked at five or more firms that were expelled from the industry by FINRA.
 
Of the 37 brokers, over half of them had at least one disclosure event on their BrokerCheck record. 
 
See this for information on how to research the background of any stockbroker on the FINRA BrokerCheck website. 
 
If you have losses in your brokerage account that you believe were caused by the negligence and/or fraud of your stockbroker, call to discuss how you may be able to recover those losses through FINRA arbitration.
 
Nationwide representation
 
 
561 391 1900