Category Archives: U.S. Commodity Futures Trading Commission (CFTC)

Neil D. Pecker of Longwood, Florida, Ordered to Pay Millions in Fines/Restitution

UPDATE MARCH 2017-Longwood, FL

Public records disclose that on March 8, 2017, in an action filed by the U.S. Commodity Futures Trading Commission in the U.S. District Court for the Southern District of Florida, a consent order was entered against Neil D. Pecker and his company Viseon Financial Planners , who were charged with fraudulent solicitation and misappropriation in connection with off-exchange binary options. Restitution of $2.7 million and a civil monetary penalty of $3..7 million were ordered. Case# 16-cv-60297. 

Pecker was permanently barred from the securities industry by FINRA in 12/2016.

ORIGINAL POST-July 2016-Longwood, Florida

The FINRA records of Neil D. Pecker  , a stockbroker who was last  employed by  Coastal Equities  disclose a pending civil event and a prior customer dispute.

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.

In February 2016 the U.S. Commodity Futures Trading Commission filed a civil action against Pecker and his company Vision Financial Partners, of Deerfield, FL,  charging them with fraud in connection with off-exchange binary options and registration violations. Pecker and his company are alleged to have diverted $2 million of client funds to bank accounts for their own use.

Pecker was employed by a number of broker dealers over the recent years, including Coastal Equities, Westpark Capital, Newport Coast Securities and First Midwest Securities.

Investors who suffered losses in an account handled by Neil D. Pecker may be entitled to recover damages from his former employer 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

FBI Seeks Jean Chauvel In Connection With Florida-Based Commodity Trading Fraud

September 16, 2015- Miami, FL

The FBI announced that they area seeking information that will lead to the arrest of Jean Chauvel who is wanted in connection with a Florida based securities fraud scheme targeting elderly citizens. See this for information on how to contact the FBI. 

In October 2014, Chauvel, Renaud Pierre-Charles and Robert Tripode and their company Forex Monthly Income Fund (FMIF) were named in a Federal Court emergency order freezing assets and records. The order is a part of a civil action filed by the U.S. Commodity Futures Trading Commission charging the perpetrators of the scheme with fraudulently soliciting more than $1.4 million from investors purportedly to trade foreign currency in a commodity pool.

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

Failure to Heed “Red Flags” In Ponzi Scheme Results in $280,000 Fine For Morgan Stanley Smith Barney

September 15, 2014, Washington, DC

Morgan Stanley Smith Barney was fined  $280,000 and ordered to disgorge commissions in connection with a  $35 million Ponzi Scheme being operated in a purported  British Virgin Island hedgefund, SureInvestment.

Under Morgan Stanley’s compliance procedures, the British Virgin Islands is deemed a “high risk jurisdiction”. According to the release from the U.S. Commodity Trading Futures Commission (CFTC) , in Morgan Stanley Enhanced Due Diligence and Customer Identification Program procedures they are required to “know its customer” and to be alert for any “red flags” regarding suspicious activity.

Earlier this year, the owner of SureInvestment, Benjamin Wilson, was sentenced to seven years by the U.K. Financial Conduct Authority.

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