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Florida Securities Regulator Announces 2013 Results

Florida Securities Regulator Announces 2013 Results

Florida Securities Regulator Announces 2013 Results 150 150 Rex Securities Law

November 24, 2014

Drew J. Breakspear, Commissioner of the Florida Office of Financial Regulation (OFR) since 2012 published an article in the Sunshine State News summarizing recent results of the OFR, which include:

  • In 2013, the OFR completed 465 exams, took 110 actions, assessed fines of $4.4 million, convicted 36 people and ordered to pay more than $67 million in restitution
  • In 2013,, 812 individuals withdrew their applications for registration to sell securities in Florida after the Division of Securities made inquiries about their backgrounds. Of the over 300,000 persons licensed to sell securities in Florida, 94% have two or fewer disclosures on their records.

Rex Securities Law , located in Boca Raton, FL, 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.

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