fbpx

Florida Office of Financial Regulation

Parry Clark of Jacksonville, FL, Sentenced in $1.7 Million Indiana Scam

Parry Clark of Jacksonville, FL, Sentenced in $1.7 Million Indiana Scam 150 150 Rex Securities Law

December 22, 2014-Indianapolis, Indiana Parry Wayne Clark, 62, of Jacksonville, Florida, was sentenced to 10 years in prison for bilking 34 residents of Johnson County, Indiana, out of $1.7 million.…

read more

FTC Helps Victims of Timeshare Resale & Investment Scams

FTC Helps Victims of Timeshare Resale & Investment Scams 150 150 Rex Securities Law

November 20, 2014 The Federal Trade Commission issued a press release announcing that the have filed a court action against Consumer Collection Advocates, Corp. and Michael Robert Ettus, its president…

read more

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…

read more

Florida Securities Regulators Warn of Top Investor Threats

Florida Securities Regulators Warn of Top Investor Threats 150 150 Rex Securities Law

The Florida Office of Financial Regulation (OFR) identified the following as emerging threats facing unwary investors: Emerging Threats: Marijuana Industry Investments Stream-of-Income Investments Digital Currency & Cybersecurity Risks Binary Options…

read more

South Florida is “Hot Spot” For Troubled Stock Brokers-Wall Street Journal

South Florida is “Hot Spot” For Troubled Stock Brokers-Wall Street Journal 150 150 Rex Securities Law

November 12, 2014– According to a story published in The Wall Street Journal (WSJ) today, South Floridians, especially elderly & wealthy retirees,  have plenty to worry about when it comes…

read more

Florida Securities Regulators Fine South Florida Men for Boiler Room Operation

Florida Securities Regulators Fine South Florida Men for Boiler Room Operation 150 150 Rex Securities Law

Tallahassee-10/28/2014- The Florida Office of Financial Regulation issued a cease and desist order and assessed fines of over $1.5 million against Richard V. Morello, Jr. and Junior L. Alexis for…

read more

Ralph Oelbermann, Former LPL Financial/J.W. Cole Broker-Barred From Industry

Ralph Oelbermann, Former LPL Financial/J.W. Cole Broker-Barred From Industry 150 150 Rex Securities Law

UPDATE-May 2015 Oelbermann was permanently barred by FINRA for failing to respond to a FINRA request for information. Link to Oelbermann’s FINRA record.  On October 24, 2014, the Florida Office…

read more

Examples of Financial Exploitation of the Elderly-Annuity & Insurance Sales

Examples of Financial Exploitation of the Elderly-Annuity & Insurance Sales 150 150 Rex Securities Law

The following are narratives of past cases resolved by Florida and Federal  securities and insurance regulators that demonstrate a variety of ways in which unscrupulous insurance agents and stock brokers…

read more

Florida Securities Regulators Arrest Two Naples Men–Advance Loan Fee Scam

Florida Securities Regulators Arrest Two Naples Men–Advance Loan Fee Scam 150 150 Rex Securities Law

September 15 ,2014- Tallahassee, FL The Florida Office of Financial Regulation (OFR) announced the arrest of Douglas Carter and James Spillers who are accused of operating an advance fee for loan…

read more