August 11, 2014
CONCERNS OF FRAUDULENT SECURITIES OFFERINGS AND UNREGISTERED BROKERS The Division of Enforcement of the Securities and Exchange Commission continues to actively investigate the Immigrant Investor Program, also known as EB-5, and has to date brought two civil law enforcement actions alleging fraudulent securities offerings.  SEC v. A Chicago Convention Center, et al (involving fraudulent sale...
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I have seen a dramatic uptick in administrative enforcement actions by the Florida Office of Financial Regulation (OFR) targeting registered investment advisors, particularly one-man shops.  While it is not clear if this is an OFR sweep, the volume of inquiries I have recently received suggest it may be. The OFR’s administrative complaints seem to be...
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