Articles Posted in Florida

Allegations Against Richard Routie in Orlando, FL FINRA has initiated an investigation into Richard Routie of Orlando, Florida, regarding allegations that he “borrowed” money from customers.  In response, he refused to appear for an on-the-record interview, which led to him being barred from the securities industry. Richard Routie Industry History Richard S. Routie was affiliated…

Allegations Regarding the Expulsion In June 2025, Eric Fiallo of Hialeah, Florida was terminated by PFS Investments (Primerica) regarding allegations that he borrowed money from a securities customer.  Under FINRA Rule 3240, advisors are generally prohibited from borrowing money from clients, with limited exceptions. That termination led FINRA to start its own investigation into Fiallo. …

Reasons for Wells Fargo’s Termination of Carol Abdo-Brownsberger Carol Abdo-Brownsberger of Wells Fargo in Daytona Beach, Florida was fired by Wells Fargo in November 2023, regarding allegations that she “failed to obtain approval prior to opening and directing investments in an outside account and receiving a portion of a deceased clients assets”.   That also led…

FINRA Allegations Against Dennis Herrera FINRA has brought a regulatory action against Dennis Herrera of Aegis Capital in Miami, Florida, alleging that he violated Regulation Best Interest (Reg BI) by excessively trading or churning two customers’ accounts.  If you lost money investing with Herrera, you may have legal options to recover your losses. The securities…

Did you invest with Ruben Frezzotti, formerly at Raymond James? We are looking into claims involving Ruben Frezzotti, who formerly was a representative of Raymond James and worked in a Coral Gables, Florida office.  In September 2023, Frezzotti was fired by Raymond James. Raymond James’ Allegations Regarding Firing Ruben Frezzotti Information on Frezzotti’s termination is…

FINRA has filed a regulatory action against financial advisor, Shammi Samaroo of Sunrise, Florida in April 2025.   NY Life filed a regulatory form, alleging that Samaroo was “permitted to resign” while under internal review for potential violations of “company policy”.  NY Life’s company policy was not specifically identified.  In May 2025, Samaroo advised FINRA, through…

If Michael Magruder was your financial advisor and you lost money, you may be able to recover investment losses.  Our securities arbitration law firm is looking into allegations made by FINRA against Michael Edwin Magruder, who formerly was a representative with Merrill Lynch and Raymond James.  He worked in a Golden Oak, Florida office. In…

Are you a client of financial advisor Marco Oreamuno, currently with Bolton Global Capital in Miami, Florida? Our securities arbitration law firm is reviewing claims involving Marco Oreamuno, including claims of unauthorized trading. FINRA, the Financial Industry Regulatory Authority, runs a database called BrokerCheck, which shows disciplinary and complaint histories of financial advisors.  BrokerCheck show…

Did you invest in Next Level Holdings through Jose Quinones from Kissimmee, Florida? You may be able to recover money if you suffered losses. The investment fraud law firm of Israels & Neuman is researching claims made by FINRA against Jose Quinones, who previously was an affiliate of PFS Investments. Allegations by FINRA Against Jose…

Did you invest in Celebration Pointe Plaza through Will Olinger?  You may be able to recover investment losses. Israels & Neuman, a securities and investment fraud law firm, is looking into claims by a former customer against Will Olinger, who was a representative with Valmark Securities.  . Former Customer Filed a Case Against Olinger According…