The Law Planet Blog

I am pleased to announce that yesterday our Investment Fraud Seminar in West Palm Beach was a huge success. It was held in the beautiful Phillips Point Club. The beautiful intracoastal was a great backdrop for this well attended Seminar.

The 4 hour seminar, Investing in a Post Madoff Environment: Financial Fraud: How it's accomplished, how to detect it, and how to recover from it was attended by over 100 people from South Florida. The attendees included, CPAs, Attorneys, Bankers, Financial Representatives and a host of other professionals. The Seminar was sponsored by the Financial Services Divsion of LaBovick & LaBovick, P.A.

Attorney Marc Dobin, Director of the Financial Services Division, led the discussions on how industry professionals can help prevent investment fraud.

Speakers at the Seminar included:

William Nortman, Esq., Akerman Senterfitt

Richard A. White, Turris Consulting, LLC

Moderator: Jeffrey S. Grubman, Esq, Jeffrey S. Grubman, P.A.

Topics coverd at the Seminar included areas such as: Investment fraud, Ponzi schemes, FINRA, Churning, Florida Investor Protection Act, Churning, and much more.

We look forward to sharing more information on our next educational seminar on investment and financial fraud.

If you would like to have a transcript of the seminar or more information on investment fraud, let us know.

Our vendor partner for this program, the Daily Business Review, will be publishing a printed version of the transcript in 3 - 4 weeks in their paper as a supplement.

Stay tuned...

LaBovick & LaBovick, PA filed a FINRA arbitration against Ameriprise Financial Services, (NYSE: AMP), formerly known as American Express Financial Advisors (AEFA) for stockbroker misconduct and negligence. The claim alleges that Deborah Amilowski, Financial Advisor for Ameriprise Financial Services, failed to properly advise a Senior investor on risks associated with unsuitable products for a person of that age, at the time of the initial investment and negligence in properly identifying the beneficiary resulting in additional loss to the trust.

The FINRA Statement of Claim, filed on August 13, 2009, stated that Ms. Amilowski, recommended a RiverSource variable annuity as an initial investment to a 77 year old investor at the time of purchase, thus ineligible for a guaranteed death benefit. This investment was too risky for someone of this age.

"Ameriprise Financial had the perfect opportunity to fix the problem, but compounded the error through their negligence and failure to act in the best interest of the client. Brokerage firms and their advisors must act with their client's best interest first. It is not acceptable for a firm to take advantage of Senior investors for profit," stated Marc S. Dobin, Esq., Director of Financial Services, LaBovick & LaBovick, PA.

Click on the following link to learn more on the FINRA Arbitration claim against Ameriprise Financial.

Financial Services Division Director, Attorney Marc Dobin will be a presenter for West Legal Works on the topic of "Update on SEC Regulation 151A" for a Webinar being held on June 25th, 2009 at 12pm, EST.

This Webinar is a Live Webcast presented by West Legal Works, on the following area:

Description: On December 17, 2008, the SEC approved Rule 151A, which will regulate equity indexed annuities as securities. In this webcast, you'll get an update on the status of the rule, and some of the consequences to insurance companies, agents, broker-dealers and representatives, and consumers if it becomes effective as written. Panelists will also discuss the pros and cons of the Regulation from different industry (insurance vs. broker-dealer) and consumer perspectives, as well as discuss what steps firms may need to consider in preparing for the effective date of the regulation.

Speakers for this Live Webcast include:

Joel R. Beck - The Beck Law Firm LLC; Snellville, GA
Marc S. Dobin - LaBovick & LaBovick PA; Palm Beach Gardens, FL
Linas Sudzius, JD, CLU, ChFC - President, Advanced Underwriting Consultants; Franklin, TN

Attendees of the webcast will receive CLE Credit. Check out the following link for more information and to register.

West Legal Education Center

LaBovick & LaBovick is pleased to announce FREE Community Lunch and Learn Seminars from the Financial Services Division. The Seminars will be conducted by Attorney Marc S. Dobin in Palm Beach County on June 8th and June 15th.

The Lunch and Learn Seminars will kick off in North Palm Beach County and South Palm Beach County in June. The Seminars will be held at Toojay's in Boca Raton and Toojay's in Palm Beach Gardens. The purpose of the Seminars is to educate Investors who have lost money in the market due to mismanagement of funds by a Broker. The Seminars will also share tips for Financial Investors on how to prevent stockbroker fraud. Unfortunately, retired investors and professionals that have relied on the wisdom and skills of a Broker are the ones that typically fall prey to stockbroker fraud. They have allowed a Broker complete control over the management of their account.

According to Marc Dobin, “This investing climate is unlike anything I’ve witnessed. The investing public wants to know how to protect themselves from having this happen again.”

If you or someone that you know have been a victim of Stockbroker fraud for over $100,000 and want to learn more about your rights, call 561-625-8282 to RSVP. All registered participants must have a confirmation number to attend. Attendees will not be allowed to attend without a confirmation number. Space is limited; therefore, all Attendees are required to RSVP.

The Educational Stock fraud Lunch and Learn Seminars will be held on the following dates:
A. June 8th - TooJays - Downtown at the Gardens
B. June 15th - TooJays - Boca Raton - Glades Road

“The purpose of our Educational Lunch and Learn Seminars is to share tips and techniques that will help investors become a more involved and knowledgeable investor. And we will show investors what to do when things go wrong,” added Marc Dobin.

Investors that have lost over $100,000 in the stock market due to mismanagement of funds by a Stockbroker should attend one of the Stock fraud Lunch and Learn events. Call 561-625-8282 to RSVP and learn about your rights and how you can protect yourself from this happening again.

Continue reading "Free Community Lunch and Learn Seminars for Victims of Stockbroker fraud in Palm Beach County" »

Today, Attorney Marc Dobin was locked up and taken away as a part of the MDA Lock UP 2009. Marc Dobin agreed to be "arrested" for having a big heart in the fun, MDA Lock-Up. This unique community-wide event raises funds for Jerry's kids. He needs to raise bail of $3200 by to be set free. He needs your financial assistance to post bond.

The Muscular Dystrophy Association is a national voluntary health agency working to defeat muscular dystrophy and related diseases through programs of worldwide research, comprehensive services, and far-reaching professional and public health education.

Your 100 percent tax-deductible donation will help MDA continue research into the causes of, and cures for 43 neuromuscular diseases. Your support of the MDA Lock-Up will also help MDA provide wheelchairs, clinic visits and summer camp for people in our local area.

Please see link below to make a contribution:

Marc Dobin MDA Lock Up 2009 Contribution link

Dear Law Planet Blog Readers,

Welcome to LaBovick & LaBovick, P.A.

We are delighted to incorporate The Law Planet Blog into our family of law blogs. This new addition, comes as a result of Attorney Marc S. Dobin joining LaBovick & LaBovick, P.A. as Partner and Director of our Financial Services Division.

A little history on the firm:
Established: 1992
Founder: Brian F. LaBovick, P.A.
Locations: Palm Beach Gardens (Headquarters), West Palm Beach, Port St. Lucie, Boynton Beach
Attorneys: 9
Practice Areas: Plaintiffs Firm handling: Financial Services, Commercial Litigation, Qui tam, Personal Injury, Employment Law and Workers Compensation

We have some new exciting additions and changes coming soon to the Law Planet Blog. Here is a hint: It involves listening...Soon you will be able to hear Marc S. Dobin, Esq. discuss topics such as investments, securities, and stockbroker issues.

Stay Tuned...