February 27, 2015-Tampa, Florida
The Florida Office of Financial Regulation (OFR) reports that Allan Roth, 57, was arrested on 34 charges of selling unregistered securities and 34 counts of selling securities without being registered. The case is being prosecuted in Pinellas County, Florida.
Roth, targeted his former clients from the time when he was a licensed securities broker to pitch a penny stock, Bizrocket.com Inc. (BZRT). He told investors Bizrocket was the next Facebook for children and raised nearly $300,000 from 20 victims.
“I encourage every Floridian to verify the license of the company or individual with the OFR before doing business,” said OFR Commissioner Drew J. Breakspear. “We are committed to fighting financial fraud in Florida and we will continue to pursue bad actors, who harm the integrity of the industry.”
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, 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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