Financial advisors awarded $1 5 million after receiving negligent compliance advice | Business Observer businessobserverfl.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessobserverfl.com Daily Mail and Mail on Sunday newspapers.
Prosecutors wonât charge Florida CFO for releasing confidential complaint
The victim still believes state law was violated by the release of her sexual harassment complaint. Another attorney called the interpretation of the law âridiculous.â
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Updated 49 minutes ago
TALLAHASSEE â Prosecutors in Tallahassee chose not to pursue criminal charges against Florida Chief Financial Officer Jimmy Patronis for releasing in 2019 an employeeâs sexual harassment complaint, a possible of state law.
In a Friday memo, Leon County State Attorney General Counsel Eddie Evans wrote there was no evidence of criminal intent in Patronisâ decision to disclose the complaint, which triggered a criminal probe and allegations that he was using a sexual harassment complaint as leverage to pressure the stateâs then-banking regulator, Ronald Rubin, to resign.
Nokomis financial advisors awarded $1 5 Million for negligent compliance advice snntv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from snntv.com Daily Mail and Mail on Sunday newspapers.
In Judge Hunter Carroll s 62-page ruling, he laid the blame squarely on Prime Capital and its related investment firm, Asset and Financial Planning Inc., not the advisers. The judge noted that the regulatory proceeding settled for a fraction of the original claim.
“The ‘feeing the annuity’ issue was, and always has been, a billing error, said Carroll. It was not done with the intent to deceive or injure any clients; after all, the fee itself was lawfully earned and lawfully charged. The problem was entirely within Prime and AFP’s control to fix, however, they did not do so for years.”
Wednesday s Afternoon Update floridatrend.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from floridatrend.com Daily Mail and Mail on Sunday newspapers.