Miami Brokerage Manager Sues Partners For Fraud

Law360, Miami (June 5, 2013, 3:13 PM EDT) -- The managing director of a Miami-based investment brokerage filed suit against the firm and its title managing members Tuesday in Florida state court, saying they misrepresented the company when recruiting him and refused to return his investments when he sought to leave.

Flavio Paparella filed multiple claims of fraud, breach of contract, conversion, breach of fiduciary duty and civil conspiracy against TCT Securities and Derivatives LLC and its founders, Juan Puig Franco and Emilio Olavarri. He seeks the return of his $165,000 investment in the firm,...
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