On January 30th., 2014, Paul Elvidge, a 53-year-old securities broker from Port St. Lucie, Florida, pleaded guilty to federal charges of embezzling more than $1 million from client accounts, wire fraud, and aggravated identity theft.
Paul Elvidge operated Seacoast Investor Services, which was purchased by Cape Securities in Port St. Lucie.
The $1.1 million embezzlement took place from July 2010 to October 2012. Elvidge prepared fraudulent forms and forged signatures of account holders. Then, according to the U.S. Attorney's office, Elvidge used the money for personal and business expenses, and funding his own day-trading.
Elvidge has not been sentenced but each of the eight counts of wire fraud carries a possible 20 years and one count of identity theft up to two years.
According to FINRA's BrokerCheck, Paul Elvidge was previously registered with the following FINRA firm(s):
CAPE SECURITIES INC. (CRD# 7072) - PORT ST LUCIE, FL
08/2011 - 10/2012
SEACOAST INVESTOR SERVICES, INC. (CRD# 18615) - PORT ST LUCIE, FL
10/1988 - 05/2012
Fort Lauderdale-based, Soreide Law Group, represents clients nationwide in arbitrations before FINRA. For a free consultation on how to potentially recover your investment losses call: 888-760-6552.
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Phone:
Fax: 1-954-760-6553
Email: [email protected]