ORDER

BEFORE THE COURT are Defendants’ and Barry A. Cohen, P.A.’s Objection to Magistrate’s Order on Plaintiffs Motion for Disgorgement of Payments Made by Defendants to Cohen & Foster (Dkt. 93) and TemPay, Inc.’s Motion to Enforce Magistrate Judge’s Order (Dkt. 100). Defendants and Barry A. Cohen, P.A. (the “Law Firm”)1 challenge the Magistrate Judge’s Order directing the Law Firm to deposit $100,000 received from Defendants as a “true retainer” into the Law Firm’s trust account pending resolution of this proceeding. Plaintiff seeks to compel Defendants and the Law Firm to comply with the Magistrate Judge’s Order. Because the Magistrate Judge’s conclusions were neither clearly erroneous nor contrary to the law, the Objection is overruled and the motion to enforce the Magistrate Judge’s Order is granted.

The Underlying Dispute2

Plaintiff, a company that specializes in payroll funding and accounts receivable *1257factoring, entered into several Master Factoring Agreements (“Master Agreements”) with Biltres Staffing of Tampa Bay, LLC (“Biltres Staffing”), whereby Plaintiff agreed to purchase and Biltres Staffing agreed to sell, certain accounts receivable of Biltres Staffing. Plaintiff contends that Defendants personally guaranteed the Master Agreements, and that after the parties entered into the Master Agreements, Plaintiff purchased receivables from four of Biltres Staffing’s purported customers: Aluminum Coils, Inc.; Lennar Manufacturing, Inc.; Miller Contracting, Inc.; and RBA Print Communications (collectively referred to as the “Biltres Staffing Customers”). Further, as explained by Plaintiff, after Plaintiff advanced eighty-five percent of the weekly invoices from the Biltres Staffing Customers to Biltres Staffing, Plaintiff typically received full payment on those invoices forty-five to sixty days later. Invoice payments were made from checks purportedly from the Biltres Staffing Customers, which Mr. Biltres forwarded to Plaintiff. However, as alleged by Plaintiff, over the course of the parties’ relationship, Plaintiff became suspicious of Biltres Staffing and Mr. Biltres’s business activities, based in large part upon the steady weekly increase in staffing invoices and several customer payments that were returned for insufficient funds. Plaintiff claims that it ultimately discovered upon further investigation that it was the victim of a significant financial fraud perpetrated by Defendants, resulting in a loss to Plaintiff of approximately $2.8 million dollars.

Facts Relevant to Disgorgement Issue

On or about November 2011, Plaintiff determined, based upon findings during its own internal investigation, that Defendants’ business activities may be fraudulent. As such, Plaintiff made attempts to discuss its findings with Otto Biltres (“Mr. Biltres”) and to determine if Mr. Biltres had an explanation for what Plaintiff believed to be fraudulent activities.

After discussing the matter with Plaintiff, Mr. Biltres sought to retain counsel to assist with the matter. On November 30, 2011, Mr. Biltres and Constandina Biltres (“Ms. Biltres”) met with members of the Law Firm, specifically Todd Foster (“Mr. Foster”) and Michael Gold (“Mr. Gold”). Following the meeting, Defendants retained the Law Firm and entered into a retainer agreement (“Agreement”) with the Law Firm on November 30, 2011.

Pursuant to the Agreement, Defendants retained the Law Firm to represent them in connection with “possible civil and criminal claims involving the alleged diversion of funds provided by funding sources and any possible investigations relating thereto.” Defendants agreed to pay the Law Firm the “Minimum Agreed Fee” of $200,000.00, with payment of $100,000.00 due immediately and the balance due in equal monthly payments until paid in full.

On November 30, 2011, Defendants transferred $601,500.00 by wire from Defendants’ account at Bank of America, N.A. (“Bank of America”) and deposited the sum into the Law Firm’s trust account. For purposes of the Motion for Disgorgement, the parties stipulate that all of the monies comprising the $601,500.00 deposited into the Law Firm’s trust account are monies that were paid by Plaintiff to Defendants.

On December 1, 2011, based upon information provided by Defendants, Mr. Foster contacted Plaintiffs counsel, Charles Harris (“Mr. Harris”), to discuss the matter and to explore the possibility of resolving the matter. Based upon discussions between counsel, on December 2, 2011, at the Defendants’ direction the Law Firm remitted a cashier’s check to Plaintiff in the amount of $490,000.00. Also on December 2, 2011, to partially satisfy the *1258$100,000.00 retainer fee (“true retainer”) as provided for in the Agreement, the Law Firm transferred into the Law Firm’s operating account $82,500.00 of the monies originally deposited by Defendants into the Law Firm’s trust account.

On December 9, 2011, Plaintiff filed the instant suit against Defendants, along with a Motion for Temporary Restraining Order (“TRO”). On December 13, 2011, the Court granted the TRO (Dkt. 8) and specifically enjoined Defendants and their agents from spending, moving, transferring or conveying assets resulting from monies received from Plaintiff on or after April 20, 2011, including the funds in Defendants’ accounts with Bank of America.

On December 16, 2011, as another partial satisfaction of the $100,000.00 true retainer, the Law Firm transferred into the Law Firm’s operating account an additional $10,000.00 of the monies originally deposited by Defendants into the Law Firm’s trust account.

Based upon a Stipulation of the parties (Dkt. 18), the Court converted the TRO into a Preliminary Injunction on December 22, 2011 (Dkt. 21). That same day, to fully satisfy the $100,000.00 true retainer, the Law Firm transferred into the Law Firm’s operating account an additional $10,000.00 of the monies originally deposited by Defendants into the Law Firm’s trust account. This amount was subsequently adjusted to reflect a transfer in the amount of $7,500.00.

The only money remaining in dispute at this time is the Law Firm’s $100,000.00 true retainer, which was satisfied by the following transfers from the Law Firm’s trust account into the operating account: (1) on December 2, 2011, in the amount of $82,500.00; (2) on December 16, 2011, in the amount of $10,000.00; and (3) on December 22, 2011, in the amount of $7,500.00.

The Motion for Disgorgement and the Magistrate Judge’s Order

On April, 6, 2012, Plaintiff filed a Motion for Disgorgement of Payments Made by Defendants to Cohen & Foster (Dkt. 59) asserting that the funds utilized by Defendants to retain counsel in this matter were fraudulently obtained from Plaintiff, and as such, the funds should be disgorged based upon two arguments: (1) the imposition and enforcement of a constructive trust based upon the Law Firm’s failure to adequately inquire about the source of the alleged fraudulently obtained funds and (2) an alleged violation of the orders restraining movement of the funds. In response, the Law Firm asserted that no monies should be disgorged because the $100,00.00 retainer fee was a “true retainer fee” or “classic retainer fee,” which was earned when it was paid. As such, the Law Firm asserted that it was a bona fide purchaser for value of the true retainer fee. The motion was referred to the Magistrate Judge for disposition (Dkt. 60).

Following briefing and oral argument, the Magistrate Judge found that the Law Firm was not a bona fide purchaser for value as to the monies paid by Defendants, but denied the motion without prejudice “because there is no final judgment as to the validity of Plaintiffs claims regarding the funds utilized to pay the Law Firm ....” Noting the “nature of the dispute” regarding the challenged funds, however, the Magistrate Judge determined that the funds “should be held in trust by the Law Firm until there is an appropriate judgment entered in this case so that the Court can make a determination as to Plaintiffs request to impose a constructive trust.”

Defendants and the Law Firm object to the Magistrate Judge’s Order on the grounds that it is an improper prejudgment remedy (ie., an asset freeze). Defendants argue that the Order effectively equates to a preliminary injunction that is *1259both procedurally and substantively improper.

Standard of Review

Rule 72(a), Federal Rules of Civil Procedure,3 permits a district court to refer any non-dispositive pretrial matter to a magistrate judge for disposition.4 A party may object to a magistrate judge’s order on a non-dispositive pre-trial matter within fourteen days after service of the order.5

Upon consideration of a timely objection,6 a district court may modify or *1260vacate a magistrate judge’s order to the extent that the order “is clearly erroneous or is contrary to law.” Fed.R.Civ.P. 72(a). “A finding is ‘clearly erroneous’ when although there is evidence to support it, the reviewing court on the entire evidence is left with the definite and firm conviction that a mistake has been committed.” United States v. United States Gypsum Co., 333 U.S. 364, 395, 68 S.Ct. 525, 92 L.Ed. 746 (1948). “An order is contrary to law ‘when it fails to apply or misapplies relevant statutes, case law or rules of procedure.’” S.E.C. v. Kramer, 778 F.Supp.2d 1320, 1326-27 (M.D.Fla. 2011) (quoting Tompkins v. R.J. Reynolds Tobacco Co., 92 F.Supp.2d 70, 74 (N.D.N.Y. 2000)).7

Even though a party may object to a magistrate judge’s order on a non-dis-positive matter, the order is nonetheless a final order absent reversal by the district court. As a result, an objection to such final order does not stay the order or relieve the party of the obligation to comply with the order. See Esparza v. Bridgestone/Firestone, Inc., 200 F.R.D. 654, 655 (D.Colo. 2001); White v. Burt Enterprises, 200 F.R.D. 641, 642-42 (D.Colo. 2000); Kimbrell v. ADIA, S.A., 834 F.Supp. 1313, 1317 (D.Kan. 1993); see also Maness v. Meyers, 419 U.S. 449, 458, 95 S.Ct. 584, 42 L.Ed.2d 574 (1975) (“all orders and judgments of court must be complied with promptly. If a person to whom a court directs an order believes that order is incorrect the remedy is to appeal, but absent a stay, to comply promptly with the order pending appeal.”); Carlucci v. Piper Aircraft Corp., Inc., 775 F.2d 1440, 1448 (11th Cir. 1985) (failure to comply with discovery order absent a stay of that order justified substantial Rule 37 sanctions).

Discussion

The principal argument raised by Defendants and the Law Firm is that the Magistrate’s Order directing the deposit of the $100,000 retainer into the Law Firm’s trust account is an improper pretrial injunction or “asset freeze” barred by Eleventh Circuit precedent, including Rosen v. Cascade Int’l, 21 F.3d 1520 (11th Cir. 1994), and its progeny.8 The Rosen court held that a district court lacks authority to freeze assets pending trial solely to establish a fund to satisfy a potential judgment for money damages. Id. at 1531. The Rosen court further explained that “the general rule of equity is that a court may not reach a defendant’s assets unrelated to the underlying litigation and freeze them so that they may be preserved to satisfy a potential money judgment.” Id. at 1527 (emphasis added; citations omitted).

In this case, it is undisputed that the assets involved are directly related to the underlying action because the parties *1261concede that the funds were paid by Plaintiffs to Defendants as a result of the alleged fraudulent scheme. That is, the funds paid to the Law Firm are traceable to the alleged illegal activity of Defendants. Compare Mitsubishi Int’l v. Cardinal Textile Sales, 14 F.3d 1507, 1521 (11th Cir. 1994) (unrelated assets cannot be frozen to satisfy nonequitable money judgment) with Kemp v. Peterson, 940 F.2d 110, 113-14 (4th Cir. 1991) (district court may freeze assets not specifically traced to illegal activity). Plaintiff is not seeking an asset freeze merely to preserve general assets of the Defendants in order to ensure that there will be assets sufficient to satisfy a money judgment after trial, but rather is seeking to preserve specific assets it contends remain its property because they were acquired by Defendants as a result of fraud.

Moreover, federal courts have recognized the propriety of asset freezes where, as here, a plaintiff seeks equitable relief, including the equitable remedy of rescission. See Levi Strauss & Co. v. Sunrise Int’l Trading, Inc., 51 F.3d 982, 987 (11th Cir. 1995) (“[a] request for equitable relief invokes the district court’s inherent equitable powers to order preliminary relief, including an asset freeze, in order to assure the availability of permanent relief’); Federal Trade Commission v. United States Oil and Gas Corp., 748 F.2d 1431, 1433-34 (11th Cir. 1984) (district court may exercise its full range of equitable powers, including a preliminary asset freeze, to ensure that permanent equitable relief will be possible); see also Deckert v. Independence Shares Corp., 311 U.S. 282, 290, 61 S.Ct. 229, 85 L.Ed. 189 (1940) (upholding prejudgment asset freeze in case seeking equitable relief, including appointment of receiver to wind up corporation, rescission of contracts, and the return of disputed fund of money). In this case, Plaintiff seeks equitable relief in the form of the rescission of the October 10, 2011 Agreement which, by necessity, would require Defendants to repay monies received from Plaintiff under the Agreement — -monies the availability of which can be assured only by an asset freeze. See Billian v. Mobil Corp., 710 So.2d 984, 990 (Fla. 4th DCA 1998) (noting that rescission is an equitable remedy where the primary obligation is to undo the original transaction and restore the former status of the parties).

Based on the foregoing, the Magistrate Judge’s determination that he had the authority to direct that any funds received by Defendants from Plaintiff as a result of their alleged fraud, be held in trust pending the outcome of this proceeding was not clearly erroneous or contrary to the law.9 While this remedy was not expressly raised by the parties prior to the hearing on the motion, Plaintiff did request that the funds be returned to Plaintiff or, in the alternative, placed back into Defendants’ bank accounts which were already frozen per the terms of the Preliminary Injunction.

Given that the Magistrate Judge had the authority to order the funds be held in trust, the next question is whether the Magistrate Judge’s determination that such relief was appropriate under the circumstances was clearly erroneous or contrary to the law. The Magistrate Judge relied on a constructive trust theory in *1262reaching his decision to direct that the true retainer be held in trust pending the outcome of this proceeding. A constructive trust is an equitable remedy designed to prevent the unjust enrichment of culpable parties. See Bender v. CenTrust Mortgage Corp., 51 F.3d 1027, 1029 (11th Cir. 1995).10 Ultimately, the Magistrate Judge did not decide whether the true retainer was subject to a constructive trust, but rather concluded that the $100,000 should be held in the Law Firm’s trust account so that the Court may subsequently determine whether a constructive trust is warranted after a determination of the merits of Plaintiffs claims.

The Law Firm correctly notes that funds which are subject to a constructive trust may not be recovered from third parties if the funds cannot be traced to the third party or if the third party takes for value and in good faith. See In re Whit-acre Sunbelt, Inc., 211 B.R. 411, 419 (Bankr.N.D.Ga. 1997). In this case, it is undisputed that the funds transferred to the Law Firm as part of the true retainer came from Defendants and that Defendants obtained those funds from Plaintiff. See Order (Dkt. 91), pp. 4, 18. Thus, the only remaining issue is whether the Law Firm was a bona fide purchaser for value with respect to the true retainer.

The Law Firm argues that the Magistrate Judge erred in concluding that the Law Firm had a duty to inquire as to the source of the funds at the time they were received and “earned” by the Law Firm. This argument ignores the fact that the Magistrate Judge determined that the Law Firm was on inquiry notice as of the date the funds were originally placed in the Law Firm’s trust account (i.e., November 30, 2011).11 After an evidentiary hearing, the Magistrate Judge concluded that “the circumstances were such that the Law Firm should have recognized that further inquiry was necessary into the funds used to secure the true retainer” but failed to *1263do so and, therefore, was not a bona fide purchaser for value. The Magistrate Judge’s determination that the Law Firm was not a bona fide purchaser for value is supported by the record and, therefore, is not clearly erroneous or contrary to the law.12

Rather than direct that the Law Firm turnover the $100,000 in funds to Plaintiff, the Magistrate Judge directed that those firms be placed in the Law Firm’s trust account pending the resolution of this proceeding “because there has been no final determination about the alleged fraudulent conduct surrounding the monies.” Because the funds used to pay the true retainer could properly be the subject of a prejudgment asset freeze and because the Law Firm was not a bona fide purchaser for value, the Magistrate Judge’s ultimate determination that equity requires the placement of the true retainer in the Law Firm’s trust account pending resolution of this matter was neither clearly erroneous nor contrary to the law. See Federal Trade Comm’n v. Network Services Depot, Inc., 617 F.3d 1127, 1145 (9th Cir. 2010) (affirming district court’s imposition of a constructive trust over funds held by attorney’s as fees for services when attorney was not a bona fide purchaser and did not discharge his duty of inquiry); In re Bell & Beckwith (McGraw v. Connelly), 838 F.2d 844, 849 (6th Cir. 1988) (reversing district court decision that declined to order law firm to return assets used to retain attorney when such assets were the subject of a constructive trust).13

Conclusion

Based on a thorough review of the record, including the Magistrate Judge’s Order and the Objection, it is evident that the Magistrate Judge’s decision was not clearly erroneous or contrary to the law so as to warrant reconsideration. See 28 U.S.C. § 636(b)(1)(A); Fed.R.Civ.P. 72(a); see also Fla. Bar Rule 5-1.1(f); Fla. Stat. § 895.05; see Network Services, 617 F.3d at 1144-45 (requiring disgorgement of fees based on constructive trust theory even when nonrefundable retainer was paid pri- or to entry of asset freeze); cf. Levi Strauss, 51 F.3d at 987.

Accordingly, it is ORDERED:

(1) Defendants’ and Barry A. Cohen, P.A.’s Objection to Magistrate’s Order on Plaintiffs Motion for Disgorgement of Payments Made by Defendants to Cohen & Foster (Dkt. 93) is OVERRULED.

(2) TemPay, Inc.’s Motion to Enforce Magistrate Judge’s Order (Dkt. 100) is GRANTED to the extent that Defendants and Barry A. Cohen, P.A. are directed to comply with the Order (Dkt. 91) of the Magistrate Judge by depositing the $100,000.00 retainer into the Barry A. Cohen, P.A. firm trust account within five (5) days from the date of this Order.

(3) TemPay, Inc.’s request for attorneys’ fees and costs incurred in bringing the Motion to Enforce the Magistrate Judge’s Order (Dkt. 100) is DENIED.