June 2013 Archives - Going Public Lawyers

Rule 144 C & D l Ask Securities Lawyer 101

Securities Lawyer 101 Blog The SEC‘s Compliance and Disclosure Interpretations provide  its interpretations of the rules adopted under the Securities Act of 1933, as amended (the “Securities Act”).  A summary and excerpts of the portions relevant to restricted securities and Rule 144 as… Read More

SEC Suspends Biozoom After Publication of Private Report

Securities Lawyer 101 Blog On June 25, 2013, the Securities and Exchange (“SEC”) suspended trading in the securities of Biozoom, Inc. (BIZM).  In connection with the SEC action, it stated that “certain Biozoom affiliates and shareholders may have unjustifiably

Ask Securities Lawyer 101 l Financial Intermediaries

Securities Lawyer 101 Blog It is not unusual for a private or public company to be approached by financial intermediary (“Intermediary”) that offers to locate investors in exchange for a fee.  Most Intermediaries are not registered as broker-dealers with the Securities and… Read More

SEC Revokes Five Issuers to Prevent Reverse Merger Scams

Securities Lawyer 101 Blog On May 24, 2013, the Securities and Exchange Commission (“SEC”) revoked the registrations of Enercorp, Inc. (ENCP), FTS Group, Inc. (FLIP), Games, Inc. (n/k/a InQBate Corporation; INQB), Hartmarx Corporation (n/k/a XMH Corp. 1; (HTMXQ),… Read More

Penny Stock CEO and Co-Conspirator Convicted of Securities Fraud

Securities Lawyer 101 Blog On May 3, 2013, in connection with an action that went unnoticed by most penny stock observers, the U.S. Attorney’s Office for the District of Massachusetts announced that John Jordan, of Cameron Park, California,… Read More

Five Charged by SEC in Venezuelan Fraudulent Bond Kickback Scheme

Securities Lawyer 101 Blog In June 12, 2013, the Securities and Exchange Commission (“SEC”) brought an action against an additional defendant for his role in a frauduent kickback scheme involving the payment of millions of dollars in bribes to a… Read More

SEC Revokes Registration of Sunrise Solar

Securities Lawyers Gone Wild Series Securities Law 101 Blog Sunrise Solar’s most recent financial report filed was a 10-Q for the period ended March 31, 2009. According to the SEC action, Sunrise Solar purported to be in the… Read More

China MediaExpress Issuer Charged with Securities Fraud

Securities Lawyer 101 Blog On June 20, 2013, the Securities and Exchange Commission (the “SEC”) brought yet another securities fraud enforcement action against a China-based company that went public on the U.S. markets through a reverse merger.  The… Read More

SEC Brings Charges in California Alzheimer’s Scam

Company President Lies to Investors Most people think of the Securities and Exchange Commission (“SEC”) as a regulator of publicly traded companies.  But the SEC’s authority extends to any company or individual—public or private—that offers or sells securities.  If the