April 2014 Archives - Going Public Lawyers

Securities Lawyers Gone Wild l Three-Time Felon & Lawyer Indicted

Securities Lawyer 101 Blog On April 6, 2014, Texas attorney Richard Plato was  indicted  for mail fraud and securities fraud. Plato is a disbarred attorney who has been convicted in three separate criminal cases, including money laundering and… Read More

Fund Manager Brian Callahan Pleads Guilty In $96 Million Ponzi Scheme

On April 29, 2014, Brian Callahan pleaded guilty to one count of securities fraud and one count of wire fraud for operating a $96 million Ponzi scheme through his various offshore investment funds.  Pursuant to his plea agreement… Read More

New York State Prepares to Regulate Bitcoin By: Brenda Hamilton, Attorney

Securities Lawyer 101.com The New York State Department of Financial Services (NYDFS) has stated that it will consider proposals for a regulated virtual currency exchange to better protect consumers and prevent money-laundering. Cryptocurrencies like Bitcoin continue to grow… Read More

SEC Obtains Preliminary Injunction Against John Babikian

Securities Lawyer 101 Blog On April 20, 2014, the Securities and Exchange Commission (the “SEC”) was granted an injunction imposing an asset freeze against penny stock promoter, John Babikian. Babikian is charged with securities fraud. The Court stated,… Read More

SEC Issues Stop Order For Comp Service’s Registration Statement

On April 23, 2014, the Securities and Exchange Commission (“SEC”)  issued a stop order to prevent a Northern California-based company from issuing stock after including false and misleading information in its amended registration statement for an initial public offering (IPO).   The… Read More

SEC Charges Chris Choi & Poker Player Danny Kuo

On April 23, 2014, the Securities and Exchange Commission(“SEC”) filed insider trading charges against a former accounting manager at Nvidia Corp. who tipped a friend with confidential company information that set in motion a chain of tipping and illegal… Read More

SEC Charges Robert Vitale l Posted by Brenda Hamilton Attorney

Securities Lawyer 101 Blog On April 23, 2014, the Securities and Exchange Commission (“SEC”) filed fraud charges against a former Florida-based stock promoter currently serving a two-year prison sentence for lying to SEC investigators.   The SEC’s complaint filed in U.S…. Read More

Aqua Gardens Family Farm Announces Rule 506(c) Offering & Going Public Transaction

Securities Lawyer 101 Blog Aqua Gardens Family Farm, Inc. a developer of a seed to market system of growing mixed bouquets of lettuce in five weeks announces offering using General Solicitation to seek Accredited Investors pursuant to Rule 506(c)… Read More

What Do Selling Shareholders Disclose In Form S-1? Going Public Lawyers

Securities Lawyer 101 Blog Companies going public have a variety of structures for their transactions. Companies can sell shares in reliance upon Rule 506 of Regulation D and file a selling shareholder registration statement with the Securities and Exchange… Read More

SEC Charges Hedge Fund Manager

Securities Lawyer 101 Blog On April 4, 2014, the Securities and Exchange Commission filed suit in United States District Court in Dallas, Texas, alleging that, from October 2009 to June 2012, Matthew D. Sample of San Diego, California… Read More