May 2014 Archives - Going Public Lawyers

SEC Charges Jeffrey Berkowitz & Others By: Brenda Hamilton Attorney

Securities Lawyer 101 Blog On May 24, 2014, the Securities and Exchange Commission announced the latest in a series of cases against microcap companies, officers, and promoters arising out of a joint law enforcement investigation to unearth penny… Read More

SEC Suspends Andalusian Resorts By: Brenda Hamilton Attorney

Securities Lawyer 101 Blog On May 19, 2014, the Securities and Exchange Commission (“SEC”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (“Exchange Act”), of trading in the securities of Andalusian Resorts and… Read More

SEC Charges Four Pension Officials for Regulation SHO Violations

Securities Lawyer 101 Blog On May 19, 2014, the Securities and Exchange Commission (“SEC”) announced charges against four former officials at clearing firm Penson Financial Services for their roles in Regulation SHO violations. An SEC investigation found that… Read More

SEC Suspends FusionPharm By: Brenda Hamilton Attorney

Securities Lawyer 101 Blog On May 16, 2014, the Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of… Read More

SEC Suspends Pingify – PGFY – By: Brenda Hamilton Attorney

Securities Lawyer 101 Blog On May 14, 2014, the Securities and Exchange Commission (the “SEC”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities… Read More

SEC Charges Couch Oil & Gas in $10 Million Scheme

Securities Lawyer 101 Blog On May 12, 2014, the Securities and Exchange Commission (the “SEC”) filed suit in United States District Court in Dallas, Texas, alleging that, from at least September 2010 through January 2012, Charles O. Couch… Read More

Telexfree Principal Becomes Fugitive By: Brenda Hamilton Attorney, Boca Raton Florida

Securities Lawyer 101 Blog On Friday, May 9, 2014, the U.S. Attorney for the District of Massachusetts charged James M. Merrill and Carlos N. Wanzeler with conspiracy to commit wire fraud in connection with the alleged TelexFree pyramid… Read More

Astrologer Stock Broker, Gurudeo Persaud, Barred by SEC

Securities Lawyer 101 Blog On May 9, 2014, the Securities and Exchange Commission (“Commission”) announced that public administrative proceedings were instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and Section 203(f) of… Read More

What Causes An SEC Investigation? Securities Lawyer 101

Securities and Exchange Commission (the “SEC”) investigations can result from a variety of factors.  SEC investigations can be triggered in ways, including during the SEC’s routine review of SEC reports and schedules, routine inspections by FINRA of clearing houses and/or brokerage firms, reports… Read More

Rule 506 Offering Requirements – Going Public Law Firm

Rule 506 Offerings are the most common of the Regulation D exemptions from registration under the Securities Act of 1933, as amended (the “Securities Act”).   It has been approximately a year since the Securities and Exchange Commission (the “SEC”) adopted… Read More