MusclePharm Charged In SEC Investigation
On September 8, 2015, the Securities and Exchange Commission (SEC) charged a sports supplements and nutrition company with committing a series of accounting and disclosure violations, including the failure to properly report perks provided to its executives as… Read More
Category: Blog Posts
Illinois Court Orders Production of Documents By Navistar in SEC Investigation
On June 30, 2015, United States Magistrate Judge Sidney I. Schenkier issued an order requiring production of certain documents that Navistar International Corporation (Navistar) claimed to be privileged in response to investigative subpoenas issued by the Securities… Read More
Category: Blog Posts
Medbox, Inc. Announces SEC Investigation
Securities Lawyer 101 Blog On November 12, 2014, Medbox, Inc. (MDBX) put an end to nearly two weeks of speculation by acknowledging in its 10-Q for the period ended September 30 that the company has received a formal… Read More
Category: Blog Posts
Crucible Capital and Chuck Moore Indicted for Obstructing SEC Investigation
On August 9, 2014, the Securities and Exchange Commission (the “SEC”) announced charges against Chuck Moore and Crucible Capital Group, a New York-based brokerage firm for allegedly violating net capital requirements and falsifying books and records to conceal… Read More
Category: Blog Posts
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
Category: Going Public
SEC Inquiries and Investigations
The SEC’s Enforcement Division conducts investigations pursuant to formal Orders of Investigation that authorize the staff of the Enforcement Division to seek the production of relevant information, either in the form of documents or witness testimony. Although the SEC… Read More
Category: Going Public
SEC Charges Kim Kardashian with Violating Section 17(b)
On October 3, 2022, the SEC Division of Enforcement entered into a settlement of charges with Kimberly Kardashian (“Kardashian” or “Respondent”). The SEC Offer of Settlement (the “Offer”) includes findings that: On June 13, 2021, Kim Kardashian—a well-known… Read More
Category: Blog Posts Tags: coins, crypto, crypto currency, disgorgement, Division of Enforcement, EMAX, emax tokens, enforcement, ethereummax, federal securities laws, investors, Kim Kardashian, Kimberly Kardashian, SEC, SEC Charges, SEC Division of Enforcement, SEC enforcement, Section 17(b), securities, Securities Act, Securities Act Section 17(b), Securities Laws, Social Media, tokenomics, tokens
SEC Targets Publicly Traded Chinese Issuers Under the Holding Foreign Companies Accountable Act
Since Baidu, Inc. (BIDU) completed its going public transaction in August 2005 on the NASDAQ Stock Market, many U.S. investors have found themselves fascinated and frustrated by Chinese companies. Baidu, a technology giant and AI developer offering, among… Read More
Category: Blog Posts Tags: Aliaba, China Publicly Traded, Chinese Issuer, Foreign Issuer, Foreign Private Issuer, Form F-1 Registration Statement, Form S-1 Offering, Form S-1 Resale, Go Public, Going Public, Going Public Law Firm, HFCAA, nasdaq, NASDAQ stock market, New York Stock Exchange, nyse, PCAOB, SEC Attorney, SEC Lawyer, SEC Reporting, SEC Reporting Obligations
SEC Charges Glenn B. Laken, Davies Wong, Richard Tang and 15 other Defendants and names Jason Black as a Relief Defendant in International Scheme to Manipulate Stocks Using Hacked US Brokerage Accounts
On August 15, 2022, the Securities and Exchange Commission (the “SEC”) charged 18 individuals and entities for their roles in a fraudulent scheme in which dozens of online retail brokerage accounts were hacked and improperly used to purchase… Read More
Category: Blog Posts Tags: Anna Tang, Avatele Group LLC, Breanne Wong, Catanga International S.A., Christophe Maerani, Christopher Smith, CMGO, Davies Wong, Distributions Bano, Dodd Frank Bounty, dodd-frank, Glenn B Laken, GMER, Good Gaming, Good Gaming Inc, H.E. Capital SA, hacking, Harmony Ridge Corp, Inc, Jason Black, Jeffery D Cox, LBTD, Lotus Bio-Technology Development Corp, Maximum Ventures Holdings LLC, Phillip Sewell, POP Holdings Ltd, Rahim Mohamed, Richard Smith, Richard Tang, Robert Seeley, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading suspension, Unregistered Dealer, Zoltan Nagy
SEC Charges Broker-Dealer Alpine Securities Corporation and Two Employees with Engaging in Unauthorized Securities Transactions
On August 10, 2022, the Securities and Exchange Commission (the “SEC”) charged broker-dealer Alpine Securities Corporation, its former Chief Executive Officer Christopher Doubek, and its current Chief Operations Officer Joseph Walsh with engaging in a series of unauthorized… Read More
Category: Blog Posts Tags: Alpine Securities Corporation, Christopher Doubek, Dodd Frank Bounty, dodd-frank, Financial Industry Regulatory Authority, FINRA, Joseph Walsh, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading suspension
SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme known as Forsage
August 1, 2022 — The Securities and Exchange Commission (the “SEC”) today charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions… Read More
Category: Blog Posts Tags: Alisha R Shepperd, Binance blockchains, Carlos L Martinez, Cheri Beth Bowen, cryptocurrency, Dodd Frank Bounty, dodd-frank, ethereum, Forsage, fraud, Lola Ferrari, Mark F Hamlin, Mikhail Sergeev, Philippines, ponzi scheme, pyramid scheme, Russia, Samuel D Ellis, Sarah L Theissen, scam, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Sergey Maslakov, trading suspension, Tron, Unregistered Dealer, Vladimir Okhotnikov
SEC Charges Empires Consulting Corp and its founders, Emerson Sousa Pires and Flavio Mendes Goncalves, and head trader, Joshua David Nicholas, with Fake Trading Scheme
On June 30, 2022, the Securities and Exchange Commission (the “SEC”) filed fraud charges against Empires Consulting Corp (“EmpiresX”), its founders, Emerson Sousa Pires and Flavio Mendes Goncalves, and its head trader, Joshua David Nicholas, (collectively, the “Defendants”)… Read More
Category: Blog Posts Tags: Commodity Futures Trading Commission, crypto, CTC, Dodd Frank Bounty, dodd-frank, doj, Emerson Sousa Pires, Empires Consulting Corp, EmpiresX, Flavio Mendes Goncalves, Joshua David Nicholas, multi-level marketing, scam, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading bot, trading suspension, US Department of Justice
SEC Charges Trends Investments Inc., Clinton Greyling and Leslie Greyling
On June 9, 2022, the Securities and Exchange Commission (the “SEC”) charged Trends Investments Inc. and five individuals, Clinton Greyling of Florida, Leslie Greyling (Clinton’s father, a resident of the United Kingdom), former Massachusetts resident Brandon Rossetti, Roger… Read More
Category: Blog Posts Tags: ABTI, Adiba Khalik, Adiba Rezaei, Alterola Biotech Inc, Anne M E Greyling, Brandon Rossetti, Bulls Run Investments Limited, Cennet Investments Limited, Clinton Greyling, Crystalmount Limited, Dheeraj Jain, Dodd Frank Bounty, dodd-frank, Domenic Calabrigo, E-Pawn.com, EPWN, Future Trends Ltd, Jeffrey D Martin, Lalit Kumar, Leslie Greyling, London Pharma Holdings Limited, Members Service Corp, MENC, Millennium Energy Corp, Nankalamu Martin, Norfolk Hights Ltd, Pacific Media Group Enterprises Inc, Peter Maddocks, Rajesh Taneja, Roger Bendelac, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Steve M Bajic, Thomas Capellini, TKCM, Token Communities Ltd, Total Investment Holding Ltd, trading suspension, Trends Investments Inc, Unregistered Dealer
SEC obtains asset freezes and other emergency relief against StraightPath Venture Partners LLC, StraightPath Management LLC, Brian K. Martinsen, Michael A. Castillero, Francine A. Lanaia, and Eric D. Lachow
On May 16, 2022, the Securities and Exchange Commission (the “SEC”) obtained asset freezes and other emergency relief against StraightPath Venture Partners LLC, StraightPath Management LLC, Brian K. Martinsen, Michael A. Castillero, Francine A. Lanaia, and Eric D…. Read More
Category: Blog Posts Tags: Brian K. Martinsen, Dodd Frank Bounty, dodd-frank, Eric D. Lachow, Form F-1, Form S-1, Francine A. Lanaia, Going Public, Michael A. Castillero, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, StraightPath Management LLC, StraightPath Venture Partners LLC, trading suspension, Unregistered Dealer
SEC Files Charges Against Michael Forster
On May 4, 2022, the Securities and Exchange Commission (the “SEC”) filed a complaint alleging Michael Forster engaged in manipulative trading in connection with a microcap issuer he controlled, Cuba Beverage Company (CUBV), a purported energy drink company…. Read More
Category: Blog Posts
SEC Charges 15 Individuals in a $194 Million International Penny Stock Fraud
The Securities and Exchange Commission announced charges against 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom, for participating in multi-year fraudulent penny stock… Read More
Category: Blog Posts Tags: Adam Christopher Kambeitz, Alon Freidlander, American Helium Inc, Anthony Korculanic, Bison Petroleum Corp, BKIT, Black River Petroleum Corp, Black Stallion Oil and Gas Inc, Blacklight SA, Blake Therapeutics Inc, BLTO, Blue Eagle Lithium Inc, Cantabio Pharmaceuticals Inc, Courtney Vasseur, Craig James Auringer, Curtis William Lehner, Cyberfort Software Inc., Daniel Mark Ferris, David Sidoo, Dean Shah, Dodd Frank Bounty, dodd-frank, Dominic Calabrigo, DRNG, Drone Guarder Inc, EnviroTechnologies International Inc, Envoy Group Corp, Frederick Sharp, Gray Fox Petroleum Corp, Hasan Sario, Henry Clarke, Horizon Minerals Corp, HZNM, I-Wellness Marketing Group Inc, IWMG, Julius Csurgo, Kenneth Ciapala, Lifelogger Technologies Corp., Lone Star Gold Inc, Masimiliano Pozzoni, North American Oil & Gas Corp, Oroplata Resources Inc, ORRP, Patriot Berry Farms Inc., Petar Dmitrov Mihaylov, PetroTerra Corp, Polar Petroleum Corp, Preston Corp, PSNP, Roger Knox, Ronald Bauer, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Steampunk Wizards Inc., trading suspension, True North Energy Corp, VIBI, Vilacto Bio Inc, Virtus Oil & Gas Corp, WinterCap SA, ZENO, Zenosense Inc
Attorney Andrew Coldicutt faces SEC charges after getting caught in an FBI sting
On March 1, 2022, the Securities and Exchange Commission (the “SEC”) announced fraud charges against San Diego-based attorney Andrew T.E. Coldicutt for his role in a would-be pump-and-dump scheme. According to the complaint, the charges arise in part… Read More
Category: Blog Posts Tags: Andrew Coldicutt, Andrew TE Coldicutt, Carrillo Huettel, Dodd Frank Bounty, dodd-frank, Dolkart Law, Elizabeth Coldicutt, FBI sting, FINRA, GRCU, Green Cures & Botanical Distribution Inc, John E Dolkart Jr, Luis Carrillo, OTC Markets, Penny stocks, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC enforcement, SEC enforcement action, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, SoCal Harvest Inc, Thomas Coldicutt, Wade Huettel
Federal Jury Convicts Defendants In NuTech Energy Resources Securities Fraud
On Wednesday, October 13, 2021, a federal jury in Cheyenne returned guilty verdicts against a Pennsylvania man and two Florida men related to a stock fraud involving NuTech Energy Resources Inc., a company that claimed to operate coalbed-methane… Read More
Category: Blog Posts Tags: Bob Mitchell, Charles Winters Jr, Chuck Winters, Dodd Frank Bounty, dodd-frank, ECMZ, EcoEmissions Solutions Inc, Ian Horn, Justin Herman, Kevin Trizna, NERG, NuTech Energy Resources Inc, OTC Markets Group, Robert Mitchell, Robert William Mitchell, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading suspension, Unregistered Dealer
SEC Sues Carebourn Capital, L.P. and Its Managing Partner Chip Rice for Acting as an Unregistered Securities Dealer
On September 24, 2021, the Securities and Exchange Commission (“SEC”) charged Carebourn Capital, L.P. and its managing partner Chip Rice of Maple Grove, Minnesota, with acting as unregistered securities dealers in connection with their buying and selling of… Read More
Category: Blog Posts Tags: ADGO, Advantego Corp, AFPW, Alexander J Dillon, AlumiFuel Power Corp, Anthony LG, APPZ, Bergio International Inc, BlackOaks Capital LP, Booski Consulting LLC, Bravtek Solutions Inc, BRGO, broker-dealer, BVTK, Carebourn Capital, Carebourn Capital LP, Carebourn Partners LLC, CGAC, Chicago Venture Partners L.P., Chip Rice, Code Green Apparel Corp, Convertible Notes, Cosmin I Panait, Dark Pulse Inc, DNRG, Dodd Frank Bounty, dodd-frank, Dominovas Energy Corp, DPLS, DRNK, Eventure Interactive Inc, EVTI, FastFunds Financial Corp, FDBL, Feltl & Company, FFFC, Fonu2 Inc, Form F-1, Form S-1, FPFI, Fresh Promise Foods Inc, Friendable Inc, FUNO, Going Public, GPL Management LLC, GPL Ventures LLC, GRAS, Greenfield Farms Food Inc, Groove Botanicals Inc, Growth Solutions Holdings, GRSO, GRVE, Iliad Research and Trading L.P., INND, Innerscope Hearing Technologies Inc, JDF Capital Inc, JMJ Financial, John Fierro, John Fife, Justin W Keener, Kelci Rice, KOAN, Labor Smart Inc, Logan Rice, LTNC, Michael Wruck, Miller Johnson Steichen Kinnard Inc, Minnesota, Monster Arts Inc, More Capital LLC, More Capital Partners LP, Ngen Technologies Holdings Corp, NGRP, Noho Inc, Optec International Inc, OPTI, Ozop Energy Solutions Inc, OZSC, Patten Energy Solutions Inc, Pazoo Inc, PEII, Petron Energy II Inc, PETV, PetVivo Holdings Inc, Powerstorm Holdings Inc, PPCB, Propanc Health Group Corp, PSTO, PTTN, PZOO, Resonate Blends Inc, Revolutions Medical Corp, RMCP, RVUE, Rvue Holdings Inc, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Section 15(a)(1), Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, St George Investments LLC, The Staffing Group Ltd, Tonaquint Inc, toxic financing, toxic lending, trading suspension, Typenex Co-Investment LLC, Unregistered Dealer, Wisdom Homes of America Inc, WOFA, Wowio Inc, WWIO, ZONX, Zonzia Media Inc
SEC Surpasses $1 Billion in Total Whistleblower Awards
On September 15, 2021, the Securities and Exchange Commission (the “SEC”) awarded approximately $110 million to a whistleblower whose information and assistance led to successful SEC and related actions. With the award, the SEC’s whistleblower program has now… Read More
Category: Blog Posts Tags: Dodd Frank Bounty, dodd-frank, Form F-1, Form S-1, Going Public, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading suspension, Unregistered Dealer
SEC Files Subpoena Enforcement Action Against Alexander Kon
On September 1, 2021, the Securities and Exchange Commission announced that it filed an action against Alexander Kon, a penny stock promoter and resident of Overland Park, Kansas, seeking an order directing him to comply with investigative subpoenas… Read More
Category: Blog Posts Tags: 007stockchat.com, Alexander Kon, awesomestocktips.com, Cannabusiness Group Inc, Casey Cummings, CBGI, Dodd Frank Bounty, dodd-frank, Form F-1, Form S-1, Going Public, JS Media, Michael Cummings, otcfire.com, pennystockspy.com, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Stockchat LLC, trading suspension, Unregistered Dealer, World Wide Media Group LLC
A Tale of Two Unregistered Dealers – Toxic Convertible Note Lenders Under SEC Scrutiny
In 2020, the Securities and Exchange Commission (the “SEC”) stepped up its efforts to reel in “toxic lenders”: individuals who profit enormously by buying convertible securities in penny stock companies and selling the shares they obtain upon conversion… Read More
Category: Blog Posts Tags: Big Apple Consulting, Chicago Venture Partners, Clarion Management, Convertible Note, Dodd Frank Bounty, dodd-frank, Form F-1, Form S-1, Going Public, Ibrahim Almagarby, John Fife, Justin Keener, Microcap Equity Group, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Toxic Convertible Note, toxic financing, Toxic Lender, Toxic Note, trading suspension, Unregistered Dealer
SEC Obtains Default Judgment in Edgar Hacking Case
On July 29, 2021, the United States District Court for the District of New Jersey entered a default judgment against Oleksandr Ieremenko and Andrey Sarafanov, who were charged in connection with a scheme to trade on nonpublic earnings… Read More
Category: Blog Posts Tags: Andrey Sarafanov, Business Wire, Dodd Frank Bounty, dodd-frank, EDGAR system, hacker, hacking scheme, Marketwired, Most Wanted, Newswire, Oleksandr Ieremenko, reward, Russia, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading suspension, Ukraine, United States Secret Service, Unregistered Dealer
SEC Charges Charlie Abujudeh in Microcap Fraud Scheme Targeting Retail Investors
On July 22, 2021, the Securities and Exchange Commission (the “SEC”) filed an emergency action charging California resident Charlie Abujudeh with running microcap fraud schemes targeting retail investors. According to the SEC’s complaint, filed in the U.S. District… Read More
Category: Blog Posts Tags: beatpennystocks, Boiler Room, BRZL, CannaPharmaRx Inc, Charlie Abujudeh, CPMD, CZA Inc, dearwallstreet, Dodd Frank Bounty, dodd-frank, HQ Global Education Inc, HQGE, IBGR, Indictment, Intermarket Associates LLC, ITNS, Itonis Inc, makepennystocksgreatagain, market risking llc, marketprofitcenter, Nexus Energy Services Inc, Odyssey Group International Inc, ODYY, Penny stocks, phone center, protraderelite, Quantum Capital Funding LLC, Scepter Holdings Inc, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Stock Promotion, stockoftheweek, thewolfofpennystocks, trading suspension, Unregistered Dealer
SEC charges former CEO and CFO of FTE Networks, Inc with accounting fraud
Today, July 15, 2021, the Securities and Exchange Commission (the “SEC”) charged the former CEO and CFO of FTE Networks, Inc. (“FTE”), a network infrastructure company formerly based in Naples, Florida, with conducting a multi-year accounting fraud. The… Read More
Category: Blog Posts Tags: Accounting Fraud, Convertible Notes, David Lethem, Dodd Frank Bounty, dodd-frank, embezzlement, fraud, FTE, FTE Networks Inc, Indictment, Michael Palleschi, scam, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading suspension, Unregistered Dealer
The SEC just suspended my stock! Now what?
It can be the worst feeling in the world. You wake up, get your trading station all ready for a new day of profitable trading, but then the unthinkable happens. The market opens, but not that volatile issuer that had been running big, making your trading account look so good.
Category: Blog Posts Tags: Dodd Frank Bounty, dodd-frank, grey markets, OTC Markets, Penny stocks, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC suspension, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading halt, trading suspension
SEC Charges Healthcare Company and Its Founder with Multimillion Dollar Fraud
On May 19, 2021, the Securities and Exchange Commission charged a New Jersey-based healthcare company and its founder, Josiah David (formerly known as Dennis Lee), with fraudulently raising nearly $4 million from over 130 investors nationwide through the sale of membership units in the company.
Category: Blog Posts Tags: Allison David, Denis Joachim, Dennis Lee, Dodd Frank Bounty, dodd-frank, doj, Donna Joachim, fbi, fraud, Indictment, Josiah David, Money Laundering, Premier Healthcare Solutions LLC, Provision Corporate LLC, scam, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, The Total Financial Group Inc, trading suspension, US Attorney's Office, US Department of Labor, USAO, wire fraud
David C. Coggins Sentenced for $1.3 Million Securities Fraud Scheme
On Friday, May 14, 2021, David C Coggins, 42, of Miami, was sentenced to 51 months in prison, followed by 36 months of supervised release, and ordered to pay $1,305,000 in restitution for operating an investment scheme in which he used investor funds to repay other investors and misappropriated funds for himself, including to pay for personal use, a vehicle and travel.
Category: Blog Posts Tags: Alok Kumar, Coral Gables Asset Holdings LP, Coral Gables Asset Management LLC, Coral Gables Capital LP, David C Coggins, Dodd Frank Bounty, dodd-frank, Indictment, investment advisor, investment fund, investment scheme, Jawad Addoum, Miami, misappropriated funds, prison, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Complaint, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading suspension
TD Ameritrade to restrict orders in Caveat Emptor designated OTC securities to liquidating trades only
According to a statement posted on the TD Ameritrade website, the popular trading platform will restrict orders in Caveat Emptor designated OTC securities to liquidating trades only starting May 25, 2021.
SEC Enforcement Actions Decline in 2020
According to the annual report published by the Division of Enforcement of the U.S. Securities and Exchange Commission (the “SEC”), there were 715 overall enforcement actions in fiscal 2020, down 17% from the previous year.
Despite the slow down, financial remedies ordered “set a new high,” according to Stephanie Avakian, the agency’s enforcement chief. The Commission obtained judgments and orders totaling approximately $4.68 billion in disgorgement and penalties – the highest amount on record.
Category: Blog Posts Tags: 2020, administrative proceedings, Aethlon Medical Inc, Applied BioSciences Corp, Arrayit Corporation, BioElife Corp, BioXyTran Inc, Blackhawk Growth Corp, Bravatek Solutions Inc, CNS Pharmaceuticals Inc, complaints, Cornerstone Research, coronavirus, COVID-19, Covid-19 Pandemic, criminal authorities, Custom Protection Services Inc, Decision Diagnostics Corp, delinquent SEC filers, disgorgements, Division of Enforcement, Douglas Roe, Eastgate Biotech, EastWest Bioscience Inc, enforcement actions, Jason C. Nielsen, Kelly Warawa, Key Capital Corporation, Kleangas energy Technologies Inc, Lord Global Corp, Mark Schena, Michael Luckhoo-Bouche, Microcap, Micron Waste Technologies Inc, Moleculin Biotech Inc, Nano Magic Inc, Nelson Gomes, No Borders Inc, NYU Pollack Center for Law & Business, OTC Markets, Parallax Health Sciences Inc, penalties, Penny Stock, Praxsyn Corporation, PreCheck Health Services Inc, Predictive Technologies Group Inc, Prestige Capital Corp, public companies, referrals, regulators, Roadman Investments Corp, Sandy Steele Unlimited Inc, SCWorx Corp, SEC, SEC Issuers, Securities Exchange Commission, SEED, Signpath Pharma Inc, Solei Systems Inc, Solutions Inc, SpectrumDNA Inc, Stephanie Avakian, TCRs, tips, tradings suspension, Turbo Global Partners Inc, US Lithium Corp, US Securities and Exchange Commission, Wellness Matrix Group Inc, whistleblower, WOD Retail, WPD Pharmaceuticals Inc, Zoom Technologies Inc
