OTC Markets Policies on Section 17(b) and Stock Promotion
The SEC and Section 17(b) Stock Promotion In the over-the-counter equities market, paid stock promotion has long been of concern to the Securities and Exchange Commission (“SEC”) and to responsible market participants. Recently the OTC Markets has taken… Read More
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SEC Charges Stock Squirrel and John Feloni in $1.6 Million Securities Fraud
On September 29, 2023, the SEC charged Massachusetts-based company Stock Squirrel, Inc. and John Feloni, its president and CEO, with defrauding investors of approximately $1.6 million in an unregistered securities offering. According to the SEC’s complaint Feloni and… Read More
Category: Blog Posts Tags: John Feloni, SEC Action, SEC Actions, SEC Complaint, SEC enforcement, SEC Subpoena, Securities Fraud, Stock Squirrel
SEC Charges Adam R. Long, L2 Capital, LLC and Oasis Capital LLC, as Unregistered Dealers
On September 28, 2023, the Securities and Exchange Commission (the “SEC“) filed charges against Adam R. Long of Dorado, Puerto Rico, and two companies Long owns and controls for acquiring and selling nearly 6 billion shares of… Read More
Category: Blog Posts Tags: 12 Retech Corp (RETC), ABCO Energy Inc (ABCE), Adam Long, Agritek Holdings Inc (AGTK), Alexander J Dillon, Alfred Sollami, Allstar Health Brands Inc (ALST), Aluf Holdings, Arch Therapeutics Inc (ARTH), Arena Group Holdings Inc (AREN), Astro Aerospace Ltd (ASDN), Auctus Fund LLC, Auctus Fund Management LLC, Axxess Pharma, BHP Capital NY Inc, Bowmo Inc (BOMO), Bridgeway National Corp (fka BDGY), broker-dealer, Bryan Panofel, Bulova Technologies Group, Carebourn Capital LP, CD International Enterprises, Chicago Ventures Partners LP, Chip Alvin Rice, Connexa Sports Technologies Inc (CNXA), Convertible Note, Convertible Notes, Cosmin I Panait, Crownbridge Partners LLC, Cruzani Inc (CZNI), CUBA Beverage Company, Daniels Corporate Advisory Company, Dewmar International BMC, Digital Brands Group Inc (DBGI), Directview Holdings Inc (DIRV), East Coast Diversified Corp., Edward M Liceaga, Elray Resources, Energy Revenue America, Eyes on the Go, Fact Inc (FCTI), FBEC Worldwide Inc (FBEC), Generix Biotechnology Corp (GNBT), George Investments LLC, Gold & Silver Mining of Nevada, Gold and GemStone Mining Inc., GPL Management LLC, GPL Ventures, Green Energy Enterprises, Greenfield Farms Food, Grid Petroleum Corp./ Simlatus Corporation, Grow Solutions Holdings Inc (GRSO), Halberd Corporation, Halitron, Healthnostics, Hybrid Coating Technologies, Ibrahim Almagarby, Iliad Research and Trading LP, In Ovations Holdings, Indo Global Exchange(s) Pte, InoLife Technologies, Integral Technologies Inc (fka ITKG), InternetArray, IOTA Communications Inc (fka IOTC), Jaguar Health Inc (JAGX), JMJ Financial, John M. Fife, Joseph Lerman, Justin W Keener, L2 Capital LLC, Las Vegas Railway Express, LG Funding LLC, LIG Assets, Longeveron Inc (LGVN), Lord Global Corporation (LRDG), Louis Posner, Magnum Opus Acquisition Ltd (OPA), Mansfield-Martin Exploration Mining Inc (fka MCPI), Maptelligent Inc (MAPT), Medical Care Technologies Inc., Medizone International Inc (MZEIQ), MGT Capital Investments Inc (MGTI), Microcap Equity Group LLC, Miles M Riccio, Mining Global, Morningview Financial LLC, MyECheck, Next Galaxy Corp., North American Cannabis Holdings, NuGenerex Immuno-Oncology Inc (fka NUGX), Oasis Capital LLC, Ocean Thermal Energy (CPWR), Origin Agritech Ltd (SEED), otc, Penny stocks, PM&E, PotNetwork Holdings Inc., PPJ Healthcare Enterprises, Predictive Oncology Inc (POAI), Prenetics Global Limited (PRE), Propanc Biopharma Inc (PPCB), Quantum Computing Inc (QUBT), Quantum Materials Corp (QTMM), Quasar Aerospace Industries, Riot Blockchain (RIOT), River North Equity LLC, Sanomedics, SEC, SEC Action, SEC Actions, SEC Complaint, SEC enforcement, SEC Subpoena, Securities and Exchange Commission, Securities Fraud, Sepas Ahdoot, Seven Arts Entertainment, Sharing Economy International Inc (SEII), Sintx Technologies Inc (SINT), Slinger Bag Inc (SLBG), Soheil Ahdoot, Spectrum Global Solutions Inc (SGSI), Sphere 3D Corp (ANY), Terawulf Inc (WULF), Tonaquint Inc, Toxic Lender, Typenex Co-Investment LLC, Unregistered broker-dealer, Unregistered Dealer
SEC Charges Philip Verges, James D. Tilton, Jr., Robert F. Malin and Linda Malin
On September 26, 2023, the Securities and Exchange Commission (the “SEC“) filed charges against Texas resident Philip Verges (“Verges”), James D. Tilton, Jr. (“Tilton”), Robert F. Malin, Linda Malin, Esq., and Blue Citi, LLC (“Blue Citi”) for their… Read More
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Wells Notices for Meta Materials Execs
As summer peaked at the end of July, Meta Materials (MMAT) popped back into the news. What had happened? The company filed a Form 8-K explaining that MMAT, its CEO George Palikaras. and John Brda, the former CEO… Read More
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SEC Charges James P. Anglim in Connection with Fraudulent Scheme to Manipulate Stock Prices
On Monday, July 17, 2023, the Securities and Exchange Commission (the “SEC”) charged New Jersey resident and former broker-dealer registered representative, James P. Anglim, for engaging in multiple deceptive and manipulative schemes to assist various people who controlled… Read More
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SEC Obtains Final Judgment Against Thomas Ronk, Former Short Seller Opportunist
On April 14, 2023, the U.S. District Court for the Central District of California entered a final consent judgment against Thomas Carter Ronk imposing injunctive relief, a five-year officer-and-director bar, a five-year penny stock bar, and a civil… Read More
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SEC Obtains Final Judgments Against Alexander J. Dillon, Cosmin I. Panait, and their corporate entities GPL Ventures LLC and GPL Management LLC
On May 2, 2023, the U.S. District Court for the Southern District of New York entered final judgments against Alexander J. Dillon, Cosmin I. Panait, and their corporate entities GPL Ventures LLC and GPL Management LLC, whom the… Read More
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SEC Obtains Default Judgments Against Lesley Greyling and Trend Investments Inc
On April 25, 2023, the U.S. District Court for the District of Massachusetts entered final judgments against defendants Trends Investments Inc, Leslie Greyling and Brandon Rossetti, who were previously charged by the SEC with engaging in a scheme… Read More
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SEC Obtains Over $5 Million Final Judgment Against Charlie Abujudeh in Multi-Million Dollar Microcap Pump and Dump Scheme
On January 20, 2023, the U.S. District Court for the Eastern District of New York entered a final judgment against California resident Charlie Abujudeh whom the SEC had charged for his role in a microcap fraud scheme targeting… Read More
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SEC Obtains Judgment Against Todd Zinkwich
On January 12, 2023, the U.S. District Court in Boston entered a final judgment by consent against Florida resident Todd Zinkwich, whom the SEC charged for engaging in a scheme to manipulate the market for numerous microcap stocks…. Read More
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SEC Charges Andrew DeFrancesco, Marlio Mauricio Diaz Cardona, Carlos Felipe Rezk, Nikola Faukovic, and Catherine DeFrancesco for their roles in a fraudulent scheme to mislead investors about Cool Holdings, Inc
On January 6, 2023, the Securities and Exchange Commission (“SEC”) announced charges against five individuals for their roles in a fraudulent scheme to mislead investors about Cool Holdings, Inc., a publicly-traded company (“Cool”). The SEC alleges that, from… Read More
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SEC Charges J.H. Darbie & Co with Anti-Money Laundering Violations
On December 12, 2022, the Securities and Exchange Commission (the “SEC”) charged J.H. Darbie & Co., Inc., a New York City-based brokerage firm, with failing to report suspicious activity related to transactions in tens of billions of shares… Read More
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SEC Defendant and FBI Fugitive Justin Costello Arrested
On October 4, 2022, SEC Defendant and FBI fugitive Justin Costello was arrested by an FBI SWAT team. Costello had been on the run from authorities as a fugitive since September 29th after failing to surrender to authorities… Read More
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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 Simon Piers Thurlow, Roger Leon Fidler, Richard Oravec, Bradley Fidler, Bryce Emory Boucher, Joseph D. Jordan in Illegal Microcap Offering
On September 15, 2021, the Securities and Exchange Commission (the “SEC”) charged Simon Piers Thurlow, Richard Oravec, Bryce Emory Boucher, attorney Roger Leon Fidler, and his son, Bradley Fidler, for fraud and illegally offering unregistered securities. The SEC… Read More
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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
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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
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SEC Obtains Final Judgment Ordering Frederick Sharp to Pay $52,925,214
On Friday, May 12, 2022, the Securities and Exchange Commission announced that it obtained a final judgment against Canadian resident Frederick L. Sharp. In August 2021, the SEC charged Sharp with leading a fraudulent scheme that generated hundreds… Read More
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Attorneys Gone Wild: Shawn Hackman, Elaine A. Dowling, and Harold P. Gewerter
On April 29, 2022, the Securities and Exchange Commission obtained a judgment against Shawn Hackman, who was previously disbarred by the State of Nevada and suspended by the SEC, ordering him to comply with the SEC’s suspension order… Read More
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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
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SEC Charges Anthony Salandra in Market Manipulation Scheme
The Securities and Exchange Commission today announced charges against Anthony Salandra, for his role in a market manipulation scheme in which he and several other individuals created false rumors about public companies in order to profitably trade around… Read More
Category: Blog Posts Tags: Anthony Salandra, Barton Ross, Dodd Frank Bounty, dodd-frank, Mark Melnick, 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 Obtains Final Judgments from Chrysilios Chrysiliou and Panagiotis Bolovis for Their Roles in $45 Million Fraudulent Scheme
On April 4, 2022, the U.S. District Court for the Southern District of New York entered final judgments against Chrysilios Chrysiliou and Panagiotis Bolovis for their respective roles in a fraudulent scheme to gain control of Airborne Wireless… Read More
Category: Blog Posts Tags: ABWN, Airborne Wireless Network, Ample-Tee Inc, Andrew J Befumo, Chrysilios Chrysiliou, Dodd Frank Bounty, dodd-frank, Eric Scheffey, Kalistratos Kabilafkas, Kelly Kabilafkas, Moshe Rabin, nominees, OTC Markets, Panagiotis Bolovis, 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 Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Thailand, Tim Kabilafkas, Timoleon "Kabilafkas, trading suspension
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
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SEC Charges Michael M Beck (aka BigMoneyMike) with Penny Stock Fraud
The Securities and Exchange Commission charged Michael M. Beck for using his Twitter handle, @BigMoneyMike6, to deceive investors into buying penny stocks that he recommended, even though he secretly planned to sell those stocks and, in some cases,… Read More
Category: Blog Posts Tags: BigMoneyMike, BigMoneyMike6, Canadian Aerospace Group International Inc, CASG, Dodd Frank Bounty, dodd-frank, Helen P Robinson, Maison Luxe Inc, MASN, Michael M Beck, MK Automotive Inc, MKAU, Music for Your Life, MYLY, Peoplesway.com Inc, Pick-Ups Plus Inc, PLWY, PUPS, 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, TeamBillionaire, The Marquie Group Inc, TMGI, trading suspension, UCSO, United Consortium Ltd, VIDA, Vidaroo Corp, Zann Corp, ZNNC
SEC Charges Webcast Host Mark Melnick for His Role in Market Manipulation Scheme
On September 30, 2021, the Securities and Exchange Commission (the “SEC”) announced charges against Mark Melnick, a day trader and T3 Live Senior Trading Strategist for spreading more than 100 false rumors about public companies in order to… Read More
Category: Blog Posts Tags: Barton Ross, Dodd Frank Bounty, dodd-frank, fake news, Mark Melnick, Newsbeat Live, 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 manipulation, stock rumors, T3 Live, Trading Psychology, trading suspension
SEC Charges Two Individuals for Wash Trading Scheme Involving Options of “Meme Stocks”
Today, the Securities and Exchange Commission charged a Florida resident and his friend for engaging in a fraudulent scheme designed to collect liquidity rebates from exchanges by wash trading put options of certain “meme stocks” in early 2021…. Read More
Category: Blog Posts Tags: Dodd Frank Bounty, dodd-frank, options, 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, Suyun Gu, trading suspension, Unregistered Dealer, wash trading, Yong Lee
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, Depository Trust Company, Direct Listing, Direct Public Offering, Dodd Frank Bounty, dodd-frank, DPO, DTC, EDGAR system, FINRA, Form 10, Form 10 Registration Statement, Form 10-K, Form 10-Q, Form 211 and Amended 15c-211, Form 8-K, Form F-1, Form S-1, Form S-1. Registration Statement, Go Public, Going Public, Going Public Direct, Grey Sheets, hacker, hacking scheme, initial public offering, IPO, Market Maker, Marketwired, Most Wanted, nasdaq, Nasdaq Capital Market, Newswire, nyse, Oleksandr Ieremenko, OTC Markets, OTC Markets Pink, Periodic Reporting, Public Company, Registration Statement, Reverse Merger, reward, rule 15c-211, Russia, 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 Periodic Reporting, SEC Registration Statement, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Act, Securities Attorney, Securities Exchange Act of 1934, Securities Fraud, Securities Law Defense, Securities Lawyer, stock exchange, trading suspension, Ukraine, Underwriter, United States Secret Service, Unregistered Dealer, Unsolicited quotes
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
SEC Charges Mark Miller for Hijacking Inactive Penny Stock Companies to use for Pump & Dump Schemes
On Friday, June 18th, the SEC filed a Complaint in the United States District Court for the District of Minnesota against Minnesota resident, Mark Allen Miller, for engaging in a fraudulent scheme to target at least seven inactive penny-stock companies with the intention of profiting through pump & dump activity.
Category: Blog Posts Tags: Andre Jaberian, BBDA, Bebida Beverage Company, Bell Buckle Holdings Inc, BLLB, Christopher James Kajkaran, Criminal Indictment, DIGI, Digitili Inc, Dodd Frank Bounty, dodd-frank, doj, ECMH, Encompass Holdings Inc, Fake, False press release, Gary Koutalas, GBEN, Global Resource Energy Inc, hijacking, LEAS, Mark Allen Miller, Mark Miller, Marketing Worldwide Inc, MEDH, Medx Holdings Inc, MWWC, New World Gold Corp, NWGC, Penny Stock, pump and dump, Saied Jaberian, SAPX, 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 suspension, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Seven Arts Entertainment Inc, Simulated Environment Concepts Inc, SMEV, stock manipulation, Strategic Assert Leasing Inc, trading suspension, Twitter, UITA, Utilicraft Aerospace Industries Inc
