We’ve often written about “toxic” promissory notes or preferred stock and the unregistered dealers who purchase them. These dealers are not the broker-dealers ordinary retail investors have accounts with. They are individuals with companies of their own that… Read More
Category: Blog Posts Tags: Awesome Penny Stocks, Bergio International Inc, BRGO, broker-dealer, Convertible Notes, Dilution, Dilution Funder, events of default, Expert Market, Form 211, Form 8-K, Grey Market, Ibrahim Almagarby, Joshua Sason, Lustros Inc, Magna Group, Microcap Equity Group LLC, microchips, naked shorting, nasdaq, Nasdaq Capital Market, NewLead Holdings Ltd, Operation Bermuda Short, OTC issuers, OTC Markets, Penny stocks, Pierre Hillion, preferred stock, promissory notes, Reg SHO, revere split, Rule 144, Sandy Winick, SEC, Securities and Exchange Commission, Short Sellers, Short Selling, Theo Vermaelen, Tippy Inc, Toxic Funders, toxic notes, unregistered dealers, Vis Vires Group Inc, Zachary T Knepper
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
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
On Friday, August 13th, the Securities and Exchange Commission (the “SEC”) filed charges against GPL Ventures LLC, GPL Management LLC, Alexander J. Dillon, Cosmin I. Panait (the “GPL Defendants”), HempAmericana, Inc, Salvador E. Rosillo, Seaside Advisors, LLC, and… Read More
Category: Blog Posts Tags: Abraham Abu, AEPT, Alexander J Dillon, Allan Smethers, American Energy Partners Inc, Awareness Consulting Network LLC, Beacon Capital LLC, Charlie Abujudeh, Chris Benz, Common Sense Holdings LLC, Cosmin I Panait, Dodd Frank Bounty, dodd-frank, Edris A Mendez, FLES, Form F-1, Form S-1, GD Entertainment & Technology Inc, GDET, Get OTC Current, Going Public, GPL Management LLC, GPL Ventures LLC, HempAmericana Inc, HMPQ, Image Product Inc, IMTL, Intermarket Associates LLC, ITNS, Itonis Inc, John Forsythe III, Joseph Kahlon, Kathy Benz, Korinton LLC, Larry Adams, Lawrence B Adams, Mark Cheung, OC Sparkle Inc, Odyssey Group Inc, ODYY, Paul Benz, Quantum Capital LLC, Richard Edelson, Salvador Rosillo, Sam Joudeh, SDEC, Seaside Advisors LLC, 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, SGMD, Smart Decision Inc, Soham Awon, SPO Global Inc, SPOM, Stock Scalping, Sugarmade Inc, TGRR, The 4 Less Group Inc, Tiger Reef Inc, toxic funding, trading suspension, Tri-Bridge Ventures LLC, Tribridge Ventures LLC, Ubiquitech Software Corp, UBQU, Unregistered Dealer, unregistered dealers, XR Energy Inc, XRED
2020 has been a historic year for Securities and Exchange Commission (“SEC”) enforcement action against toxic lenders as unregistered dealers.
Category: Blog Posts Tags: broker-dealer, Chicago Venture Partners LP, convertible note lender, Dilution, financing, FINRA, Ibrahim Almagarby, Iliad Research and Trading LP, JDF Capital Inc, JMJ Financial, John Fierro, John M. Fife, Justin Keener, litigation, Microcap Equity Group LLC, Microcap Stock, OTC Markets, Penny stocks, public Issuer, reverse split, scam, SEC, SEC Complaint, SEC enforcement action, Section 15(a), securities, Securities and Exchange Commission, securities attorneys, Securities Exchange Act of 1934, St George Investments LLC, stock price, Tonaquint Inc, Toxic Convertible Note, toxic financing, Toxic Financings, toxic funding, Toxic Lender, toxic lenders, toxic lending, transfer agents, Typenex Co-Investment LLC, Unregistered Dealer, unregistered dealers
On December 22, 2020, the Securities and Exchange Commission (“SEC”) voted to propose amendments to Rule 144 to eliminate tacking for shares acquired upon exercise or conversion of market-adjustable securities. Market adjustable securities are most often promissory notes, warrants, or preferred stock convertible into common or other shares at a dramatic discount to the issuer’s trading price. These types of market adjustable securities are known as “toxic financings” or “death spirals” for a reason. These financings are typically provided by persons acting as unregistered dealers, and they have crippling effects on small businesses and investors.
Category: Blog Posts Tags: 3(a)10 exemption, broker-dealer, Convertible Note, convertible note lender, Convertible Notes, death spiral, Dilution, discounted stock, Edgar, Form 4, Legal Opinion, Legend Removal, Legend Removal Opinion, Market-adjustable securities, market-adjusted security, Penny stocks, preferred stock, promissory notes, proposed rule change, restricted stock, Rule 101(a), Rule 101(b), Rule 144, Rule 144 Legal Opinion, Rule 144 legal Opinions, Rule 144 Legend, Rule 144 Legend Opinion, Rule 144 Legend Removal, Rule 144 Legend Removal OTC Markets, Rule 144 Opinion, SEC, Section 15(a), Section 5, Securities Act Section 4(a)(1), Securities and Exchange Commission, Securities Exchange Act, tacking, Toxic Convertible Note, toxic financier, toxic financing, Toxic Financings, toxic funding, Toxic Lender, toxic lenders, Tradability Opinion, Transfer Agent Opinion, Unregistered Dealer, unregistered dealers, warrants
We’ve previously written about Securities and Exchange Commission (“SEC”) enforcement actions pending against John Fierro and Justin Keener alleging unregistered dealer activity. Filed in February and March 2020 respectively, they are similar to a lawsuit the agency brought… Read More
Category: Blog Posts Tags: Almagarby, broker-dealer, Convertible Note, convertible note lender, convertible promissory note, David Foley, Dealer, Dilution, Dilution Financing, Dilution Funder, Exchange Act Section 15(a), financing agreement, Ibrahaim Almagarby, Ibrahaim Almagarby Microcap Equity Group, JDF Capital, JMJ Financial, John Fierro, Justin Keener, Microcap, Microcap Equity, Microcap Equity Group, microcap securities, Microcap Stock, OTC Markets, Penny Stock, Penny Stock Bars, Penny Stock Investor, Penny Stock Issuer, ponzi scheme, regulation, Ronald E. Pipoly Jr, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, Securities Fraud, Securities Law Defense, stock scheme, Toxic Convertible Note, toxic financing, Toxic Financings, Toxic Funder, Toxic Funders, toxic funding, Unregistered Dealer
On September 18, 2023, the Securities and Exchange Commission (the “SEC“) announced charges against Florida resident Wilson J. Rondini, III and two companies Rondini controls, Falcon Capital LLP and Falcon Capital Partners Limited, alleging that all three operated… Read More
Category: Blog Posts Tags: BeatClub, Boxlight Corporation, broker-dealer, CNS Pharmaceuticals Inc, Esports Technologies Inc, Falcon Capital LLP, Falcon Capital Partners Limited, Going Public, Impossible Kicks, initial public offering, IPO, Job.com, Logiq Inc, Moleculin Biotech Inc, My Job Matcher Inc, pre-IPO, Quantum Computing Inc, SEC, SEC Action, SEC Actions, SEC Complaint, SEC enforcement, SEC Subpoena, Section 15(a), Securities Attorney, Securities Exchange Act of 1934, Securities Exchange Commission, Securities Fraud, Soliton Inc, Sondors Inc, StereoVision Imaging, TuneGO Inc, United States District Court for the Southern District of Florida, Volcon Inc, Weyland Tech, Wilson J Rondini III, Wilson Rondini III, World View Enterprises
On June 1, 2023, the Securities and Exchange Commission (the “SEC”) announced charges against Auctus Fund Management, LLC (“Auctus Management”) and its co-owners Alfred Sollami of Brookline, Massachusetts and Louis Posner of Mansfield, Massachusetts, for failing to register… Read More
Category: Blog Posts Tags: Alfred Sollami, Auctus Fund LLC, Auctus Fund Management LLC, Convertible Notes, Custom Equity Research Partners LLC, Cyrus M Alphonse, FINRA, Louis Posner, NASD, Penny stocks, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Complaint, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, securities and exchange commission. toxic funder, Securities Attorney, Securities Fraud, Securities Law Defense, South Street Capital Partners, stock scheme, Unregistered Broker
On June 7, 2022, the Securities and Exchange Commission (the “SEC”) announced charges against LG Capital Funding, LLC (“LG Capital”) and its managing member Joseph Lerman of Brooklyn, New York, for failing to register as securities dealers with… Read More
Category: Blog Posts Tags: Alexander J Dillon, Carebourn Capital LP, Chicago Venture Partners LP, Chip Rice, Cosmin I Panait, GPL Management LLC, GPL Ventures LLC, Ibrahim Almagarby, Iliad Research and Trading L.P., JDF Capital Inc, JMJ Financial, John Fierro, John M. Fife, Joseph Lerman, Justin Keener, LG Capital Funding LLC, Microcap Equity Group LLC, SEC Action, SEC Administrative Proceeding, SEC Attorney, 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, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, St George Investments LLC, Tonaquint Inc, Toxic Lender, Typenex Co-Investment LLC, Unregistered broker-dealer, Unregistered Dealer
The Securities and Exchange Commission announced that TokenLot LLC, a self-described “ICO Superstore,” and its owners will settle charges that they acted as unregistered broker-dealers. This is the SEC’s first case charging unregistered broker-dealers for selling digital tokens… Read More
The Securities and Exchange Commission (SEC) Division of Enforcement is pursuing unregistered broker-dealer activity which runs rampant in the penny stock markets. With a reduction of the number of small broker-dealers, there have been limited sources of capital… Read More
On February 14, 2024, the United States Court of Appeals for the Southern District of Florida made its ruling in the case of the Securities and Exchange Commission versus Ibrahim Almagarby and Microcap Equity Group, LLC, ruling in… Read More
Category: Blog Posts Tags: Almagarby, Aluf Holdings, Appeals Court, AXCG, Axxess Pharma, Big Apple Consulting, Big Apple Consulting USA Inc, Broker, broker-dealer, Bulova Technologies Group, CD International Enterprises, convertible debt, Convertible Note, convertible note lender, Convertible Notes, convertible promissory note, CUBA Beverage Company, Daniels Corporate Advisory Company, dark, David Foley, Dealer, death spiral financing, debt conversion, defunct, Dewmar International BMC, Dilution, Dilution Financing, Dilution Funder, District Court, East Coast Diversified Corp., ELRA, Elray Resources, Energy Revenue America, enforcement action, Exchange Act Section 15(a), Eyes on the Go, financing agreement, Finders, Gold & Silver Mining of Nevada, Gold and GemStone Mining Inc., Green Energy Enterprise, Green Energy Enterprises, Greenfield Farms Food, Grid Petroleum Corp./ Simlatus Corporation, GYOG, Halberd Corporation, HAON, Healthnostics, Healthy & Tasty Brands Corporation (a/k/a GRILLiT, Hybrid Coating Technologies, Ibrahaim Almagarby, Ibrahaim Almagarby Microcap Equity Group, Ibrahim Almagarby, In Ovations Holdings, Inc, Indo Global Exchange(s) Pte, InoLife Technologies, InternetArray, JDF Capital, JMJ Financial, John Fierro, judgment, Justin Keener, Las Vegas Railway Express, LIG Assets, Ltd., Marcia G Cooke, Medical Care Technologies Inc., Microcap, Microcap Equity, Microcap Equity Group, Microcap Equity Group LLC, microcap securities, Microcap Stock, MyECheck, Next Galaxy Corp., North American Cannabis Holdings, OTC Markets, OTC Markets Group, Penny Stock, Penny Stock Bars, Penny Stock Investor, Penny Stock Issuer, Penny stocks, PM&E, ponzi scheme, PotNetwork Holdings Inc., PPJ Healthcare Enterprises, QASP, Quasar Aerospace Industries, regulation, reverse split, Robert W Lowry, Ronald E. Pipoly Jr, Rule 144, Sanomedics, SARS, scam, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Claim, SEC Complaint, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, securities, Securities and Exchange Commission, Securities Attorney, Securities Fraud, securities law, Securities Law Defense, Seven Arts Entertainment, stock scheme, stock trading, stocks, Suspicious Activity Reports, Toxic Convertible Note, toxic financing, Toxic Financings, Toxic Funder, Toxic Funders, toxic funding, toxic lending, Underwriter, United States Court of Appeals for the Southern District of Florida, Unregistered Broker, Unregistered broker-dealer, Unregistered Dealer, US District Court for the Southern District of Florida
On December 20, 2022, Judge Beth Bloom of the United States District Court for the Southern District of Florida entered a final judgment against Justin W. Keener d/b/a JMJ Financial. The SEC’s complaint alleged that Keener failed to… Read More
Category: Blog Posts Tags: Alexander J Dillon, Carebourn Capital LP, Chicago Venture Partners LP, Chip Rice, Cosmin I Panait, GPL Management LLC, GPL Ventures LLC, Ibrahim Almagarby, Iliad Research and Trading L.P., JDF Capital Inc, JMJ Financial, John Fierro, John M. Fife, Justin Keener, Microcap Equity Group LLC, SEC Action, SEC Administrative Proceeding, SEC Attorney, 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, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, St George Investments LLC, Tonaquint Inc, Toxic Lender, Typenex Co-Investment LLC, Unregistered Dealer
On November 17, 2022, the Securities and Exchange Commission (the “SEC”) charged Jeffrey K. Galvani, Stuart A. Jeffery, and two New York-based entities they controlled with operating as unregistered broker-dealers that facilitated more than $1.2 billion of securities… Read More
Category: Blog Posts Tags: broker-dealer, Charlie Abujudeh, Convertible Note, Crito Capital LLC, Dodd Frank Bounty, dodd-frank, doj, GEL Direct LLC, GEL Direct Trust, Jeffrey K Galvani, Penny Stock, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, stock scheme, Stuart A Jeffery, Toxic Convertible Note, Toxic Lender, Unregistered broker-dealer, Unregistered Dealer
On January 21, 2022, Judge Beth Bloom of the United States District Court for the Southern District of Florida granted the SEC’s motion for summary judgment against Justin W. Keener d/b/a JMJ Financial. The SEC’s complaint alleged that… Read More
Category: Blog Posts Tags: Alexander J Dillon, Carebourn Capital LP, Chicago Venture Partners LP, Chip Rice, Cosmin I Panait, GPL Management LLC, GPL Ventures LLC, Ibrahim Almagarby, Iliad Research and Trading L.P., JDF Capital Inc, JMJ Financial, John Fierro, John M. Fife, Justin Keener, Microcap Equity Group LLC, SEC Action, SEC Administrative Proceeding, SEC Attorney, 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, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, St George Investments LLC, Tonaquint Inc, Toxic Lender, Typenex Co-Investment LLC, Unregistered Dealer
Over the past few years, we’ve written frequently about so-called “toxic lenders” engaged in unregistered dealer activity and the toll their loans take on struggling over-the-counter companies. Nearly all of these companies need financing for operations, research and… Read More
Category: Blog Posts Tags: Adar Bays, Adar Bays LLC, Aryeh Goldstein, Curt Kramer, FINRA, Form 211 and Amended 15c-211, GeneSYS ID, GNID, Grey Sheets, Ibrahim Almagarby, Inc, Market Maker, Microcap Equity Group LLC, New York, New York State Court of Appeals, OTC Markets and Sponsoring Market Maker, OTC Markets Pink, Penny Stock, rule 15c-211, Samuel Eisenberg, SEC Action, SEC Administrative Proceeding, SEC Attorney, 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, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading suspension, Unregistered Dealer, Unsolicited quotes, Usury Laws
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
On August 17, 2020, Judge Marcia G. Cooke, persuaded by the SEC’s arguments, handed down an order granting the SEC’s motion for summary judgment against Ibrahim Almagarby. The SEC is now seeking total financial sanctions amounting to $1,147,277, penny stock bars against both Almagarby and his company, Microcap Equity Group LLC, and requests that the court order Microcap Equity to surrender the remaining shares of stock it holds for cancellation and to surrender its remaining conversion rights under any convertible notes still in its possession.
Category: Blog Posts Tags: Aluf Holdings, AXCG, Axxess Pharma, Big Apple Consulting USA Inc, Broker, broker-dealer, Bulova Technologies Group, CD International Enterprises, Convertible Notes, CUBA Beverage Company, Daniels Corporate Advisory Company, dark, death spiral financing, debt conversion, defunct, Dewmar International BMC, East Coast Diversified Corp., ELRA, Elray Resources, Energy Revenue America, Eyes on the Go, Gold & Silver Mining of Nevada, Gold and GemStone Mining Inc., Green Energy Enterprise, Green Energy Enterprises, Greenfield Farms Food, Grid Petroleum Corp./ Simlatus Corporation, GYOG, Halberd Corporation, HAON, Healthnostics, Healthy & Tasty Brands Corporation (a/k/a GRILLiT, Hybrid Coating Technologies, Ibrahim Almagarby, In Ovations Holdings, Inc, Indo Global Exchange(s) Pte, InoLife Technologies, InternetArray, John Fierro, judgment, Las Vegas Railway Express, LIG Assets, Ltd., Marcia G Cooke, Medical Care Technologies Inc., Microcap Equity Group LLC, MyECheck, Next Galaxy Corp., North American Cannabis Holdings, OTC Markets, OTC Markets Group, Penny stocks, PM&E, PotNetwork Holdings Inc., PPJ Healthcare Enterprises, QASP, Quasar Aerospace Industries, reverse split, Robert W Lowry, Rule 144, Sanomedics, SARS, scam, SEC, SEC Action, SEC Complaint, securities, Securities and Exchange Commission, securities law, Seven Arts Entertainment, stock trading, stocks, Suspicious Activity Reports, toxic financing, toxic funding, US District Court for the Southern District of Florida
Last week, the SEC Division of Trading and Markets published a staff bulletin highlighting various risks for broker-dealers arising from certain transactions in “penny stocks” and other low-priced securities. The Commission emphasized that these risks are heightened when the identities of a foreign financial institution’s underlying customer and/or the ultimate beneficial owner of the funds and securities are unknown to a broker-dealer because of the omnibus account structure.
Category: Blog Posts Tags: AML, AML Program, Bank Secrecy Act, broker-dealers, BSA, enforcement actions, federal securities laws, FINRA, foreign accounts, fraud, illegal stock sales, illicit activities, Jay Clayton, Money Laundering, omnibus accounts, OTC Markets, Penny stocks, SAR, SEC, SEC Division of Trading and Marketing, securities, Special Due Diligence Program, Stock Promotion, Suspicious Activity Report, unregistered securities offering, US Securities and Exchange Commission
The SEC filed an enforcement action against John Fife, an unregistered dealer and 5 companies he controlled including St. George Investments LLC and Tonaquint, Inc. According to the SEC, Fife and his companies had acted for years as securities dealers, but failed to register with the SEC and with the Financial Industry Regulatory Authority (“FINRA”) as the Securities Exchange Act of 1934 (“Exchange Act”) requires.
Category: Blog Posts Tags: Division of EnforcementChicago Venture, Iliad Research and Trading, John M. Fife, SEC Action, SEC enforcement, St. George Investments, Tonaquint, Toxic Lender, toxic lending, Typenex Co-Investment, Unregistered Dealer
The Securities and Exchange Commission today charged five individuals and four companies for unlawfully selling securities of Woodbridge Group of Companies LLC to retail investors. Woodbridge collapsed into bankruptcy in December 2017 and the SEC previously charged the company,… Read More
The Securities and Exchange Commission (the “SEC”) is pursuing unregistered broker or broker dealer activity which runs rampant in the penny stock markets particulary in transactions involving reverse merger companies. Often these unregistered broker-dealers claim to be exempt… Read More
The Securities and Exchange Commission (“SEC”) Division of Enforcement is pursuing unregistered broker-dealer activity which runs rampant in the penny stock markets. Since Rule 506(c) was created many unregistered broker-dealers have appeared in the OTC marketplace touting their skills… Read More
Securities Lawyer 101 Blog On August 5, 2013, the Financial Industry Regulatory Authority (“FINRA”) announced that it had fined Oppenheimer and Co., Inc. $1,425,000 for allowing the sale of unregistered stock of penny companies, and for its failure to… Read More
Dilution Funders have been charged by the SEC as unregistered dealers in violation of the Securities Exchange Act. Justin Keener and his company, JMJ Financial and John Fierro and his company, JDF Capital, Inc. are…
Category: Blog Posts Tags: broker-dealer, convertible note lender, Dealer, Dilution Funder, Dilution Funding, Dilutive Financing, Exchange Act, JDF Capital, JDF Capital Inc, JMJ Financial, John D. Fierro, Justin Keener, microcap securities, Microcap Stock, OTC Markets, Penny Stock, Penny Stock Bars, Penny Stock Investor, Penny Stock Issuer, ponzi scheme, regulation, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, Securities Fraud, Securities Law Defense, Small Business, stock scheme, Toxic Convertible Note, toxic financier, toxic financing, Toxic Financings, toxic funding, Toxic Lender, toxic lending, Unregistered Dealer
On January 23, 2024, the Securities and Exchange Commission (the “SEC”) announced the filing of an enforcement action against Aryeh Goldstein, a resident of Florida and New York, and two entities he controls, Adar Bays, LLC, located in… Read More
Category: Blog Posts Tags: Adam Long, Adar Alef LLC, Adar Bays LLC, Alexander J Dillon, Alfred Sollami, Aluf Holdings, Aryeh Goldstein, Auctus Fund LLC, Auctus Fund Management LLC, Axxess Pharma, BHP Capital NY Inc, broker-dealer, Bryan Panofel, Bulova Technologies Group, Carebourn Capital LP, CD International Enterprises, Chicago Ventures Partners LP, Chip Alvin Rice, Convertible Note, Convertible Notes, Cosmin I Panait, Crownbridge Partners LLC, Daniels Corporate Advisory Company, Edward M Liceaga, George Investments LLC, GPL Management LLC, GPL Ventures, Ibrahim Almagarby, Iliad Research and Trading LP, JMJ Financial, John M. Fife, Joseph Lerman, Justin W Keener, L2 Capital LLC, Las Vegas Railway Express, LG Funding LLC, LIG Assets, Louis Posner, Microcap Equity Group LLC, Miles M Riccio, Morningview Financial LLC, Oasis Capital LLC, otc, Penny stocks, River North Equity LLC, SEC, SEC Action, SEC Actions, SEC Complaint, SEC enforcement, SEC Subpoena, Securities and Exchange Commission, Securities Fraud, Sepas Ahdoot, Soheil Ahdoot, Tonaquint Inc, Toxic Lender, Typenex Co-Investment LLC, Unregistered broker-dealer, Unregistered Dealer
In the past three years, some important changes have occurred to how “penny stocks” or “microcaps” trade and are regulated. By the early 2000s, they’d moved from the obscurity of the National Quotation Bureau’s Pink Sheets to a… Read More
Category: Blog Posts Tags: AMC, AMC Entertainment Holdings, APES, APS, Awesome Penny Stock, CMKM Diamonds Inc, CMKX, compliance, Cromwell Coulson, delisting, Dilution, dormant shells, E-Trade, Eric Van Nguyen, Expert Market, Fidelity, FINRA, GameStop, GME, Grey Market, initial public offering, IPOs, John Babikian, low floats, Market-adjustable securities, meme stocks, microcaps, nasdaq, nyse, OTC Link, OTC Markets Group, OTCBB, Penny stocks, pink sheets, preferred stock, promissory notes, ramp-and-dump, Reddit, reverse split, Rule 15c211, SEC, Securities Attorney, Shell, shell hijacking, shell peddler, stock manipulation, Stock Promotion, TD Ameritrade, warrants
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
Category: Blog Posts Tags: AITX, Alexander J Dillon, AMBS, ASCK, AWON, AXXA, CBDL, CHGT, CNNA, Cosmin I Panait, DGWR, DLCR, DNAX, DRCR, FBEC, fraud, FTEG, GDET, GMPR, GPL Management LLC, GPL Ventures LLC, GTOR, HempAmericana Inc, HIHI, HMPQ, HPIL, ICBU, ILUS, IMTL, KPOC, MAPT, market manipulation, MASN, MMNT, NEWC, NODC, NWPN, Penny stocks, PPJE, PRKI, PSID, PSWW, pump & dump, QALB, QEDN, RSAU, scam, SCIE, SDEC, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, SOUM, Stock Promotion, stock scheme, TGRR, UNEQ, URAL, XREG, ZICX
On May 20, 2021, Ted Brent Alexander and Jon Darrell Seawright both of Jackson, Mississippi, were indicted by a federal grand jury for their roles in a large multi-million dollar Ponzi scheme that adversely affected hundreds of victims across multiple states over about eight years.
Category: Blog Posts Tags: Alexander Seawright Transportation LLC, Arthur Lamar Adams, Baker Donelson, bankruptcy fraud, Brent Alexander, criminal, Dodd Frank Bounty, dodd-frank, doj, Indictment, Jon Darrell Seawright, lumber, Madison Timber Properties LLC, Mississippi, ponzi scheme, 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, Ted Brent Alexander, trading suspension, wire fraud
