CEO of Warrior Girl Corp. Jason Kumpf Charged with Fraud
On November 21, 2016, the Securities and Exchange Commission (“SEC”) charged Jason William Kumpf, the former CEO and president of microcap issuer Warrior…
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Insights on securities law, exchange listings, going public, SEC reporting, and market regulation. Stay updated with our latest articles on capital markets compliance, regulatory developments, and strategic guidance for public and private companies.
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FBI Informant Guy Gentile Pushes Back
In September, we wrote about Guy Gentile, the owner of two successful stock brokerages, and his troubles with the U.S. Department of…
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William Allen and Susan Daub Plead Guilty to Wire Fraud
On November 14, 2016 and November 21, 2016, William Allen and Susan Daub pled guilty in federal court to criminal wire fraud…
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Stanley Fortenberry Pleads Guilty to $900,000 Fraud
On November 18, 2016, Stanley Jonathan Fortenberry (a/k/a S.J., John, or Johnny Fortenberry) of San Angelo, Texas, pleaded guilty to an indictment charging him…
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Former KIT Digital Inc. President Gavin Campion Charged with Securities Fraud
The Securities and Exchange Commission (“SEC”) charged Gavin Campion, the former president of KIT Digital Inc., with securities fraud. The SEC’s complaint,…
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Francisco Martin Charged with Defrauding Investors in Native American Tribal Bonds
On November 14, 2016, the Securities and Exchange Commission (“SEC”) added Francisco Martin of Woodland Hills, California to a civil injunctive action currently pending…
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Government Official Gordon Johnson Reaches Settlement for Insider Trading
On November 14, 2016 the Securities and Exchange Commission (“SEC”) announced that it entered into a settlement agreement with Gordon Johnston, a former…
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What Is An Unregistered Broker? – Going Public Lawyers
The Securities and Exchange Commission (the “SEC”) is pursuing unregistered broker or broker dealer activity which runs rampant in the penny stock…
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President of TelexFree James Merrill Pleads Guilty to Running Pyramid Scheme
On October 24, 2016, James M. Merrill, of Ashland, Massachusetts, the former president of TelexFree, Inc. and TelexFree, LLC, pled guilty to…
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Attorney Adam Tracy & the Nefarious World of Custodianship Shells
The Securities and Exchange Commission (“SEC”) says it doesn’t like over-the-counter shell companies, and would like to see them gone from the…
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Marc Broidy Charged with Defrauding Investors in 3 Separate Schemes
On October 27, 2016 the Securities and Exchange Commission (“SEC”) charged a Los-Angeles based investment advisory firm and its owner, Marc Broidy with…
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Southlake Resources Group and Owner Cody Winters Charged with Fraud
Texas company Southlake Resources Group, LLC and its president Cody Winters have agreed to pay over $5.4 million to settle charges by…
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Brazilian Airplane Manufacturer Embraer S.A. Charged with FCPA Violations
The Securities and Exchange Commission (“SEC”) announced a global settlement along with the U.S. Department of Justice and Brazilian authorities that requires aircraft…
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Executive of Pinnacle Financial Partners James Cope Charged with Insider Trading
On October 21, 2016 the Securities and Exchange Commission (“SEC”) charged a James Cope, a Tennessee lawyer who served on the executive committee…
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Christopher Salis and Douglas and Edward Miller Charged with Insider Trading
A federal grand jury in the Northern District of Indiana has indicted Christopher Salis, Douglas Miller, and Edward Miller on charges relating…
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SEC Issues Form S-3 Registration and Annual Report C&DIs
On November 2, 2016, the Securities and Exchange Commission (“SEC”) Division of Corporation Finance released two new compliance and disclosure interpretations (“C&DIs”)…
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Lime Energy Co. and Four Execs Charged with Accounting Fraud
On October 17, 2016 the Securities and Exchange Commission (“SEC”) charged Lime Energy Co., an energy services provider and four of its executives…
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Rule 147: Not Just for In-State Investors Anymore
On October 26, 2016, the Securities & Exchange Commission (the “SEC”) adopted amendments to Rule 147 of the Securities Act of 1933,…
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Court Enters Final Judgments Against Paul Downey and Two Others
On September 29, the Honorable Sam R. Cummings of the United States District Court for the Northern District of Texas entered final…
Read MoreLouis Buonocore and 4 Others Charged for Operating a Fraudulent Penny Stock Scheme
On September 29, 2016, the Securities and Exchange Commission (“SEC”) charged five individuals for engaging in a fraudulent scheme to illegally profit…
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Marcus Luna and Norell Walker Charged in Penny Stock Scam
On September 30, 2016 the Securities and Exchange Commission (“SEC”) charged an attorney and three others in California with defrauding investors out…
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Cannabis Company Infinex Ventures and CEO Ronald Salem Charged with Fraud
On September 30, 2016, the Securities and Exchange Commission (“SEC”) filed fraud charges against cannabis company Infinex Ventures, Inc. and its CEO Ronald Salem.…
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SEC Expands Rule 504 of Regulation D & Rule 147
On October 26, 2016, the Securities and Exchange Commission (the “SEC”) adopted final rules that amend Rule 504 of Regulation D and…
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Former CEO of Gerova Financial Gary Hirst Charged with Securities Fraud
On September 28, 2016, a federal court jury in New York, New York convicted Gary Hirst, the former CEO and…
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Aegis Oil and President Patrick Beason Charged with Oil and Gas Fraud
On September 29, 2016, the Securities and Exchange Commission (“SEC”) charged Aegis Oil, LLC and its President and CEO Patrick Reagan Beason with…
Read MoreRobert Gadimian Charged with Insider Trading
The Securities and Exchange Commission (“SEC”) today charged the former senior director of regulatory affairs for Puma Biotechnology with insider trading ahead…
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SEC Charges Former Stockbroker Peter Kohli with Fraud and Orders an Asset Freeze
On September 28, 2016 the Securities and Exchange Commission (“SEC”) announced charges and an emergency asset freeze against former stockbroker Peter Kohli for defrauding…
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SEC Charges CEO Craig Sizer of Microcap Company with Fraud
On September 26, 2016 the Securities and Exchange Commission (“SEC”) charged a former microcap company CEO and a boiler room operator with…
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Former IT Executive Charged in Computer Sciences Corporation Fraud Scheme
The Securities and Exchange Commission (“SEC”) announced on September 27, 2016 that a former IT executive at the Commonwealth Bank of Australia (CBA)…
Read MoreJason Wallace Charged for Pump and Dump Scheme
The Securities and Exchange Commission (“SEC”) filed a civil injunctive action in the U.S. District Court for the Central District of California against…
Read MoreBlogroll & Resources
Explore our curated collection of external resources and industry links that complement our blog content. These hand-picked links provide additional perspectives on securities law, market regulations, and business compliance.
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