Diverse Financial and Principals Charged with Fraud
Posted onThe SEC filed fraud charges against Diverse Financial Corporation, its CEO, Roy Dekel, and its former President David Kendell on October 28, 2015. The complaint claims that the defendants raised about $3.29 million from at least 16 investors through… Read More
SEC Obtains Asset Freeze Over Joseph Gabalon
Posted onThe Securities and Exchange Commission (SEC) filed a civil action against defendants Ascenergy LLC and its CEO, Joseph Gabaldon for offering fraudulent oil and gas investments. At the request of the SEC, the U.S. District Court for the District of… Read More
Rebecca Norton Insider Trading Settlement Approved
Posted onThe Securities and Exchange Commission (SEC) announced that, on October 27, 2015, the United States District Court for the District of Arizona entered a settled final judgment against Rebecca Norton, the remaining defendant in SEC v. Mary Beth… Read More
Brown Investment Advisors Charged with Operating Three Offering Frauds
Posted onA settled civil injunctive action was filed by the Securities and Exchange Commission (SEC) against two Pennsylvania investment advisers, Kevin Brown and his father, George Brown, (collectively, the “Browns”), and several entities they managed, for conducting three offering frauds over the… Read More
John Williams Charged with Conducting Misappropriation Scheme and Offering Fraud
Posted onOn October 20, 2015, the Securities and Exchange Commission (SEC) charged John Clifford Williams with his involvement in a misappropriation scheme. The complaint alleges that Williams misappropriated and diverted more than $3.1 million illicit funds that he accumulated from… Read More
Court Reaches Final Judgement of Disgorgement and Civil Penalties Against Stock Fraudsters
Posted onThe Securities and Exchange Commission (SEC) announced on October 26, 2015 that on October 23, 2015, the United States District Court for the Eastern District of New York entered a final judgment against two fraudsters, Joseph Catapano and… Read More
Why Operation Shell Expel Gets an F
Posted onBetween January of 2000 and present, the Securities and Exchange Commission (the “SEC”) has suspended or halted thousands of publicly traded companies under its highly publicized agenda known as Operation shell Expel. Many were dormant penny stock issuers suspended to prevent corporate hijackings by fraudsters setting up receivership or custodianship shells. Others were penny stock issuers engaged in massive pump and dump schemes. Some of the suspended companies had been dormant for almost a decade.
Settlement Reached in Vladimir Eydelman Insider Trading Case
Posted onOn October 23, 2015 the Securities and Exchange Commission (SEC) announced a settlement with a stockbroker who was previously charged with insider trading in advance of over a dozen pending corporate transactions. These charges found Vladimir Eydelman guilty of insider trading and claims… Read More
Default Judgment Grants Full Relief Against Premiere Power and Its Chairman in Offering Fraud
Posted onOn October 21, 2015 the Securities and Exchange Commission (SEC) announced that on October 9, 2015, the United States District Court for the Southern District of New York entered default judgments against Premiere Power, LLC and its Chairman,… Read More
Schedule 13D and 13G Filing Requirements Securities Lawyer 101 Q&A
Posted onThe Exchange Act requires beneficial owners of more than 5 percent of a class of equity securities of a Securities & Exchange Commission (SEC) reporting issuer to disclose information relating to their beneficial ownership by filing a Schedule 13D or Schedule 13G with the SEC. This blog post addresses the most common questions we receive about Schedules 13D and Schedule 13G beneficial ownership reporting.
Keeping A Close Watch On Equity Crowdfunding
Posted onWith equity crowdfunding now legal, we can expect to see the Securities & Exchange Commission (“SEC”) keeping a close watch for unregistered broker dealers and funding portals. In an administrative proceeding a few weeks ago, the SEC ordered… Read More
Donald Lester and His Private Firm Charged with Fraud
Posted onOn October 16, 2015, the Securities and Exchange Commission (SEC) filed fraud and other charges against Donald Lester and his private equity firm, Rubicon Alliance, LLC (“Rubicon”). According to the SEC’s fraud complaint, from about January 2010 through December… Read More
Hedge Fund Manager Lonny Bernath Charged with Fraud
Posted onOn October 13, 2015, the Securities and Exchange Commission (SEC) charged a hedge fund manager from Charlotte, Lonny Bernath, with defrauding investors in three hedge funds over several years. The SEC filed a complaint stating that between at least… Read More
SEC Charges Nicolas Zanen and His Friend with Insider Trading
Posted onThe Securities and Exchange Commission (SEC) announced on October 9, 2015 that it has charged Nicolas Zanen, Vice President of Trading at a subsidiary of Cheniere Energy, Inc., and his college friend, Francis van Steenberge, with insider trading in… Read More
Equity Crowdfunding Approved – Going Public Attorney
Posted onEquity Crowdfunding was adopted pursuant to Title III of the Jumpstart Our Business Act (JOBS Act). The rule allows companies to raise up to $1 million every 12 months in a crowdfunding campaign using an online funding portal or registered broker-dealer.
SEC Issues Trading Suspension of Locan & American Power Corp
Posted onOn October 30, 2015, the U.S. Securities and Exchange Commission (“SEC”) announced the temporary suspension of trading in the securities of American Power Corp. (AMPW) and Locan, Inc. (LOCN). The SEC trading suspension commenced at 9:30 a.m. EDT on… Read More
SEC Wins Summary Judgment Against Allen Smith
Posted onThe Securities and Exchange Commission (SEC) announced on October 8, 2015 that Judge Paul Barbadoro of the United States District Court for the District of New Hampshire entered summary judgment in favor of the SEC on its claims… Read More
SEC Addresses Equity Crowdfunding – Going Public Attorney
Posted onOn October 30, 2015, three years after The JOBS Act became law, the Securities and Exchange Commission (SEC) will vote in an Open Meeting to consider whether to: adopt rules and forms related to the offer and sale… Read More
Court Enters Default Judgment Against James Erwin and Malom Group
Posted onThe Securities and Exchange Commission (SEC) announced on October 8, 2015 that the United States District Court for the District of Nevada entered default judgments against Las Vegas-based James Erwin and his corporate entity, Las Vegas-based Joint Venture… Read More
SEC Obtains Final Judgments Against Operators of a Ponzi Scheme
Posted onOn October 8, 2015, the Securities and Exchange Commission (SEC) announced that the Court entered final judgments on September 28, 2015, against Garfield Taylor, Jeffrey King, Garfield Taylor, Inc. (“GTI”), Gibraltar Asset Management Group, LLC (“Gibraltar”) and The… Read More
SEC Charges Oscar Wu With Settled Insider Trading
Posted onThe Securities and Exchange Commission (SEC) on October 7, 2015 filed settled insider trading charges against Oscar Wu, a former portfolio manager at a New York-based investment adviser. The SEC claims that, during the course of his employment… Read More
Former Executives of OCZ Technology Group Charged with Fraud
Posted onThe Securities and Exchange Commission (SEC) on October 6, 2015, charged two former top executives at OCZ Technology Group, Inc. for accounting failures at the now-bankrupt seller of computer memory storage and power supply devices. In a complaint filed in… Read More
SEC Charges Steve Chen With Fraud and Imposes Asset Freeze
Posted onOn September 22, 2015, the Securities and Exchange Commission (SEC) filed, under seal, fraud charges and, on September 28, obtained asset freezes against the operator of a worldwide pyramid scheme that falsely promised investors would profit from a… Read More
James Quay Found Guilty for Perjury and Fraud
Posted onThe Securities and Exchange Commission (SEC) announced on October 5, 2015 that on September 28, 2015, Judge Richard Story of the United States District Court for the Northern District of Georgia found James Quay guilty of criminal contempt… Read More
The SEC Charges Arizona Players with Embezzlement
Posted onThe Securities and Exchange Commission (SEC) charged five Arizona residents with embezzlement. Allegedly, these residents stole millions of dollars from investors to make car payments, buy clothes, and fund travel and entertainment at luxury resorts, casinos, and strip… Read More
Final Judgement Entered Against Amyot And Spencer Pharmaceutical
Posted onThe Securities and Exchange Commission (SEC) announced October 1, 2015 that on September 30, 2015, the United States District Court for the District of Massachusetts issued an order setting final judgments in an enforcement action filed in December 2012 against… Read More
SEC Obtains Summary Judgment Against Andrew Farmer in Pump-And-Dump Scheme
Posted onThe Securities and Exchange Commission (SEC) announced on October 9, 2015, that on October 7, 2015, it secured a summary judgment on all of its claims against Andrew Farmer in a market manipulation case involving the securities of Chimera… Read More
Category: Blog Posts Tags: 15c-211, 15c2-11, Adam Tracey, Adam Tracy, Adam Tracy attorney, Adam Tracy disbar, Adam Tracy Lawyer, Andrew Farmer, attorney letter, beneficial owners, broker-dealer, confidential, Confidential Form S-1, convertible note lender, Dealer, Dilution Funder, Dilution Funding, Dilutive Financing, Direct Public Offering, Direct Public Offering Attorney, Direct Public Offering Attorneys, Direct Public Offering Lawyer, Disclosure Statement, DPO, Edgar, Exchange Act, Financial Industry Regulatory Authority, Financial Statements, FINRA, Foreign Issuer, Form 1-A, Form 1-K, Form 1-SA, Form 1-Z, Form 10-K, Form 211, Form S-1, Form S-1 Attorney, Form S-1 Lawyer, Form S-1 Registered Offering, Form S-1 Registered Stock, Form S-2, Form SEC, Go Public Direct, Going Public, Going Public Attorney, Going Public Attorneys, Going Public Lawyer, Going Public Lawyers, initial public offering, investors, IPO, Listing Fees, Market Maker, nasdaq, New York Stock Exchange, nyse, otc, OTC Markets, OTC Markets Alternative Reporting, OTC Markets and Sponsoring Market Maker, OTC Markets Applicants, OTC Markets Attorney, OTC Markets Group, OTC Markets Lawyer, OTC Markets Link, OTC Markets Market Maker, OTC Markets OTC Pink, OTC Markets OTC Pink Common Disclosure Issues, OTC Markets OTCQB, OTC Markets OTCQX, OTC Markets Sponsoring Market Maker, OTC Pink, OTCQB, OTCQB applicants, OTCQB Standards, OTCQX, OTCQX applicants, OTCQX rules, Penny Stock, Pink Current, Pink Limited Information, Pink No Information, pink sheets, Public Company, Public Disclosures, Quotation, Registered Direct Public Offering, Registration Statement, Regulation A, Regulation A Qualification, Regulation A Reporting, Regulation C, Regulation S-K, Regulation S-X, Reporting Requirement, Reporting Requirements, Rule 12g3-2(b), Rule 15c2-11, S-1 registration statement, SEC, SEC Comments, SEC Division of Corporation Finance, SEC Effectiveness, SEC filer, SEC Qualification, SEC Reporting, SEC Reporting Obligations, SEC Reporting Requirements, Securities Act, Securities Act of 1933, Securities and Exchange Commission, Securities Attorney, Securities Exchange Commission, Toxic Convertible Note, toxic financier, toxic financing, Toxic Financings, toxic funding, Toxic Lender, toxic lending, Transfer Agent, Underwriter, Underwriting, Unregistered Dealer