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
Trade Secrets
Posted onOn December 28, 2012, the Theft of Trade Secrets Clarification Act became law. The Act amends the Economic Espionage Act of 1996 (EEA) and expands the jurisdiction of federal courts in cases regarding the theft of trade secrets. The… Read More
Ranjan Mendonsa and Ammar Akbari Charged with Insider Trading
Posted onThe Securities and Exchange Commission (SEC) announced on October 1, 2015 that on September 28, 2015, the Honorable Haywood Gilliam of the United States District Court for the Northern District of California entered a final judgement against defendants Ranjan Mendonsa… Read More
Securities Lawyer 101 Blog Wins Third Place In Best Legal Blog Contest
Posted onOur readers have spoken. Securities Lawyer 101 written by Brenda Hamilton, a securities and going public attorney has won third place in overall winners in The Expert Institute’s Best Legal Blog Competition. From a field of more than 2,000 legal… Read More
SEC Charges Executives of ContinuityX Solutions with Fraud
Posted onThe Securities and Exchange Commission (SEC) announced that it charged two former executives of ContinuityX Solutions, Inc. with fabricating nearly all of the company’s revenue and enriching themselves in the process. Metamora, Illinois-based ContinuityX was a publicly traded… Read More
Charles Riel and REinvest LLC Charged with Securities Fraud
Posted onOn September 29, 2015, the Securities and Exchange Commission (SEC) charged a company and its manager with securities fraud of their investors by promising them outlandish “low risk” investment returns and then misusing the investors’ money to, among other… Read More
Lee Dana Weiss Charged with Self-Dealing and Failure to Disclose
Posted onThe Securities and Exchange Commission (SEC) announced on September 29, 2015 fraud charges against a registered investment adviser and its owner for allegedly participating in self-dealing and failing to communicate material facts to clients about conflicts of interest, use of… Read More
Jose Ramirez Charged by the SEC for Conducting Fraudulent Scheme
Posted onOn September 29, 2015, the Securities and Exchange Commission (SEC) charged Jose Ramirez, a former top broker at UBS Financial Services Incorporated of Puerto Rico (“UBSPR”), who made material misrepresentations and omissions and conducted a fraudulent scheme that… Read More
NYSE Amends Rules For The Release of Material News
Posted onHalts Before Open Under the amended NYSE Listed Company Manual, between 7:00 a.m. and the opening of trading, the NYSE can implement a regulatory halt if (i) the listed company has informed the NYSE staff that it intends… Read More
Five Florida Residents Charged by the SEC With Insider Trading
Posted onThe Securities and Exchange Commission (SEC) on September 28, 2015 charged five Florida residents, including a lawyer and an accountant with insider trading before the acquisition of Pharmasset Inc. by Gilead Sciences Inc. The SEC filed a complaint claiming that attorneys Robert Spallina and… Read More
SEC Charges Roger Bliss With Obstruction of Justice
Posted onThe Securities and Exchange Commission (SEC) announced on September 2, 2015 that an alleged investment club fraudster whose assets were frozen in an SEC enforcement action earlier this year has now been criminally charged by a grand jury for… Read More
SEC Charges Trinity Capital Corporation with Fraud
Posted onThe Securities and Exchange Commission (SEC) announced on September 28, 2015 that Trinity Capital Corporation and its wholly-owned subsidiary, Los Alamos National Bank, have agreed to pay $1.5 million to settle accounting fraud charges. An SEC investigation found… Read More
EPermaPave Industries Is A Ponzi Scheme – Brenda Hamilton Attorney
Posted on-Posted by Brenda Hamilton- The Securities and Exchange Commission (SEC) announced on September 2, 2015 that U.S. District Court Judge Jed S. Rakoff has ordered that Defendants Eric Aronson, Fredric Aaron, and Vincent Buonauro must each disgorge all… Read More
SEC Charges Eldrick Woodley with Embezzlement of Client Funds
Posted onThe Securities and Exchange Commission (SEC) on September 22, 1015, filed fraud charges against Eldrick Woodley, a Houston-based investment advisor, for the embezzlement of more than $147,000 in client capital. According to the SEC’s complaint, filed in the U.S. District… Read More
SEC Charges Hitachi, LTD. With Violation of FCPA
Posted onThe Securities and Exchange Commission (SEC) on September 28, 2015 charged Tokyo-based conglomerate Hitachi, Ltd. with violating the Foreign Corrupt Practices Act (FCPA) when it falsified documents regarding payments to South Africa’s ruling political party connected with contracts to… Read More
SEC Files Charges Against Ralph Pirtle and Morando Berrettini for Insider Trading
Posted onThe Securities and Exchange Commission (SEC) announced on September 25, 2015 that on September 24, 2015, a jury in federal district court in Chicago, Illinois, returned a verdict finding Ralph J. Pirtle and Morando Berrettini responsible for insider… Read More
SEC Charges GenAudio and CEO With Fraudulent Stock Offerings
Posted onThe Securities and Exchange Commission (SEC) filed a civil injunctive action on September 25, 2015, in the United States District Court for the District of Colorado relating to the fraudulent offer and sale of stock in GenAudio, Inc. The SEC… Read More
SEC Charges Six in Securities Fraud Scheme
Posted onOn September 24, 2015 the Securities and Exchange Commission (SEC) charged six men, including a father and three sons, with securities fraud associated with Gerova Financial Group Ltd., whose shares once traded on the New York Stock Exchange. In a parallel… Read More
$32 Million Amber Mining Pyramid Scheme Halted by the SEC
Posted onOn October 1, 2015, the Securities and Exchange Commission (“SEC”) announced it had frozen the assets and filed fraud charges against the operator of a worldwide pyramid scheme who falsely promised investors that they would profit from a… Read More
FINRA Expels Halcyon Cabot Partners
Posted onThe Financial Industry Regulatory Authority (FINRA) announced today that it has expelled Halcyon Cabot Partners, Ltd., and barred Chief Executive Officer Michael Morris and Chief Compliance Officer Ronald Heineman from the securities industry, for securities fraud, sales practice… Read More
SEC Settles Aiding and Abetting Charges Against Joseph Apuzzo
Posted onOn September 8, 2015, Judge Alvin Thompson of the U.S. District Court for the District of Connecticut entered a judgment against Joseph Apuzzo, former Chief Financial Officer of Terex Corporation. Apuzzo consented, without admitting or denying the allegations… Read More
Anthony Knight Barred, Enjoined, and Fined for Unregistered Securities
Posted onOn Thursday, September 3, 2015, United States District Court Judge Denis R. Hurley of the United States District Court for the Eastern District of New York issued an order and judgment imposing relief against Defendant Anthony Knight, the… Read More
Consultant Charged With Insider Trading
Posted onOn September 23, 2015, the Securities and Exchange Commission (SEC) charged a consultant and his friend with insider trading in the options of P.F. Chang’s China Bistro based on nonpublic information about an impending acquisition offer. The SEC… Read More
SEC Announces New Resource – Going Public Attorneys
Posted onPosted By the Going Public Attorneys On September 24, 2015, the Securities & Exchange Commission (SEC) announced a new resource on its website that is designed to enhance transparency by providing information about the SEC proposals and rulemaking… Read More
Former Fannie Mae Executives Resolve Subprime and Reduced Documentation Disclosure Case with SEC
Posted onThe Securities and Exchange Commission (SEC) announced on September 22, 2015 that the Honorable Paul A. Crotty of the United States District Court for the Southern District of New York has entered an Order approving a stipulation and… Read More
SEC v. Two Men Who Defrauded Investors
Posted onOn September 21, 2015 the Securities and Exchange Commission (SEC) charged two men behind a scheme that defrauded investors in YaFarm Technologies Inc., a company that purported to provide stem cell therapy. The SEC’s complaint filed in federal… Read More
SEC Charges Penny Stock Company and CEO with Fraud and Issuing a False Press Release
Posted onOn September 15, 2015, the Securities and Exchange Commission (SEC) charged a microcap issuer, The Mobile Star Corporation, and its CEO George Ivakhnik, with defrauding investors by issuing false press releases about the company’s business and prospects…. Read More
