Paul Pelosi Jr’s Adventures in Pennyland
In mid-January 2022, British tabloid the Daily Mail published a long story about U.S. House Speaker Nancy Pelosi’s son Paul Jr, in which it was alleged that he’d been involved in a number of shady businesses, some of… Read More
Category: Blog Posts Tags: Annpurna Corporation, Asa Saint Clair, Aspen Leasing Services, Bridge Equity Inc, Bridge Financial, Bridge Securities LLC, CNN, con, Countryland Wellness Resorts, Countrywide Home Loans, Daily Mail, fda, FOGFuels, Food and Drug Administration, Freedom Leaf, FRLF, Geoffrey Berman, GL Brands, GRLB, Hillary Clinton, IGOBit, Indictment, InfoGROUP, Ivanka Trump, James E Cohen, Joseph Corazzi, Las Vegas Entertainment Network, LVEN, Miller Energy Resources, MILLQ, Nancy Pelosi, Natural Blue Resources, NTUR, NY Post, OTC Markets, Paul Marshall, Paul Pelosi, Paul Pelosi Jr, Penny stocks, Rajnish K Das, scam, SEC, Securities and Exchange Commission, Stormy L Dean, Targeted Medical Pharma, Toney Anaya, TRGM, US House Speaker, Vasant H Raval, Vin Gupta, Walter Karl Inc
SEC Charges Securities Fraud Recidivist Phillip W. Offill, Jr. and Justin W. Herman in Penny Stock Fraud Scheme
On January 19, 2022, the Securities and Exchange Commission charged securities fraud recidivist Phillip W. Offill, Jr. and Justin W. Herman (a former FINRA registered broker) with misappropriating and selling millions of shares of a penny stock company using… Read More
Category: Blog Posts Tags: Bob Mitchell, Charles Winters Jr, Chuck Winters Jr, Dodd Frank Bounty, dodd-frank, Ian Horn, Indictment, Justin W Herman, Mansfield-Martin Exploration Mining Inc, MCPI, NERG, NuTech Energy Resources Inc, Phillip W Offill Jr, Robert Mitchell, 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
Christopher R. Esposito Charged with Securities Fraud
On January 7, 2022, Christopher R. Esposito, 55, of Everett, was charged and has agreed to plead guilty to one count of securities fraud. Esposito, the sole officer and director of Massachusetts marketing firm Code2Action Inc, was charged… Read More
Category: Blog Posts Tags: Anthony Jay Pignatello, Cannabiz Mobile Inc, Christopher R Esposito, Code2Action Inc, Dodd Frank Bounty, dodd-frank, James Gondolfe, LGBI, Lionshare Ventures LLC, Renee Galizio, 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 Commissioners Differ on Key Policies
Just before the end of 2021, Elad L. Roisman, one of the SEC’s five Commissioners, announced his resignation, effective at the end of January 2022. In a statement posted on the agency’s website, he said: Serving the American… Read More
Category: Blog Posts Tags: Allison Herren Lee, Barack Obama, Caroline A. Crenshaw, Democrat, Donald Trump, Elad L Roisman, Form 211 and Amended 15c-211, Gary Gensler, Grey Sheets, Hester Pierce, Jay Clayton, Market Maker, Mary Jo White, Mary Shapiro, OTC Markets and Sponsoring Market Maker, OTC Markets Pink, Republican, rule 15c-211, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Chairman, SEC Claim, SEC Commissioner, 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, Unsolicited quotes
Five Russians Charged in Hacking and Illegal Trading Scheme
On December 20, 2021, the Securities and Exchange Commission announced fraud charges against five Russian nationals for engaging in a multi-year scheme to profit from stolen corporate earnings announcements obtained by hacking into the systems of two U.S.-based… Read More
Category: Blog Posts Tags: Capstead Mortgage Corp., Democratic Party, Dodd Frank Bounty, dodd-frank, hacking, hacking scheme, Hillary Clinton, Igor Sladkov, Illegal trading, Inc, Indictment, Ivan Ermakov, Ivan Yermakov, M-13, Mikhail Irzak, Nevro Corp, Nikolai Rumiantcev, Russian, Russian Main Intelligence Directorate, 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, SS&C Technologies, Tesla, trading scheme, trading suspension, US elections, Vladislav Kliushin
More Individuals Charged in Billion Dollar Penny Stock Pump and Dump/Money Laundering Operation
On Thursday, December 9th, three more Canadian citizens were charged by the Securities and Exchange Commission as part of what has been described as a long-running global pump and dump scheme that collectively generated over a billion dollars… Read More
Category: Blog Posts Tags: AJBI, Ami James Brands Inc, Axiom Corp, AXMM, Bahamas, Belize, Benjamin Thompson Kirk, Bermuda, Blacklight SA, Brian Quinn, Brighton Markets, Cliff Wilkens, Courtney Kelin, Daniel Lacher, David Skriloff, Dodd Frank Bounty, dodd-frank, DogInn Inc, Dominican Republic, First Nevisian Stockbrokers Ltd, FN Group, Frederick L Sharp, Geoffrey Allen Wall, Gibraltar Global Securities, GNIN, Green Innovations Ltd, HE Capital SA, IDNG, Independence Energy Corp, iTalk Inc, Jay Kirk Lee, Keith King, Kenneth Ciapala, Kevan Garner, Luis Jimenez Carrillo, Mattehew Ledvina, Medijane Holdings Inc, Michael T Gastauer, Milan Patel, MJMD, MKIT, Mokita Exploration Ltd, Money Laundering, Morrie Tobin, Nevis, NNRX, Northern Minerals & Exploration Ltd, Nutranomics Inc, offshore, Pacific Blue Energy Corp, Penny stocks, Phoenix Life Sciences International, Punchline Resources Ltd, PUNL, RedHawk Holdings Corp, Roger Knox, 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, Silverton SA, Switzerland, TALK, Theresa Sharp, Tradeshow Marketing Company Ltd, trading suspension, Ulrik Debo, Vapor Hub International Inc, VHUB, Virgilio Santana Ripoll, Willow Creek Enterprises Inc, WinterCap SA, WLOC, Zhiying Yvonne Gasarch
SEC Charges Robert Gandy and Others in 3(a)(10) Penny Stock Scheme
On November 9, 2021, the Securities and Exchange Commission charged four individuals and their companies, including a securities fraud recidivist, with scheming to issue free-trading shares of two penny stock companies through the use of bogus documents in… Read More
Category: Blog Posts Tags: 3(a)(10), Barry Miller, Billy Chang, CF3 Enterprises LLC, Clarence Fitchett, Dodd Frank Bounty, dodd-frank, DRWN, Kathy Givens-Gandy, Macau Capital Investments, MCIM, Metrospaces Inc, Meyers Associates LP, MSPC, PGI Energy Inc, Pythagoras Group, Quantum Medical Transport Inc, Richard Astrom, Robert Gandy, 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, Silverback Promotions LLC, trading suspension, Windsor Street Capital LP
Amended Rule 15c2-11 is Bad News for Shell Vendors
Though nearly two months have passed since compliance with the Securities and Exchange Commission’s amended Rule 15c2-11 became mandatory on September 28, 2021, the OTC marketplace is still reeling from the effects of its implementation. The new rule… Read More
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Unregistered Dealer Activity Not Just For the SEC Anymore
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
Steven Gallagher Arrested And Charged With Securities Fraud For Using His Twitter Account To Operate A Pump-And-Dump Scheme
On Tuesday, October 26th, Steven Gallagher 50, of Maumee, Ohio, was arrested and charged with securities fraud, wire fraud, and market manipulation. According to the Complaint filed in Manhattan federal court, Gallagher created a stock promotion account on… Read More
Category: Blog Posts Tags: AFOM, AHFD, Alex DeLarge, AlexDelarge6553, Alpine 4 Holdings Inc, ALPP, Anthony Burgess, ARST, ASTA, ATOS, AZFL, BBDA, BFCH, BLSP, BMIX, BNGO, BOTY, BRNW, BZWR, CBBT, CBDD, CGAC, CGLD, CHNC, Clockwork Orange, CMGO, COUV, CSLE, DCLT, DKGR, Dodd Frank Bounty, dodd-frank, DPLS, DRNK, DSGT, EHOS, ENZC, Enzolytics Inc, EVTI, EVUS, GEGP, GHST, GLCO, GTLL, HDII, HMBL, HUMBL Inc, Indoor Harvest Corp, INND, INQD, IPWG, JADA, LFER, LMFA, MEDT, NOHO, NTLK, PDPR, PHBI, PTTN, pump and dump, SCIE, 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, SpectraScience Inc, SPO Global Inc, SPOM, Stanley Kubrick, Steven Gallagher, Stock Scalping, Tesoro Enterprises Inc, TLSS, TNSP, trading suspension, TSOI, TXTM, UAPC, VXIT, WTII, XTRM
Will Small Cap Investors Embrace Donald Trump’s DWAC? The latest Reddit Meme Stock
Since the fall of 2019, we’ve written a number of times about the Securities and Exchange Commission’s amendments to Rule 15c2-11, which, most importantly, require over-the-counter stocks to provide “current information” to the public. Since the end of… Read More
Category: Blog Posts Tags: 15c-211, AMC, AMC Entertainment Holdings, APES, ARC Global Investments II LLC, Benchmark Investments LLC, Boaz Weinstein, Digital World Acquisition Corp, Donald J Trump, Donald Trump, DWAC, DWACU, DWACW, Expert Market, FINRA, GameStop, Gary Gensler, GME, Grey Market, Grey Sheets, hedge funds, HODS, Lighthouse Investment Partners, Luis Orleans-Braganza, meme stocks, nasdaq, nyse, OTC Markets, Patrick Orlando, Penny stocks, pink sheets, Reddit, Robinhood, Rolling Stone, Saba Capital Management, SEC, SPAC, stocks, The Verge, TMTG, Trump Media & Technology Group, Truth Social, Unsolicited quotes, WallStreetBets, YOLO
Federal Jury Convicts Defendants In NuTech Energy Resources Securities Fraud
On Wednesday, October 13, 2021, a federal jury in Cheyenne returned guilty verdicts against a Pennsylvania man and two Florida men related to a stock fraud involving NuTech Energy Resources Inc., a company that claimed to operate coalbed-methane… Read More
Category: Blog Posts Tags: Bob Mitchell, Charles Winters Jr, Chuck Winters, Dodd Frank Bounty, dodd-frank, ECMZ, EcoEmissions Solutions Inc, Ian Horn, Justin Herman, Kevin Trizna, NERG, NuTech Energy Resources Inc, OTC Markets Group, Robert Mitchell, Robert William Mitchell, 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 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 Obtains Emergency Relief Against Richard Xia Charged with EB-5 Securities Fraud
On September 28, 2021, the Securities and Exchange Commission (the “SEC”) announced that it filed an emergency action and obtained an asset freeze, among other relief, against Richard Xia (aka Yi Xia) and his company, Fleet New York… Read More
Category: Blog Posts Tags: Asset Freeze, Dodd Frank Bounty, dodd-frank, EB-5, Federal New York Metropolitan Regional Center LLC, Fleet New York Metropolitan Regional Center, Form F-1, Form S-1, Going Public, JiQing Yue, Julia Yue, Racanelli Construction Group Inc, Richard Xia, 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, Yi Xia
SEC Sues Carebourn Capital, L.P. and Its Managing Partner Chip Rice for Acting as an Unregistered Securities Dealer
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
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Section 12(j) – SEC Termination of Registration, Revocation and Trading Suspensions
Proceedings under Section 12(j) of the Securities Exchange Act of 1934, (the “Exchange Act”) are frequently initiated when an SEC reporting company has failed to comply with its SEC reporting requirements. Section 12(j) authorizes the SEC to revoke… Read More
Category: Blog Posts Tags: 12(j) revocation, 12(j) Suspension, 15c2-11, Blue Sky, broker-dealers, FINRA, FINRA Rule 15c2-11, Form 10, Form 211, Form 211 and Amended 15c-211, Form 211 Attorney, Form 211 Attorneys, Form 211 Lawyer, Form 211 Lawyers, Form S-1, Going Public, Grey Sheets, Market Maker, otc, OTC Markets Pink, Periodic Reports, Reporting Company, rule 15c-211, Rule 15c2-11, SEC, SEC Administrative Proceeding, SEC Attorney, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Reporting, SEC Reporting Requirements, SEC Section 12(j), SEC Trading Suspension, Section 12, Section 12(j), Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading suspension, Unregistered Dealer, Unsolicited quotes
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
Forms 211: OTC Markets’ New Role – Quotation, Trading Suspensions and Listing
We’ve written several times about the Securities and Exchange Commission’s (“SEC”) amendments to Rule 15c2-11, first proposed in September 2019 and adopted in September 2020. The amended rule will finally become effective on September 28, 2021. That is… Read More
Category: Blog Posts Tags: FINRA, FINRA Rule 5250, Form 211 and Amended 15c-211, Grey Sheets, Market Maker, OTC Bulletin Board, OTC Markets, OTC Markets and Sponsoring Market Maker, OTC Markets Group, OTC Markets Pink, OTC Pink, pink sheets, rule 15c-211, Rule 15c2-11, SEC, Securities and Exchange Commission, Sponsoring Market Maker, Unsolicited quotes
Amended Rule 15c-211 Is Only a Week Away – Going Public, Form S-1, Form 211
We last wrote about the Securities and Exchange Commission’s new Rule 15c2-11 in early August. The amended rule was proposed in September 2019; the final rule appeared in September 2020. Now the compliance deadline, September 28, 2021, is… Read More
Category: Blog Posts Tags: 15c2-11, Blue Sky, broker-dealers, FINRA, FINRA Rule 15c2-11, Form 211, Form 211 and Amended 15c-211, Form 211 Attorney, Form 211 Attorneys, Form 211 Lawyer, Form 211 Lawyers, Form F-1, Form S-1, Going Public, Grey Sheets, Market Maker, otc, OTC Markets and Sponsoring Market Maker, OTC Markets Pink, Regulation A, Regulation A Secondary Sales, Regulation A Tier 2, Regulation A+. Tier 1, Reporting Company, rule 15c-211, Rule 15c2-11, SEC, SEC Administrative Proceeding, SEC Attorney, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Reporting, SEC Reporting Requirements, SEC Trading Suspension, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading suspension, Unregistered Dealer, Unsolicited quotes
SEC Surpasses $1 Billion in Total Whistleblower Awards
On September 15, 2021, the Securities and Exchange Commission (the “SEC”) awarded approximately $110 million to a whistleblower whose information and assistance led to successful SEC and related actions. With the award, the SEC’s whistleblower program has now… Read More
Category: Blog Posts Tags: Dodd Frank Bounty, dodd-frank, Form F-1, Form S-1, Going Public, 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 Attorney Frederick Bauman with Participation in IIIegal, Unregistered Securities Offerings
On September 8, 2021, the Securities and Exchange Commission (the “SEC”) charged Nevada resident Frederick Bauman with playing a critical role as an attorney who facilitated the unregistered sale of millions of shares of securities by two groups… Read More
Category: Blog Posts Tags: American Lithium Minerals Inc, AMLM, Anthony Killarney, Barbara Bauman, BioHemp International Inc, BKIT, Blake Insomnia Therapeutics Inc, Bonanza Goldfields Corp, BONZ, Cybersoft Software Inc, CYBF, Dodd Frank Bounty, dodd-frank, EnviroTechnologies International Inc, ETII, Form F-1, Form S-1, Frederick Bauman, Going Public, illegal share sales, Jeffrey Denunzio, Joseph Arcaro, Kenneth Ciapala, Paul Moody, Roger Knox, Sandy Steele Unlimited Inc, 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, share selling scheme, SSTU, Thomas Denunzio, trading suspension, Tyler Crockett, Ubong Uboh, Ulbik Debo, Unregistered Dealer, unregistered share sales
SEC Files Subpoena Enforcement Action Against Alexander Kon
On September 1, 2021, the Securities and Exchange Commission announced that it filed an action against Alexander Kon, a penny stock promoter and resident of Overland Park, Kansas, seeking an order directing him to comply with investigative subpoenas… Read More
Category: Blog Posts Tags: 007stockchat.com, Alexander Kon, awesomestocktips.com, Cannabusiness Group Inc, Casey Cummings, CBGI, Dodd Frank Bounty, dodd-frank, Form F-1, Form S-1, Going Public, JS Media, Michael Cummings, otcfire.com, pennystockspy.com, 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, Stockchat LLC, trading suspension, Unregistered Dealer, World Wide Media Group LLC
A Tale of Two Unregistered Dealers – Toxic Convertible Note Lenders Under SEC Scrutiny
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
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SEC Whistleblower – Dodd Frank Revisions to be Proposed
On August 2, 2021, Gary Gensler, the new chair of the Securities and Exchange Commission (SEC), announced that because he wasn’t entirely pleased with the amendments to the rules governing the agency’s whistleblower program that became final in… Read More
Category: Blog Posts Tags: Barney Frank, Charles Dodd, Dodd Frank Bounty, dodd-frank, Form F-1, Form S-1, Gary Gensler, Going Public, 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, whistleblower
SEC Charges Unregistered Dealers Alexander Dillon, Cosmin Panait, Larry Adams and Salvador Rosillo
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
Emerging Growth Company Status and the Going Public Process
Going public offers many benefits to companies seeking to grow their business, including: Enhanced ability to raise capital, Liquidity for founders and shareholders, Increased visibility Improved financial position, Enhanced credibility, Enhanced ability to attract and retain employees and… Read More
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
Understanding the September 28 Amended Rule 15c2-11 Deadline
As the summer of 2021 enters its final months, investors in the U.S. over-the-counter market and OTC issuers themselves await the rollout of the amended Securities and Exchange Commission (“SEC”) Rule 15c2-11 on September 28. The rule is… Read More
Category: Blog Posts Tags: 15c-211, amended rule, Cass Sanford, custodianships, Dan Zinn, Dodd Frank Bounty, dodd-frank, Expert Market, FINRA, FINRA Rule 15c2-11, Form 211, Grey Market, OTC Markets Group, OTCIQ, OTCM, OTCQX, pink sheets, Rule 15c2-11, 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 regulations, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Shell Company, trading suspension, Unregistered Dealer
SEC Pursues Unregistered Dealers, Toxic Financing, Toxic Convertible Notes
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
SEC charges former Nikola CEO with securities fraud
On July 29th, the Securities and Exchange Commission (the “SEC”) announced charges against Trevor R. Milton, the founder, former CEO and former executive chairman of Nikola Corporation, for repeatedly disseminating false and misleading information – typically by speaking… Read More
Category: Blog Posts Tags: Dodd Frank Bounty, dodd-frank, Indictment, Nikola, Nikola Corporation, 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, Social Media, SPAC, trading suspension, Trevor Milton, Trevor R Milton, Unregistered Dealer
