Securities & Forensic Lawyers https://www.securitieslawyer101.com Forensic Lawyers l Securities Attorneys Sat, 13 Jan 2018 17:13:52 +0000 en-US hourly 1 https://wordpress.org/?v=4.8.5 SEC Suspends Penny Stock Issuers-Posted by Brenda Hamilton https://www.securitieslawyer101.com/2018/penny-stock/ Sat, 13 Jan 2018 17:13:52 +0000 https://www.securitieslawyer101.com/?p=37100 Going Public Lawyer

On January 9, 2018, the U.S. Securities and Exchange Commission (“SEC”) announced the temporary suspension of trading in the securities of three penny stock issuers: Blacksands Petroleum, Inc. (BSPE), China Education Alliance, Inc. (CEAI), DoMark International, Inc. (DOMK), and... Read More

Going Public Lawyer

]]>
SEC Charges Operators of $1.2 Billion Ponzi Scheme Targeting Main Street Investors https://www.securitieslawyer101.com/2018/sec-charges-operators-1-2-billion-ponzi-scheme-targeting-main-street-investors/ Fri, 12 Jan 2018 17:09:39 +0000 https://www.securitieslawyer101.com/?p=37095 Going Public Lawyer

Last month, the Securities and Exchange Commission (“SEC”) announced charges and an asset freeze involving a Boca Raton Ponzi Scheme.  The SEC alleges that the operators  of the fund bilked thousands of retail investors, many of them seniors, in a $1.2 billion Ponzi scheme. SEC... Read More

Going Public Lawyer

]]>
Calissio Resources – A Special Dividend by Any Other Name https://www.securitieslawyer101.com/2017/calissio-resources-cor-clearing/ Tue, 12 Dec 2017 13:23:27 +0000 https://www.securitieslawyer101.com/?p=37080 Going Public Lawyer

More than two years ago, we published the first in a series of articles about problems surrounding the declaration and payment of a special dividend by penny stock issuer, Calissio Resources Group, Inc. (CRGP).  We followed up with... Read More

Going Public Lawyer

]]>
Ibrahim Almagarby and Microcap Equity Group LLC Charged by SEC https://www.securitieslawyer101.com/2017/ibrahim-almagarby/ Fri, 01 Dec 2017 15:22:11 +0000 https://www.securitieslawyer101.com/?p=37068 Going Public Lawyer

The Securities and Exchange Commission charged Ibrahim Almagarby and his company with acting as unregistered dealers in the sale of billions of shares of numerous penny stock issuers. The SEC’s complaint, filed in federal district court in south... Read More

Going Public Lawyer

]]>
John Venditto and Oyster Bay Charged by SEC https://www.securitieslawyer101.com/2017/john-venditto-oyster-bay-charged-sec/ Wed, 29 Nov 2017 19:14:37 +0000 https://www.securitieslawyer101.com/?p=37064 Going Public Lawyer

On November 21, 2017, the Securities and Exchange Commission (“SEC”) announced Oyster Bay, New York, and its former top elected official with defrauding investors in the town’s municipal securities offerings by hiding the existence and potential financial impact... Read More

Going Public Lawyer

]]>
SEC Announces Agenda and Panelists for Small Business Forum https://www.securitieslawyer101.com/2017/sec-announces-agenda-panelists-36th-annual-small-business-forum/ Mon, 27 Nov 2017 19:09:06 +0000 https://www.securitieslawyer101.com/?p=37060 Going Public Lawyer

On November 20, 2017, the Securities and Exchange Commission (“SEC”) announced the agenda and panelists for the 36th Annual Government-Business Forum on Small Business Capital Formation. The November 30 Small Business event will begin at 9 a.m. Central... Read More

Going Public Lawyer

]]>
SEC Names Paul Cellupica as Deputy Director https://www.securitieslawyer101.com/2017/sec-names-paul-g-cellupica-deputy-director/ Fri, 24 Nov 2017 15:00:46 +0000 https://www.securitieslawyer101.com/?p=37057 Going Public Lawyer

On November 20, 2017, the Securities and Exchange Commission (“SEC”) announced that Paul G. Cellupica has been named Deputy Director of the agency’s Division of Investment Management.  Mr. Cellupica will oversee a number of the division’s strategic, rulemaking,... Read More

Going Public Lawyer

]]>
Randall James Settles Fraud Charges https://www.securitieslawyer101.com/2017/randall-james-settles-fraud-charges/ Wed, 08 Nov 2017 15:00:32 +0000 https://www.securitieslawyer101.com/?p=37049 Going Public Lawyer

On October 27, 2017, Randall James, Nashville, Tennessee resident, who isn’t registered to sell investments, has agreed to settle charges that he defrauded investors in his company Global Maximus Productions, which purportedly produced pay-per-view entertainment and concerts. The SEC... Read More

Going Public Lawyer

]]>
Osiris Therapeutics Charged With Accounting Fraud https://www.securitieslawyer101.com/2017/osiris-therapeutics-charged-accounting-fraud/ Mon, 06 Nov 2017 15:00:36 +0000 https://www.securitieslawyer101.com/?p=37052 Going Public Lawyer

On November 2, 2017, the Securities and Exchange Commission (“SEC”) charged Osiris Therapeutics, a Maryland-based biotech company, and four former top executives with prioritizing revenue growth over lawful accounting and misleading investors in the process. The SEC alleges... Read More

Going Public Lawyer

]]>
SEC Files Subpoena Enforcement Action against Wynn Gustafson https://www.securitieslawyer101.com/2017/sec-subpoena-enforcement-wynn-gustafson/ Sat, 04 Nov 2017 14:00:20 +0000 https://www.securitieslawyer101.com/?p=37042 Going Public Lawyer

On October 31, 2017, the Securities and Exchange Commission (“SEC”) announced that the SEC filed an action to enforce compliance with a document subpoena issued and served upon Wynn Gustafson in an SEC investigation captioned In the Matter of... Read More

Going Public Lawyer

]]>
Thomas Buck Settles Charges https://www.securitieslawyer101.com/2017/thomas-buck-settles-charges/ Fri, 03 Nov 2017 14:00:47 +0000 https://www.securitieslawyer101.com/?p=37046 Going Public Lawyer

On October 31, 2017, Thomas Buck, former Merrill Lynch broker, has agreed to pay more than $5 million to settle SEC charges that he fraudulently schemed to increase his personal income by obtaining excessive commissions and fees from... Read More

Going Public Lawyer

]]>
JustInfo LLC Charged for a Futures Trading Scheme https://www.securitieslawyer101.com/2017/justinfo-charged-futures-trading-scheme/ Sat, 21 Oct 2017 14:00:12 +0000 https://www.securitieslawyer101.com/?p=37039 Going Public Lawyer

On October 11, 2017, the Securities and Exchange Commission (“SEC”) announced fraud charges against JustInfo LLC, a Kentucky-based entity, a California-based tax preparer who solicited investors on behalf of the entity, and the entity’s majority owner, for lying to... Read More

Going Public Lawyer

]]>
John Rogicki Charged with Stealing $9 Million https://www.securitieslawyer101.com/2017/john-rogicki-charged-stealing-9-million/ Fri, 20 Oct 2017 14:00:56 +0000 https://www.securitieslawyer101.com/?p=37036 Going Public Lawyer

On October 19, 2017, the U.S. Securities and Exchange Commission (“SEC”) charged John Rogicki, a New York-based investment adviser, with defrauding a non-profit charitable foundation out of $9 million. The SEC alleges that John Rogicki, managing director and... Read More

Going Public Lawyer

]]>
SEC Charges Attorney Marc Celello https://www.securitieslawyer101.com/2017/sec-charges-attorney-marc-celello/ Thu, 12 Oct 2017 14:00:46 +0000 https://www.securitieslawyer101.com/?p=37033 Going Public Lawyer

On October 5, 2017, the Securities and Exchange Commission (“SEC”) announced that it filed fraud charges against an attorney Marc Celello based on his alleged participation in a Ponzi scheme. The SEC’s complaint, filed in federal court in... Read More

Going Public Lawyer

]]>
Richard Cody Indicted for Investment Adviser Fraud and Lying to the SEC https://www.securitieslawyer101.com/2017/richard-cody-indicted-fraud-lying/ Fri, 06 Oct 2017 14:01:09 +0000 https://www.securitieslawyer101.com/?p=37028 Going Public Lawyer

On October 5, 2017, Richard Cody, a former investment adviser and broker representative, whom the Securities and Exchange Commission (“SEC”) has charged with defrauding Massachusetts retirees, has been indicted for deceiving and manipulating his former clients concerning the management of... Read More

Going Public Lawyer

]]>
Robert Stewart Receives Final Judgement https://www.securitieslawyer101.com/2017/robert-stewart-receives-final-judgement/ Fri, 29 Sep 2017 14:00:54 +0000 https://www.securitieslawyer101.com/?p=37017 Going Public Lawyer

On September 28, 2017, the Securities and Exchange Commission (“SEC”) obtained a final judgment against Robert Stewart, the former chief financial officer of a technology company and certified public accountant, who was charged, along with his son, with conducting... Read More

Going Public Lawyer

]]>
Justin Cary Charged with Insider Trading https://www.securitieslawyer101.com/2017/justin-cary-charged-insider-trading/ Tue, 26 Sep 2017 14:00:46 +0000 https://www.securitieslawyer101.com/?p=37014 Going Public Lawyer

On September 21, 2017, the Securities and Exchange Commission (“SEC”) charged Justin Cary, a California-based Certified Public Accountant, with insider trading ahead of an acquisition offer for an advertising technology company. According to the SEC’s complaint, on January 28,... Read More

Going Public Lawyer

]]>
Aegerion Pharmaceuticals Lied About Sales Metrics https://www.securitieslawyer101.com/2017/aegerion-pharmaceuticals-lied-sales/ Mon, 25 Sep 2017 14:00:52 +0000 https://www.securitieslawyer101.com/?p=37011 Going Public Lawyer

On September 22, 2017, the Securities and Exchange Commission (“SEC”) filed fraud charges against Aegerion Pharmaceuticals, a Massachusetts-based bio-pharmaceutical company, that exaggerated how many new patients actually filled prescriptions for an expensive drug that was its sole source of... Read More

Going Public Lawyer

]]>
Woodbridge Ordered to Produce Corporate Documents https://www.securitieslawyer101.com/2017/woodbridge-ordered-produce-documents/ Fri, 22 Sep 2017 14:09:11 +0000 https://www.securitieslawyer101.com/?p=37005 Going Public Lawyer

On September 21, 2017, the Securities and Exchange Commission (“SEC”) obtained an order requiring the Woodbridge Group of Companies LLC, of Sherman Oaks, California, to produce the corporate documents of several company executives and employees, including the President and CEO.... Read More

Going Public Lawyer

]]>
Peter Chang Charged for Insider Trading https://www.securitieslawyer101.com/2017/peter-chang-charged-insider-trading/ Thu, 21 Sep 2017 14:00:37 +0000 https://www.securitieslawyer101.com/?p=37001 Going Public Lawyer

On September 20, 2017, the Securities and Exchange Commission (“SEC”) charged Peter Chang, the former CEO of a Silicon Valley-based fiber optics company, with insider trading in company stock by using secret brokerage accounts held in the names of... Read More

Going Public Lawyer

]]>
Mayank Gupta Settles Insider Trading Charges https://www.securitieslawyer101.com/2017/mayank-gupta/ Mon, 18 Sep 2017 14:00:41 +0000 https://www.securitieslawyer101.com/?p=36998 Going Public Lawyer

On September 13, 2017, the Securities and Exchange Commission (“SEC”) announced that Mayank Gupta, a former auditor, has agreed to settle charges that he tipped his relative with inside information about a client on the verge of a... Read More

Going Public Lawyer

]]>
Scott Newsholme Charged with Stealing Investor Funds https://www.securitieslawyer101.com/2017/scott-newsholme-charged-stealing-funds/ Thu, 14 Sep 2017 14:00:11 +0000 https://www.securitieslawyer101.com/?p=36989 Going Public Lawyer

On September 6, 2017, the Securities and Exchange Commission  (“SEC”) charged Scott Newsholme, a New Jersey-based tax preparer and investment adviser, with stealing more than $1 million from clients to support his gambling habit and other personal expenditures. The... Read More

Going Public Lawyer

]]>
Louis Navellier Charged for False Performance Claims https://www.securitieslawyer101.com/2017/louis-navellier-false-performance-claims/ Wed, 06 Sep 2017 14:00:23 +0000 https://www.securitieslawyer101.com/?p=36982 Going Public Lawyer

On August 31, 2017, the Securities and Exchange Commission (“SEC”) announced fraud charges against investment adviser Navellier & Associates, Inc. and its founder and chief investment officer, Louis Navellier. The SEC’s complaint, filed in federal court in Boston,... Read More

Going Public Lawyer

]]>
Leon Vaccarelli Charged With Fraud https://www.securitieslawyer101.com/2017/leon-vaccarelli-charged-fraud/ Tue, 05 Sep 2017 14:00:45 +0000 https://www.securitieslawyer101.com/?p=36979 Going Public Lawyer

On August 31, 2017, the Securities and Exchange Commission (“SEC”) charged Connecticut-based broker representative and investment adviser Leon Vaccarelli and his company with fraudulently persuading several elderly customers to invest with him and then spending their money on... Read More

Going Public Lawyer

]]>
Celator Pharmaceuticals Employees Charged With Insider Trading https://www.securitieslawyer101.com/2017/celator-employees-insider-trading/ Fri, 01 Sep 2017 14:00:21 +0000 https://www.securitieslawyer101.com/?p=36976 Going Public Lawyer

On August 31, 2017, the Securities and Exchange Commission (“SEC”) charged an accountant and three others with insider trading on market-moving news about Celator Pharmaceuticals, the New Jersey-based pharmaceutical company where the accountant formerly worked. The SEC’s complaint, filed... Read More

Going Public Lawyer

]]>
Lek Securities Motion to Dismiss Denied https://www.securitieslawyer101.com/2017/lek-securities-motion-dismiss-denied/ Thu, 31 Aug 2017 14:00:30 +0000 https://www.securitieslawyer101.com/?p=36971 Going Public Lawyer

On August 25, 2017, the Honorable Denise L. Cote of the U.S. District Court for the Southern District of New York denied a motion by Lek Securities Corporation and its Chief Executive Officer, Samuel Lek, to dismiss the... Read More

Going Public Lawyer

]]>
Deerfield Management Company Agrees to Settle Charges https://www.securitieslawyer101.com/2017/deerfield-settle-charges/ Wed, 30 Aug 2017 14:00:11 +0000 https://www.securitieslawyer101.com/?p=36968 Going Public Lawyer

On Aug. 21, 2017, the Securities and Exchange Commission (“SEC”) announced that hedge fund advisory firm Deerfield Management Company L.P. has agreed to pay more than $4.6 million to settle charges that it failed to establish, maintain, and... Read More

Going Public Lawyer

]]>
Jeremy Drake Charged With Fraud https://www.securitieslawyer101.com/2017/jeremy-drake-charged-fraud/ Tue, 29 Aug 2017 14:00:16 +0000 https://www.securitieslawyer101.com/?p=36963 Going Public Lawyer

On Aug. 22, 2017, the Securities and Exchange Commission (“SEC”) charged investment adviser Jeremy Drake with defrauding two clients, a high profile professional athlete and the athlete’s wife, by deceiving them about the investment advisory fees they were paying. ... Read More

Going Public Lawyer

]]>
Beaumont Financing Authority Settles Charges https://www.securitieslawyer101.com/2017/beaumont-financing-authority-settles-charges/ Mon, 28 Aug 2017 14:00:58 +0000 https://www.securitieslawyer101.com/?p=36958 Going Public Lawyer

On Aug. 23, 2017, the Securities and Exchange Commission (“SEC”) announced that Beaumont Financing Authority, a municipal financing authority in Beaumont, California, and its then-executive director have agreed to settle charges that they made false statements about prior compliance... Read More

Going Public Lawyer

]]>
Adesh Tyagi Receives Final Judgement https://www.securitieslawyer101.com/2017/adesh-tyagi-receives-final-judgement/ Tue, 22 Aug 2017 14:00:33 +0000 https://www.securitieslawyer101.com/?p=36955 Going Public Lawyer

On August 21, 2017, the Securities and Exchange Commission (“SEC”) has obtained a final judgment against Adesh Tyagi, the former CEO of a penny stock company charged with making false claims in press releases and engaging in manipulative trading in... Read More

Going Public Lawyer

]]>
Vergeous LLC, et al. Charged with Offering Fraud https://www.securitieslawyer101.com/2017/vergeous-charged-offering-fraud/ Mon, 21 Aug 2017 14:00:08 +0000 https://www.securitieslawyer101.com/?p=36950 Going Public Lawyer

On August 16, 2017, the Securities and Exchange Commission (“SEC”) announced that Vergeous LLC and Dream Team Partners LLC, two Florida-based video game development companies, and their principal have agreed to pay approximately $293,000 for misleading investors in video game... Read More

Going Public Lawyer

]]>
Banca IMI Securities to Pay $35 Million https://www.securitieslawyer101.com/2017/banca-imi-securities-pay-35-million/ Sun, 20 Aug 2017 14:00:07 +0000 https://www.securitieslawyer101.com/?p=36947 Going Public Lawyer

On Aug. 18, 2017, the Securities and Exchange Commission (“SEC”) announced that broker Banca IMI Securities Corp, an indirect, wholly-owned U.S. subsidiary of Italian bank Intesa Sanpaolo SpA, has agreed to pay more than $35 million to settle charges... Read More

Going Public Lawyer

]]>
Daniel Rivas Center of Insider Trading Scheme https://www.securitieslawyer101.com/2017/daniel-rivas-insider-trading-scheme/ Sat, 19 Aug 2017 14:00:40 +0000 https://www.securitieslawyer101.com/?p=36944 Going Public Lawyer

On August 16, 2017, the Securities and Exchange Commission (“SEC”) announced insider trading charges against seven individuals, Daniel Rivas being one, who generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions.  Data... Read More

Going Public Lawyer

]]>
KPMG Charged with Audit Failures https://www.securitieslawyer101.com/2017/kpmg-charged-audit-failures/ Fri, 18 Aug 2017 14:00:33 +0000 https://www.securitieslawyer101.com/?p=36940 Going Public Lawyer

On Aug. 15, 2017, the Securities and Exchange Commission (“SEC”) announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company,... Read More

Going Public Lawyer

]]>
DiMaria and Gamsey Receive Final Judgements https://www.securitieslawyer101.com/2017/dimaria-and-gamsey-judgements/ Thu, 17 Aug 2017 14:00:15 +0000 https://www.securitieslawyer101.com/?p=36937 Going Public Lawyer

On August 16, 2017, the Securities and Exchange Commission (“SEC”) announced that it has obtained final judgments against DiMaria and Gamsey, two former executives of Bankrate Inc. In September 2015, the SEC charged the two executives, Edward DiMaria and... Read More

Going Public Lawyer

]]>
Final Judgement Obtained Against Louis Martin Blazer III https://www.securitieslawyer101.com/2017/judgement-obtained-louis-martin-blazer-iii/ Tue, 15 Aug 2017 14:00:23 +0000 https://www.securitieslawyer101.com/?p=36934 Going Public Lawyer

On August 10, 2017, the Securities and Exchange Commission (“SEC”) announced that it has obtained a final judgment against Louis Martin Blazer III,  a Pittsburgh, Pa.-based financial adviser, accused of taking money without permission from the accounts of several... Read More

Going Public Lawyer

]]>
Thrift Savings Plan Used In Fraud Case https://www.securitieslawyer101.com/2017/thrift-savings-plan-used-fraud-case/ Mon, 07 Aug 2017 14:00:49 +0000 https://www.securitieslawyer101.com/?p=36931 Going Public Lawyer

On July 31, 2017, the Securities and Exchange Commission (“SEC”) charged four former Atlanta-area brokers with fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan (TSP) retirement accounts into higher-fee, variable annuity products. The... Read More

Going Public Lawyer

]]>
Charges Announced Against John Thomas Financial https://www.securitieslawyer101.com/2017/charges-john-thomas-financial/ Thu, 03 Aug 2017 14:00:53 +0000 https://www.securitieslawyer101.com/?p=36926 Going Public Lawyer

On August 2, 2017, the Securities and Exchange Commission (“SEC”) announced fraud and other charges against two individuals and John Thomas Financial, a related company, for their roles in a manipulative trading scheme involving Liberty Silver Corp., a... Read More

Going Public Lawyer

]]>
Final Judgement Obtained Against Andrew Farmer https://www.securitieslawyer101.com/2017/final-judgement-andrew-farmer/ Wed, 02 Aug 2017 14:00:58 +0000 https://www.securitieslawyer101.com/?p=36923 Going Public Lawyer

On July 24, 2017, the U.S. Securities and Exchange Commission (“SEC”) announced that it has obtained a final judgment against Andrew Farmer, whom the SEC charged with orchestrating a pump-and-dump scheme involving a company that purportedly developed revolutionary technology to enable... Read More

Going Public Lawyer

]]>
Final Judgement Against Stephen Ferrone https://www.securitieslawyer101.com/2017/final-judgement-stephen-ferrone/ Tue, 01 Aug 2017 14:00:18 +0000 https://www.securitieslawyer101.com/?p=36920 Going Public Lawyer

On July 31, 2017, the Securities and Exchange Commission (“SEC”) announced that on July 28, 2017, an Illinois federal court entered a final judgment against Defendant Stephen Ferrone following an April 2016 jury verdict in the Commission’s favor.... Read More

Going Public Lawyer

]]>
SEC Charges Halliburton Company https://www.securitieslawyer101.com/2017/sec-charges-halliburton-company/ Mon, 31 Jul 2017 14:00:33 +0000 https://www.securitieslawyer101.com/?p=36917 Going Public Lawyer

On July 27, 2017, the Securities and Exchange Commission (“SEC”) charged Halliburton Company with violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA) while selecting and making payments to a local... Read More

Going Public Lawyer

]]>
Medicus Homecare Trading Suspension https://www.securitieslawyer101.com/2017/medicus-homecare-trading-suspension/ Sun, 30 Jul 2017 14:00:44 +0000 https://www.securitieslawyer101.com/?p=36914 Going Public Lawyer

The U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of Medicus Homecare Inc. (MDCR) commencing at 9:30 a.m. EDT on July 28, 2017 and terminating at 11:59 p.m. EDT on August 10,... Read More

Going Public Lawyer

]]>
CNK Global Trading Suspension https://www.securitieslawyer101.com/2017/cnk-global-trading-suspension/ Sat, 29 Jul 2017 14:00:39 +0000 https://www.securitieslawyer101.com/?p=36910 Going Public Lawyer

On July 28, 2017, the U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of CNK Global, Inc. (a/k/a American Life Holding Co., Inc.) (ALFE) commencing at 9:30 a.m. EDT on July 28,... Read More

Going Public Lawyer

]]>
Joey Dodson Charged with Fraud https://www.securitieslawyer101.com/2017/joey-dodson-charged-fraud/ Thu, 27 Jul 2017 14:00:30 +0000 https://www.securitieslawyer101.com/?p=36904 Going Public Lawyer

On July 26, 2017, the Securities and Exchange Commission (“SEC”) announced fraud charges against Joey Dodson, the founder of a collection of businesses known as Citadel Energy, which provided fluid management solutions to the oil and gas industry in... Read More

Going Public Lawyer

]]>
Whistleblower Receives $2.5 Million Reward https://www.securitieslawyer101.com/2017/whistleblower-receives-2-5-million/ Wed, 26 Jul 2017 14:00:19 +0000 https://www.securitieslawyer101.com/?p=36901 Going Public Lawyer

On July 25, 2017, the Securities and Exchange Commission (“SEC”) announced an award of nearly $2.5 million to an employee of a domestic government agency whose whistleblower tip helped launch an SEC investigation and whose continued assistance enabled... Read More

Going Public Lawyer

]]>
Alanah, Ascenergy and Gabaldon Final Judgement https://www.securitieslawyer101.com/2017/alanah-ascenergy-and-gabaldon-judgement/ Tue, 25 Jul 2017 14:00:01 +0000 https://www.securitieslawyer101.com/?p=36896 Going Public Lawyer

On June 12, 2017, the Securities and Exchange Commission (“SEC”) announced that it has obtained a final judgment against Ascenergy LLC, Joseph Gabaldon, and Alanah Energy, LLC. The SEC’s complaint alleges that, since at least 2014, Ascenergy and Gabaldon engaged... Read More

Going Public Lawyer

]]>
SEC Files Second Subpoena Against Andrew Coldicutt https://www.securitieslawyer101.com/2017/files-subpoena-andrew-coldicutt/ Mon, 24 Jul 2017 14:00:58 +0000 https://www.securitieslawyer101.com/?p=36891 Going Public Lawyer

On July 21, 2017, the Securities and Exchange Commission (“SEC”) announced that it has filed a subpoena enforcement action against Andrew Coldicutt and the Law Offices of Andrew Coldicutt. According to the SEC’s application and supporting papers, filed... Read More

Going Public Lawyer

]]>
Michael Trahan Charged for Insider Trading https://www.securitieslawyer101.com/2017/michael-trahan-charged-insider-trading/ Sun, 23 Jul 2017 14:00:30 +0000 https://www.securitieslawyer101.com/?p=36883 Going Public Lawyer

On June 7, 2017, the Securities and Exchange Commission (“SEC”) announced fraud charges against Michael Trahan for insider trading in the securities of The Shaw Group, Inc. (Shaw), a Louisiana-based energy construction company, ahead of a public announcement that... Read More

Going Public Lawyer

]]>
Flowers and Nevett Charged with Fraud https://www.securitieslawyer101.com/2017/flowers-and-nevett-charged-fraud/ Sat, 22 Jul 2017 14:00:19 +0000 https://www.securitieslawyer101.com/?p=36888 Going Public Lawyer

On July 19, 2017, the Securities and Exchange Commission (“SEC”) announced fraud charges against Flowers and Nevett, two California men, and a company behind an alleged scheme to manipulate the stock prices of two shell companies. The SEC alleges... Read More

Going Public Lawyer

]]>
SEC Bars David Lubin https://www.securitieslawyer101.com/2017/sec-bars-david-lubin/ Fri, 21 Jul 2017 14:00:58 +0000 https://www.securitieslawyer101.com/?p=36879 Going Public Lawyer

On July 19, 2017, the Securities and Exchange Commission (“SEC”) barred David Lubin, a New York-based attorney, from appearing or practicing before it and acting as an officer or director of a public company after finding that he made... Read More

Going Public Lawyer

]]>
Default Judgement on Yu-Cheng Lin Insider Trading Charges https://www.securitieslawyer101.com/2017/judgement-yu-cheng-lin-insider-trading/ Thu, 20 Jul 2017 14:00:32 +0000 https://www.securitieslawyer101.com/?p=36876 Going Public Lawyer

On June 19, 2017, the Securities and Exchange Commission (“SEC”) has obtained a default judgment against foreign defendant, Yu-Cheng Lin, charged with insider trading that orders him to pay approximately $7.3 million. The court’s final judgment, entered on... Read More

Going Public Lawyer

]]>
Steven Labriola Receives Final Judgement https://www.securitieslawyer101.com/2017/steven-labriola-receives-final-judgement/ Wed, 19 Jul 2017 14:00:25 +0000 https://www.securitieslawyer101.com/?p=36872 Going Public Lawyer

On July 14, 2017, the Securities and Exchange Commission (“SEC”) announced that it has obtained a final judgment in a fraud case against Steven Labriola, the international sales director of a pyramid scheme targeting Latino communities. The final judgment, entered on... Read More

Going Public Lawyer

]]>
Final Judgements Entered Against LocatePlus Holdings Officers https://www.securitieslawyer101.com/2017/judgements-locateplus-holdings-officers/ Tue, 18 Jul 2017 14:00:52 +0000 https://www.securitieslawyer101.com/?p=36869 Going Public Lawyer

On June 27, 2017, the Honorable Douglas P. Woodlock of the U.S. District Court for the District of Massachusetts entered final judgments against the former CEO and CFO of LocatePlus Holdings Corp, a Massachusetts-based information technology company. The... Read More

Going Public Lawyer

]]>
SEC Announces Fraud Charges Against Diana Lovera https://www.securitieslawyer101.com/2017/sec-announces-fraud-charges-diana-lovera/ Mon, 17 Jul 2017 14:00:04 +0000 https://www.securitieslawyer101.com/?p=36865 Going Public Lawyer

On July 14, 2017, the Securities and Exchange Commission (“SEC”) announced fraud charges against Diana Lovera, the former Chief Operating Officer of a Florida-based penny stock company that falsely claimed to be “the largest publicly traded diversified portfolio... Read More

Going Public Lawyer

]]>
Judgement Entered Against James Trolice https://www.securitieslawyer101.com/2017/judgement-entered-james-trolice/ Sun, 16 Jul 2017 14:00:52 +0000 https://www.securitieslawyer101.com/?p=36862 Going Public Lawyer

On June 13, 2017, the Honorable William J. Martini of the United States District Court for the District of New Jersey entered a judgment against defendant James Trolice that imposed permanent injunctions and an officer and director bar.... Read More

Going Public Lawyer

]]>
SEC Announces Fraud Charges Against Victory Ho https://www.securitieslawyer101.com/2017/fraud-charges-victory-ho/ Sat, 15 Jul 2017 14:00:37 +0000 https://www.securitieslawyer101.com/?p=36859 Going Public Lawyer

On July 12, 2017, the Securities and Exchange Commission (“SEC”) announced fraud charges against Victory Ho for insider trading in the securities of The Shaw Group, Inc. (Shaw), a Louisiana-based energy construction company, ahead of a public announcement... Read More

Going Public Lawyer

]]>
Charles Banks Charged With Fraud https://www.securitieslawyer101.com/2017/charles-banks-charged-fraud/ Fri, 14 Jul 2017 14:00:53 +0000 https://www.securitieslawyer101.com/?p=36855 Going Public Lawyer

On July 13, 2017, the Securities and Exchange Commission (“SEC”) announced that it has obtained a judgment and industry bar against Charles Banks, an Atlanta-based investment adviser, charged with defrauding a former professional basketball player. According to the SEC’s complaint, Charles... Read More

Going Public Lawyer

]]>
Fei Yan Faces Insider Trader Charges https://www.securitieslawyer101.com/2017/fei-yan-faces-insider-trader-charges/ Thu, 13 Jul 2017 14:00:37 +0000 https://www.securitieslawyer101.com/?p=36851 Going Public Lawyer

On July 12, 2017, the Securities and Exchange Commission (“SEC”) announced insider trading charges against Fei Yan, a research scientist, who allegedly searched the internet for “how sec detect unusual trade” before making a trade that the agency flagged... Read More

Going Public Lawyer

]]>
SEC Obtains Final Judgement for Ryan Petersen https://www.securitieslawyer101.com/2017/sec-final-judgement-ryan-petersen/ Wed, 12 Jul 2017 14:00:23 +0000 https://www.securitieslawyer101.com/?p=36847 Going Public Lawyer

On July 5, 2017, the Securities and Exchange Commission (“SEC”) announced that it has obtained a final judgment against Ryan Petersen, the former chief executive officer of OCZ Technology Group Inc. whom the SEC charged with an accounting... Read More

Going Public Lawyer

]]>
SEC Charges K-T 50 Wells With Fraud https://www.securitieslawyer101.com/2017/sec-charges-k-t-50-wells-fraud/ Tue, 11 Jul 2017 14:00:27 +0000 https://www.securitieslawyer101.com/?p=36844 Going Public Lawyer

On July 7, 2017, the Securities and Exchange Commission (“SEC”) announced charges against K-T 50 Wells, a purported oil well company, its founders, and three salespeople in connection with a $2.4 million offering fraud. The SEC’s complaint, filed... Read More

Going Public Lawyer

]]>
Judgement Entered Against Edwards https://www.securitieslawyer101.com/2017/judgement-entered-edwards/ Mon, 10 Jul 2017 14:00:39 +0000 https://www.securitieslawyer101.com/?p=36841 Going Public Lawyer

On June 9, 2017, the Honorable Esther Salas of the U.S. District Court for the District of New Jersey entered judgments against Dwayne Edwards, several entities Edwards used to orchestrate his alleged fraud, and relief defendant Sharon Nunamaker.... Read More

Going Public Lawyer

]]>
SEC Announces Michael Randles Administrative Proceedings https://www.securitieslawyer101.com/2017/michael-randles-admin-proceedings/ Sat, 08 Jul 2017 14:00:41 +0000 https://www.securitieslawyer101.com/?p=36838 Going Public Lawyer

On June 19, 2017, the Securities and Exchange Commission (“Commission”) deemed it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934... Read More

Going Public Lawyer

]]>
Final Judgement on Former InterMune Director and Friend https://www.securitieslawyer101.com/2017/judgement-intermune-director-friend/ Fri, 07 Jul 2017 14:00:45 +0000 https://www.securitieslawyer101.com/?p=36832 Going Public Lawyer

On June 30, 2017, the Securities and Exchange Commission (“SEC”) announced that the Honorable Jacqueline Scott Corley, U.S. Magistrate Judge for the Northern District of California, entered a final judgment as to Sasan Sabrdaran, the former director of drug... Read More

Going Public Lawyer

]]>
Cheryl Jones Charged By SEC https://www.securitieslawyer101.com/2017/cheryl-jones-charged-sec/ Thu, 06 Jul 2017 14:00:11 +0000 https://www.securitieslawyer101.com/?p=36829 Going Public Lawyer

On July 3, 2017, the Securities and Exchange Commission (“SEC”) announced charges against Cheryl Jones, a Washington, D.C.-based real estate agent and the sister of convicted Ponzi scheme operator Mark Jones, for selling unregistered securities. The SEC’s complaint,... Read More

Going Public Lawyer

]]>
Pilgrim Petroleum CORP Temporary Trading Suspension https://www.securitieslawyer101.com/2017/pilgrim-petroleum-corp-trading-suspension/ Wed, 05 Jul 2017 14:00:57 +0000 https://www.securitieslawyer101.com/?p=36824 Going Public Lawyer

The Securities and Exchange Commission (Commission) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the Exchange Act), of trading in the securities of Pilgrim Petroleum CORP, of Addison, Texas commencing at... Read More

Going Public Lawyer

]]>
Renwick Haddow Charged with Fraud https://www.securitieslawyer101.com/2017/renwick-haddow-charged-fraud/ Tue, 04 Jul 2017 14:00:52 +0000 https://www.securitieslawyer101.com/?p=36820 Going Public Lawyer

On June 30, 2017, the Securities and Exchange Commission (“SEC”) filed fraud charges against Renwick Haddow, the clandestine founder of a purported Bitcoin platform and a chain of co-working spaces located in former bars and restaurants, alleging that he... Read More

Going Public Lawyer

]]>
SEC Charges Quadrant 4 System Corp https://www.securitieslawyer101.com/2017/sec-charges-quadrant-4-system-corp/ Mon, 03 Jul 2017 14:03:34 +0000 https://www.securitieslawyer101.com/?p=36815 Going Public Lawyer

On June 30, 2017, the Securities and Exchange Commission (“SEC”) has charged Chicago-area information technology company Quadrant 4 System Corp. (QFOR) and two former top executives in an accounting fraud scheme that misled investors and allowed the former... Read More

Going Public Lawyer

]]>
SEC Charged Penn West with Accounting Fraud https://www.securitieslawyer101.com/2017/sec-charged-penn-west-accounting-fraud/ Sat, 01 Jul 2017 14:00:12 +0000 https://www.securitieslawyer101.com/?p=36811 Going Public Lawyer

On June 28, 2017, the Securities and Exchange Commission (“SEC”) charged Penn West Petroleum Ltd., a Canadian-based oil and gas company, and three of its former top finance executives for their roles in an extensive, multi-year accounting fraud. The... Read More

Going Public Lawyer

]]>
Ibex Trading Temporarily Suspended https://www.securitieslawyer101.com/2017/ibex-trading-temporarily-suspended/ Fri, 30 Jun 2017 14:00:29 +0000 https://www.securitieslawyer101.com/?p=36805 Going Public Lawyer

On June 26, 2017, the Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of Ibex Advanced Mortgage Technology,... Read More

Going Public Lawyer

]]>
Former Ariad Employees Charged with Insider Trading https://www.securitieslawyer101.com/2017/ariad-employees-insider-trading/ Thu, 29 Jun 2017 14:00:26 +0000 https://www.securitieslawyer101.com/?p=36802 Going Public Lawyer

One June 27, 2017, the Securities and Exchange Commission (“SEC”) announced insider trading charges against two former senior employees and the spouse of a former employee of Ariad Pharmaceuticals, Inc., a company based in Cambridge, Massachusetts engaged in the... Read More

Going Public Lawyer

]]>
Form S-1 Registration Statement Quiet Period https://www.securitieslawyer101.com/2017/form-s-1-registration-statement-quiet-period/ Wed, 28 Jun 2017 14:00:44 +0000 https://www.securitieslawyer101.com/?p=36796 Going Public Lawyer

The Securities & Exchange Commission and the federal securities laws do not define the term “quiet period,” which is also referred to as the “waiting period.” However, a quiet period extends from the time a company files a... Read More

Going Public Lawyer

]]>
SEC Announces Additional Charges Against Anthony Portelli https://www.securitieslawyer101.com/2017/sec-additional-charges-anthony-portelli/ Tue, 27 Jun 2017 14:00:30 +0000 https://www.securitieslawyer101.com/?p=36795 Going Public Lawyer

On June 22, 2017, the Securities and Exchange Commission (“SEC”) announced additional charges in an enforcement investigation involving Anthony Portelli, a Wall Street firm’s securities lending desk, and the improper handling of American Depositary Receipts (ADRs). The SEC’s order... Read More

Going Public Lawyer

]]>
Pazoo, Inc. Used in Artificial Inflation Scheme https://www.securitieslawyer101.com/2017/pazoo-used-inflation-scheme/ Mon, 26 Jun 2017 14:00:02 +0000 https://www.securitieslawyer101.com/?p=36790 Going Public Lawyer

On June 21, 2017, the Securities and Exchange Commission (“SEC”) charged a New Jersey-based group of stock promoters with fraud involving the manipulation and artificial inflation of the share price of a microcap company, Pazoo, Inc. The scheme grossed... Read More

Going Public Lawyer

]]>
Seyed Taher Kameli Charged for Defrauding Investors https://www.securitieslawyer101.com/2017/seyed-taher-kameli-defrauding-investors/ Fri, 23 Jun 2017 14:00:36 +0000 https://www.securitieslawyer101.com/?p=36787 Going Public Lawyer

On June 22, 2017, the Securities and Exchange Commission (“SEC”) charged Seyed Taher Kameli, a Chicago-based immigration attorney, with defrauding investors participating in the EB-5 immigrant investor program by improperly commingling and misusing a portion of the approximately $88.7... Read More

Going Public Lawyer

]]>
SEC Charges Arista’s CEO and Attorney https://www.securitieslawyer101.com/2017/sec-charges-arista-ceo-attorney/ Thu, 22 Jun 2017 14:00:34 +0000 https://www.securitieslawyer101.com/?p=36784 Going Public Lawyer

On June 20, 2017, the Securities and Exchange Commission (“SEC”) announced charges involving a scheme to disguise the nature of Arista, a public company’s financing amid financial difficulties, and a corresponding manipulation of the price of the company’s... Read More

Going Public Lawyer

]]>
Mark Northrop Barred by the SEC https://www.securitieslawyer101.com/2017/mark-northrop-barred-sec/ Wed, 21 Jun 2017 14:00:55 +0000 https://www.securitieslawyer101.com/?p=36781 Going Public Lawyer

On June 19, 2017, the Securities and Exchange Commission (“Commission”) deemed it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 203(f) of the Investment Advisers Act of 1940... Read More

Going Public Lawyer

]]>
SEC Takes Action Against Ann Hiskey https://www.securitieslawyer101.com/2017/sec-action-ann-hiskey/ Tue, 20 Jun 2017 14:00:06 +0000 https://www.securitieslawyer101.com/?p=36776 Going Public Lawyer

  On June 19, 2017, the Securities and Exchange Commission (“Commission”) deemed it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of... Read More

Going Public Lawyer

]]>
SEC Charges CannaVEST Corp. with Fraud https://www.securitieslawyer101.com/2017/sec-charges-cannavest-corp-fraud/ Mon, 19 Jun 2017 14:00:50 +0000 https://www.securitieslawyer101.com/?p=36773 Going Public Lawyer

On June 16, 2017, the Securities and Exchange Commission (“SEC”) filed fraud charges against CannaVEST Corp., a Las Vegas-based hemp oil company, and its CEO for inflating the company’s assets on its balance sheet. The SEC complaint filed... Read More

Going Public Lawyer

]]>
Antonio Katz Pleads Guilty to Criminal Charges https://www.securitieslawyer101.com/2017/antonio-katz-pleads-guilty/ Fri, 16 Jun 2017 14:00:46 +0000 https://www.securitieslawyer101.com/?p=36768 Going Public Lawyer

On June 1, 2017, Antonio Katz, a defendant in ongoing SEC litigation, pled guilty to criminal charges filed by the U.S. Attorney for the District of Massachusetts. Antonio Katz was charged with one count of conspiracy and one... Read More

Going Public Lawyer

]]>
SEC Adopts JOBS Act Amendments https://www.securitieslawyer101.com/2017/sec-adopts-jobs-act-amendments/ Thu, 15 Jun 2017 14:00:00 +0000 https://www.securitieslawyer101.com/?p=36765 Going Public Lawyer

  On April 5, 2017, the Securities and Exchange Commission (“SEC”) announced that it has adopted JOBS Act amendments to increase the amount of money companies can raise through crowdfunding to adjust for inflation.  It also approved amendments that... Read More

Going Public Lawyer

]]>
Can-Cal & SkyStar Temporarily Suspended https://www.securitieslawyer101.com/2017/can-cal-skystar-temporarily-suspended/ Wed, 14 Jun 2017 14:00:22 +0000 https://www.securitieslawyer101.com/?p=36760 Going Public Lawyer

The U.S. Securities and Exchange Commission (“Commission”) announced the temporary suspension of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on June 9, 2017 and terminating at 11:59 p.m. EDT on June 22,... Read More

Going Public Lawyer

]]>
David Fuselier Charged for Fraudulent Scheme https://www.securitieslawyer101.com/2017/david-fuselier-fraudulent-scheme/ Tue, 13 Jun 2017 14:00:06 +0000 https://www.securitieslawyer101.com/?p=36755 Going Public Lawyer

On June 6, 2017, the Securities and Exchange Commission (“SEC”) charged David Fuselier, a chief executive officer, with perpetrating a fraudulent scheme to create the false appearance of improvement in the financial statements of two publicly traded companies... Read More

Going Public Lawyer

]]>
Marc Broidy & Broidy Wealth Advisors Receive Final Judgement https://www.securitieslawyer101.com/2017/marc-broidy-receive-final-judgement/ Mon, 12 Jun 2017 14:00:04 +0000 https://www.securitieslawyer101.com/?p=36750 Going Public Lawyer

On May 30, 2017, the Honorable Eric N. Vitaliano of the United States District Court for the Eastern District of New York entered a final consent judgment against defendants Marc Broidy and Broidy Wealth Advisors, LLC (“BWA”), enjoining... Read More

Going Public Lawyer

]]>
Final Judgement Against GAW Miners and ZenMiner https://www.securitieslawyer101.com/2017/final-judgement-gaw-miners-zenminer/ Sun, 11 Jun 2017 14:00:56 +0000 https://www.securitieslawyer101.com/?p=36747 Going Public Lawyer

On June 2, 2017, the U.S. District Court for the District of Connecticut entered a final default judgment against two Connecticut-based companies, GAW Miners, LLC and ZenMiner, LLC, in a case alleging that these companies and their principal... Read More

Going Public Lawyer

]]>
SEC Charges iPayment Executives with Fraud https://www.securitieslawyer101.com/2017/sec-charges-ipayment-executives-fraud/ Sat, 10 Jun 2017 14:00:53 +0000 https://www.securitieslawyer101.com/?p=36744 Going Public Lawyer

On March 10, 2017, the Securities and Exchange Commission (“SEC”) charged two former iPayment executives, a credit card processing company, with masterminding a fraudulent scheme to steal millions of dollars through phony expense reimbursements, inflated invoices, and other improper... Read More

Going Public Lawyer

]]>
Nima Hedayati Charged With Insider Trading https://www.securitieslawyer101.com/2017/nima-hedayati-charged-insider-trading/ Fri, 09 Jun 2017 14:00:36 +0000 https://www.securitieslawyer101.com/?p=36741 Going Public Lawyer

On March 14, 2017, the Securities and Exchange Commission (“SEC”) announced that Nima Hedayati, an auditor based in the Silicon Valley, has agreed to settle charges that he traded on inside information about a client on the verge of... Read More

Going Public Lawyer

]]>
Alpine Securities Fails to Comply to Anti-Money Laundering Law https://www.securitieslawyer101.com/2017/alpine-securities-anti-money-laundering/ Thu, 08 Jun 2017 14:00:58 +0000 https://www.securitieslawyer101.com/?p=36738 Going Public Lawyer

On June 5, 2017, the Securities and Exchange Commission (“SEC”) charged Alpine Securities Corporation, a Salt Lake City-based brokerage firm, with securities law violations related to its alleged practice of clearing transactions for microcap stocks that were used in... Read More

Going Public Lawyer

]]>
Larry Holley Charged with Fraud https://www.securitieslawyer101.com/2017/larry-holley-charged-fraud/ Wed, 07 Jun 2017 14:00:57 +0000 https://www.securitieslawyer101.com/?p=36733 Going Public Lawyer

On March 30, 2017, the Securities and Exchange Commission (“SEC”) announced fraud charges and an emergency asset freeze obtained against Larry Holley, a Michigan-based pastor, accused of exploiting church members, retirees, and laid-off auto workers who were misled to... Read More

Going Public Lawyer

]]>
LottoNet Accused of Conducting Boiler Room Scheme https://www.securitieslawyer101.com/2017/lottonet-accused-boiler-room-scheme/ Tue, 06 Jun 2017 14:00:28 +0000 https://www.securitieslawyer101.com/?p=36730 Going Public Lawyer

On March 27, 2017, the Securities and Exchange Commission (“SEC”) announced charges against LottoNet Operating Corp., a Florida-based company, its CEO, and its top sales agent accused of conducting a boiler room scheme that solicits investments in a business... Read More

Going Public Lawyer

]]>
Lawson Financial Corporation Settles Fraud Charges https://www.securitieslawyer101.com/2017/lawson-financial-settles-fraud-charges/ Mon, 05 Jun 2017 14:00:24 +0000 https://www.securitieslawyer101.com/?p=36726 Going Public Lawyer

On April 5, 2017, the Securities and Exchange Commission (“SEC”) announced that Lawson Financial Corporation, an Arizona-based brokerage firm, its CEO, and its former underwriter’s counsel have agreed to settle charges related to municipal bond offerings they were underwriting... Read More

Going Public Lawyer

]]>
John Bocchino Barred by FINRA https://www.securitieslawyer101.com/2017/john-bocchino-barred-finra/ Fri, 02 Jun 2017 14:00:25 +0000 https://www.securitieslawyer101.com/?p=36723 Going Public Lawyer

On June 1, 2017, the Financial Industry Regulatory Authority (“FINRA”) announced that it has barred former Morgan Stanley Smith Barney registered representative John Bocchino for concealing approximately $190 million in Venezuelan bond trades from the firm, which had... Read More

Going Public Lawyer

]]>
Medbox Charged by the SEC https://www.securitieslawyer101.com/2017/medbox-charged-sec/ Thu, 01 Jun 2017 14:00:40 +0000 https://www.securitieslawyer101.com/?p=36720 Going Public Lawyer

On March 9, 2017, the Securities and Exchange Commission (“SEC”) charged Medbox, a California-based company, and its founder with falsely touting “record” revenue numbers to investors and claiming to be a leader in the marijuana industry while some of... Read More

Going Public Lawyer

]]>
Verto Capital Settles Charges for Ponzi-like Scheme https://www.securitieslawyer101.com/2017/verto-capital-settles-charges/ Wed, 31 May 2017 14:00:38 +0000 https://www.securitieslawyer101.com/?p=36717 Going Public Lawyer

On May 4, 2017, the Securities and Exchange Commission (“SEC”) announced that Verto Capital Management, a New Jersey-based firm, and its CEO have agreed to pay more than $4 million to settle charges that they used new investor money... Read More

Going Public Lawyer

]]>
Desarrolladora Homex Settle Fraud Charges https://www.securitieslawyer101.com/2017/desarrolladora-homex-settle-fraud/ Tue, 30 May 2017 14:00:41 +0000 https://www.securitieslawyer101.com/?p=36713 Going Public Lawyer

On March 3, 2017, the Securities and Exchange Commission (“SEC”) announced that Mexico-based homebuilding company Desarrolladora Homex S.A.B. de C.V. has agreed to settle charges that it reported fake sales of more than 100,000 homes to boost revenues in... Read More

Going Public Lawyer

]]>
MagnaChip & CFO Settle Accounting Fraud Charges https://www.securitieslawyer101.com/2017/magnachip-cfo-settle-fraud-charges/ Mon, 29 May 2017 14:00:57 +0000 https://www.securitieslawyer101.com/?p=36710 Going Public Lawyer

On May 1, 2017, the Securities and Exchange Commission (“SEC”) announced that MagnaChip, a South Korea-based semiconductor manufacturer, and its former CFO have agreed to settle charges related to an accounting scheme to artificially boost revenue and manipulate the... Read More

Going Public Lawyer

]]>
Centers for Medicare and Medicaid Services Employees Charged with Insider Trading https://www.securitieslawyer101.com/2017/centers-medicare-medicaid-services-employees-insider-trading/ Sun, 28 May 2017 14:00:36 +0000 https://www.securitieslawyer101.com/?p=36705 Going Public Lawyer

On May 24, 2017, the Securities and Exchange Commission (“SEC”) announced charges in an alleged insider trading scheme involving tips of nonpublic information about government plans to cut Medicare reimbursement rates by former Centers for Medicare and Medicaid Services... Read More

Going Public Lawyer

]]>
SEC Files Fraud Charges Against Robert Murray https://www.securitieslawyer101.com/2017/sec-fraud-charges-robert-murray/ Sat, 27 May 2017 14:00:06 +0000 https://www.securitieslawyer101.com/?p=36702 Going Public Lawyer

On May 19, 2017, the Securities and Exchange Commission (“SEC”) filed fraud charges against Robert Murray, a Virginia-based mechanical engineer accused of scheming to manipulate the price of Fitbit stock by making a phony regulatory filing. According to the... Read More

Going Public Lawyer

]]>
SEC Charges David Humphrey with Securities Fraud https://www.securitieslawyer101.com/2017/sec-charges-david-humphrey-securities-fraud/ Fri, 26 May 2017 14:00:58 +0000 https://www.securitieslawyer101.com/?p=36697 Going Public Lawyer

On May 9, 2017, the Securities and Exchange Commission (“SEC”) charged David Humphrey, a former employee, with securities fraud in connection with his trading of options and other securities. The SEC’s complaint alleges that David Humphrey, who worked... Read More

Going Public Lawyer

]]>
Barclays Capital Required to Refund Advisory Fees by SEC https://www.securitieslawyer101.com/2017/barclays-refund-advisory-fees/ Thu, 25 May 2017 14:00:49 +0000 https://www.securitieslawyer101.com/?p=36694 Going Public Lawyer

On May 10, 2017, the Securities and Exchange Commission (“SEC”) announced an enforcement action requiring Barclays Capital to refund advisory fees or mutual fund sales charges to clients who were overcharged. In a settlement of more than $97 million,... Read More

Going Public Lawyer

]]>
Miles Nadal Settles $5.5 Million for SEC Case https://www.securitieslawyer101.com/2017/miles-nadal-settles-5-5-million-sec-case/ Wed, 24 May 2017 14:00:52 +0000 https://www.securitieslawyer101.com/?p=36689 Going Public Lawyer

On May 11, 2017, the Securities and Exchange Commission (“SEC”) announced that Miles Nadal, the former CEO of a marketing company, has agreed to pay $5.5 million to settle charges that his perks were not properly disclosed to shareholders. Public... Read More

Going Public Lawyer

]]>
SEC Charges Nomura Securities International Inc. Head Traders https://www.securitieslawyer101.com/2017/sec-charges-nomura-securities-head-traders/ Tue, 23 May 2017 14:00:47 +0000 https://www.securitieslawyer101.com/?p=36686 Going Public Lawyer

On May 15, 2017, the Securities and Exchange Commission (“SEC”) charged a pair of former head traders who ran the commercial mortgage-backed securities (CMBS) desk at Nomura Securities International Inc. with deliberately lying to customers in order to... Read More

Going Public Lawyer

]]>
Walter Little and Neighbor Charged by SEC for Insider Trading https://www.securitieslawyer101.com/2017/walter-little-neighbor-charged-insider-trading/ Mon, 22 May 2017 14:00:23 +0000 https://www.securitieslawyer101.com/?p=36681 Going Public Lawyer

On May 11, 2017, the Securities and Exchange Commission (“SEC”) charged Walter Little, a former partner at an international law firm, and his neighbor with making more than $1 million in illicit profits by insider trading around corporate... Read More

Going Public Lawyer

]]>
Axesstel Fails to Comply with Exchange Act https://www.securitieslawyer101.com/2017/axesstel-fail-comply-exchange-act/ Sun, 21 May 2017 14:00:47 +0000 https://www.securitieslawyer101.com/?p=36639 Going Public Lawyer

On April 24, 2017, the Securities and Exchange Commission (“SEC”) deemed it necessary and appropriate for the protection of investors that public administrative proceedings be, and hereby are, instituted pursuant to Section 12(j) of the Securities Exchange Act... Read More

Going Public Lawyer

]]>
Jared Galanis Pleads Guilty, SEC Suspends Him https://www.securitieslawyer101.com/2017/jared-galanis-pleads-guilty-sec-suspend/ Sat, 20 May 2017 14:00:26 +0000 https://www.securitieslawyer101.com/?p=36635 Going Public Lawyer

On April 24, 2017, the Securities and Exchange Commission (“SEC”) deemed it appropriate to issue an order of forthwith suspension of Jared Galanis pursuant to Rule 102(e)(2) of the Commission’s Rules of Practice (17 C.F.R. § 200.102(e)(2)), which... Read More

Going Public Lawyer

]]>
SEC Suspends Mark McKinnies https://www.securitieslawyer101.com/2017/sec-suspends-mark-mckinnies/ Fri, 19 May 2017 14:00:40 +0000 https://www.securitieslawyer101.com/?p=36632 Going Public Lawyer

On April 21, 2017, the Securities and Exchange Commission (“SEC”) deemed it appropriate and in the public interest that public administrative proceedings are instituted against Mark McKinnies pursuant to Rule 102(e)(3)(i) of the Commission’s Rules of Practice. Rule 102(e)(3)(i)... Read More

Going Public Lawyer

]]>
SEC Charges Matthew Krimm with Defrauding Investors https://www.securitieslawyer101.com/2017/sec-charges-matthew-krimm-defrauding/ Thu, 18 May 2017 14:00:53 +0000 https://www.securitieslawyer101.com/?p=36611 Going Public Lawyer

On April 25, 2017, the Securities and Exchange Commission (“SEC”) charged Matthew Krimm, a former mortgage loan officer, with defrauding investors, including mortgage loan customers of his former employer. The SEC’s complaint, filed in federal court in Wilmington,... Read More

Going Public Lawyer

]]>
SEC Charges Demitrios Hallas for Defrauding Customers https://www.securitieslawyer101.com/2017/sec-charges-demitrios-hallas-defrauding/ Wed, 17 May 2017 14:00:56 +0000 https://www.securitieslawyer101.com/?p=36605 Going Public Lawyer

On April 25, 2017, the Securities and Exchange Commission (“SEC”) charged Demitrios Hallas, a former broker, with knowingly or recklessly trading unsuitable investment products in the accounts of five customers and misappropriating more than $170,000 from one of... Read More

Going Public Lawyer

]]>
Whistleblower Awarded Almost $4 Million by SEC https://www.securitieslawyer101.com/2017/whistleblower-awarded-4-million-sec/ Tue, 16 May 2017 14:00:16 +0000 https://www.securitieslawyer101.com/?p=36602 Going Public Lawyer

On April 25, 2017, the Securities and Exchange Commission (“SEC”) announced an award of nearly $4 million to a whistleblower who tipped the agency with detailed and specific information about serious misconduct and provided additional assistance during the... Read More

Going Public Lawyer

]]>
SEC Charges Avaneesh Krishnamoorthy with Insider Trading https://www.securitieslawyer101.com/2017/sec-charges-avaneesh-krishnamoorthy-insider-trading/ Mon, 15 May 2017 14:00:37 +0000 https://www.securitieslawyer101.com/?p=36592 Going Public Lawyer

On April 24, 2017, the Securities and Exchange Commission (“SEC”) charged Avaneesh Krishnamoorthy, a vice president in the risk management department of a New York-based investment bank, with insider trading on confidential information he learned in advance of a... Read More

Going Public Lawyer

]]>
SEC Charges Kevin Amell with Fraud https://www.securitieslawyer101.com/2017/sec-charges-kevin-amell-with-fraud/ Sun, 14 May 2017 14:00:36 +0000 https://www.securitieslawyer101.com/?p=36585 Going Public Lawyer

On April 24, 2017, the Securities and Exchange Commission (“SEC”) announced fraud charges against Kevin Amell, a Massachusetts-based portfolio manager accused of diverting at least $1.95 million to his personal brokerage account from a fund over which he... Read More

Going Public Lawyer

]]>
Magyar Telekom Executives Agree to Pay Penalties https://www.securitieslawyer101.com/2017/magyar-telekom-executives-agree-to-pay-penalties/ Sat, 13 May 2017 14:00:38 +0000 https://www.securitieslawyer101.com/?p=36582 Going Public Lawyer

On April 24, 2017, the Securities and Exchange Commission (“SEC”) announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they... Read More

Going Public Lawyer

]]>
SEC Charges Brothers for Hydrocarb Fraud Scheme https://www.securitieslawyer101.com/2017/sec-charges-brothers-for-hydrocarb-fraud-scheme/ Fri, 12 May 2017 14:00:11 +0000 https://www.securitieslawyer101.com/?p=36579 Going Public Lawyer

On April 21, 2017, the Securities and Exchange Commission (“SEC”) has charged two brothers – Kent and Mike Watts – with orchestrating a fraudulent scheme to qualify the stock of Hydrocarb Energy Corporation for listing on a major... Read More

Going Public Lawyer

]]>
Robert Stewart Fined & Suspended by FINRA https://www.securitieslawyer101.com/2017/robert-stewart-fined-suspended-by-finra/ Thu, 11 May 2017 14:00:43 +0000 https://www.securitieslawyer101.com/?p=36571 Going Public Lawyer

On February 2, 2017, Robert Stewart (CRD #5746657, Dewey, Arizona) submitted a Letter of Acceptance, Waiver and Consent (“AWC”) in which he was assessed a deferred fine of $7,500 and suspended from association with any FINRA member in... Read More

Going Public Lawyer

]]>
Brian Scarpellini Named Respondent in Check-Kiting Scheme https://www.securitieslawyer101.com/2017/brian-scarpellini-named-respondent-in-check-kiting-scheme/ Wed, 10 May 2017 14:00:05 +0000 https://www.securitieslawyer101.com/?p=36567 Going Public Lawyer

On February 9, 2017, Brian Scarpellini (CRD #6320844, Plainsboro, New Jersey) was named a respondent in a FINRA complaint alleging that he converted funds totaling $1,158 from his member firm’s bank affiliate by engaging in a check-kiting scheme.... Read More

Going Public Lawyer

]]>
Austin Morton Named Respondent In FINRA Complaint https://www.securitieslawyer101.com/2017/austin-morton-named-respondent-in-finra-complaint/ Tue, 09 May 2017 14:00:09 +0000 https://www.securitieslawyer101.com/?p=36564 Going Public Lawyer

On February 24, 2017, Austin Morton (CRD #5538108, Spiro, Oklahoma) was named a respondent in a FINRA complaint alleging that he converted a total of $36,000 from a former elderly customer with dementia. The complaint alleges that Austin... Read More

Going Public Lawyer

]]>
Rosemary McGinley Suspended From Association with FINRA https://www.securitieslawyer101.com/2017/rosemary-mcginley-suspended-from-association-with-finra/ Mon, 08 May 2017 14:00:01 +0000 https://www.securitieslawyer101.com/?p=36554 Going Public Lawyer

On February 1, 2017, Rosemary McGinley (CRD #2435216, Doylestown, Pennsylvania) submitted a Letter of Acceptance, Waiver and Consent (“AWC”) in which she was suspended from association with any FINRA member in any capacity for 10 business days. In... Read More

Going Public Lawyer

]]>
Legend Securities Named Respondent for Various Claims https://www.securitieslawyer101.com/2017/legend-securities-named-respondent-for-various-claims/ Sun, 07 May 2017 14:00:26 +0000 https://www.securitieslawyer101.com/?p=36551 Going Public Lawyer

On February 1, 2017, Legend Securities, Inc. (CRD #44952, New York, New York) was named a respondent in a FINRA complaint alleging various claims arising from failures in the firm’s compliance and supervisory systems and procedures. The complaint... Read More

Going Public Lawyer

]]>
FINRA Fines Albert Fried & Company https://www.securitieslawyer101.com/2017/finra-fines-albert-fried-company/ Sat, 06 May 2017 14:00:40 +0000 https://www.securitieslawyer101.com/?p=36546 Going Public Lawyer

On February 22, 2017, Albert Fried & Company, LLC (CRD #1914, New York, New York) submitted a Letter of Acceptance, Waiver and Consent (“AWC”) in which the firm was censured and fined $27,500. Without admitting or denying the... Read More

Going Public Lawyer

]]>
Alejandro Falla Barred From Association with FINRA Members https://www.securitieslawyer101.com/2017/alejandro-falla-barred-association-finra-members/ Fri, 05 May 2017 14:00:07 +0000 https://www.securitieslawyer101.com/?p=36540 Going Public Lawyer

On February 9, 2017, Alejandro Falla (CRD #5064828, Miami, Florida) submitted an AWC in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Falla consented to the sanction... Read More

Going Public Lawyer

]]>
Jay Hatton Submits Offer of Settlement https://www.securitieslawyer101.com/2017/jay-hatton-submits-offer-of-settlement/ Thu, 04 May 2017 14:00:31 +0000 https://www.securitieslawyer101.com/?p=36537 Going Public Lawyer

Jay Hatton (CRD #1725472, Edinburgh, Indiana) submitted an Offer of Settlement in which he was assessed a deferred fine of $10,000 and suspended from association with any FINRA member in any capacity for two years. Without admitting or... Read More

Going Public Lawyer

]]>
Lightspeed Trading Named Respondent in FINRA Complaint https://www.securitieslawyer101.com/2017/lightspeed-trading-named-respondent-in-finra-complaint/ Wed, 03 May 2017 14:00:12 +0000 https://www.securitieslawyer101.com/?p=36529 Going Public Lawyer

Lightspeed Trading, LLC (CRD #35519, New York, New York) was named a respondent in a FINRA complaint alleging that it failed to establish, document, and maintain an adequate system of risk management controls and supervisory procedures, including certain... Read More

Going Public Lawyer

]]>
J.W. Korth & Company to pay Restitiution https://www.securitieslawyer101.com/2017/j-w-korth-company/ Tue, 02 May 2017 14:00:36 +0000 https://www.securitieslawyer101.com/?p=36525 Going Public Lawyer

J.W. Korth & Company, Limited Partnership (CRD #26455, Lansing, Michigan) was ordered to pay the approximate amount of $29,268, plus interest, in restitution to customers and in lieu of a fine, is required to retain an independent consultant... Read More

Going Public Lawyer

]]>
FINRA Fines BMA Securities https://www.securitieslawyer101.com/2017/finra-fines-bma-securities/ Mon, 01 May 2017 14:00:15 +0000 https://www.securitieslawyer101.com/?p=36522 Going Public Lawyer

On February 2, 2017, the Financial Industry Regulatory Authority (“FINRA”) accepted a Letter of Acceptance, Waiver and Consent (“AWC”), from BMA Securities, LLC (CRD #108219, El Segundo, California). BMA Securities was censured and fined $25,000. Without admitting or... Read More

Going Public Lawyer

]]>
FINRA Expels Fox Financial Firm https://www.securitieslawyer101.com/2017/finra-expels-fox-financial-firm/ Sun, 30 Apr 2017 14:00:43 +0000 https://www.securitieslawyer101.com/?p=36519 Going Public Lawyer

Fox Financial Management Corporation (CRD® #134277, Carrollton, Texas), Brian Murphy (CRD #4743164, Frisco, Texas) and James Rooney Jr. (CRD #1857754, Carrollton, Texas) were expelled from FINRA® membership and fined $100,000. Murphy was fined $25,000, barred from association with... Read More

Going Public Lawyer

]]>
FINRA Senior Helpline Celebrates 2nd Anniversary With $4.3 Million https://www.securitieslawyer101.com/2017/finra-senior-helpline-celebrates-2nd-anniversary-with-4-3-million/ Sat, 29 Apr 2017 14:00:28 +0000 https://www.securitieslawyer101.com/?p=36509 Going Public Lawyer

On April 20, 2017, the Financial Industry Regulatory Authority (FINRA) announced that FINRA’s Securities Helpline for Seniors®,  their senior helpline, marked its second anniversary with $4.3 million in voluntary reimbursements to callers since its launch on April 20,... Read More

Going Public Lawyer

]]>
SEC Charges Matthew Fox with Securities Fraud https://www.securitieslawyer101.com/2017/sec-charges-matthew-fox-securities-fraud/ Fri, 28 Apr 2017 14:00:32 +0000 https://www.securitieslawyer101.com/?p=36490 Going Public Lawyer

On April 19, 2017, the Securities and Exchange Commission (“SEC”) charged Matthew Fox of Plano, Texas and his company, Wayne Energy, LLC, with securities fraud arising from a failed offering of interests in a joint venture formed to... Read More

Going Public Lawyer

]]>
SEC Issues Rule 147 Intrastate Crowdfunding Guidance – Posted by Brenda Hamilton https://www.securitieslawyer101.com/2017/sec-issues-rule-147-intrastate-crowdfunding-guidance-brenda-hamilton/ Thu, 27 Apr 2017 14:18:10 +0000 https://www.securitieslawyer101.com/?p=36622 Going Public Lawyer

In October of last year, the Securities and Exchange Commission (“SEC”), adopted final rules (1) amending Rule 147, also known as Intrastate Crowdfunding and Rule 504 under the Securities Act of 1933, as amended (the “Securities Act”),  and... Read More

Going Public Lawyer

]]>
SEC Charges Justin Meadlin of Hyaline Capital Management https://www.securitieslawyer101.com/2017/sec-charges-justin-meadlin-hyaline-capital-management/ Thu, 27 Apr 2017 14:00:19 +0000 https://www.securitieslawyer101.com/?p=36493 Going Public Lawyer

On April 17, 2017, the Securities and Exchange Commission (“SEC”) charged a New York-based investment adviser, Hyaline Capital Management, LLC, and one of its founders, Justin Meadlin, with disseminating false information to prospective investors and clients in order... Read More

Going Public Lawyer

]]>
What is a NYSE Designated Market Maker? Posted by Brenda Hamilton https://www.securitieslawyer101.com/2017/what-is-a-nyse-designated-market-maker-posted-by-brenda-hamilton/ Wed, 26 Apr 2017 14:00:06 +0000 https://www.securitieslawyer101.com/?p=36487 Going Public Lawyer

One of the most important decisions for a company going public is to choose the right market for listing the company’s shares. This is true for initial public and direct public offerings. The New York Stock Exchange (“NYSE”)... Read More

Going Public Lawyer

]]>
SEC Announces Temporary Trading Suspension of Sunshine Capital https://www.securitieslawyer101.com/2017/sec-announces-temporary-trading-suspension-of-sunshine-capital/ Tue, 25 Apr 2017 14:00:15 +0000 https://www.securitieslawyer101.com/?p=36483 Going Public Lawyer

At 9:30 a.m. EDT on April 12, 2017, the Securities and Exchange Commission  announced the temporary suspension of trading in the securities of Sunshine Capital, Inc. (“SCNP”), of Hollywood, Florida, terminating at 11:59 p.m. EDT on April 26,... Read More

Going Public Lawyer

]]>
SEC Announces Temporary Trading Suspension of Bingo Nation https://www.securitieslawyer101.com/2017/sec-announces-temporary-trading-suspension-bingo-nation/ Mon, 24 Apr 2017 14:00:00 +0000 https://www.securitieslawyer101.com/?p=36480 Going Public Lawyer

At 9:30 a.m. EDT on April 13, 2017, the Securities and Exchange Commission announced the temporary suspension of trading in the securities of Bingo Nation Inc. , of Las Vegas, Nevada and terminating at 11:59 p.m. EDT on... Read More

Going Public Lawyer

]]>
SEC Charges Lucita Zamoras with Operating a Fraudulent Promissory Note Scheme https://www.securitieslawyer101.com/2017/sec-charges-lucita-zamoras-operating-fraudulent-promissory-note-scheme/ Sun, 23 Apr 2017 14:00:11 +0000 https://www.securitieslawyer101.com/?p=36465 Going Public Lawyer

The SEC’s complaint, filed in federal court in the Northern District of Illinois, alleges that Lucita Zamoras solicited investors for a promissory note program and subsequently misappropriated the investors’ funds. From at least October 2009 through December 2013,... Read More

Going Public Lawyer

]]>
SEC Charges Michael Shumway with Securities Fraud https://www.securitieslawyer101.com/2017/sec-charges-michael-shumway-securities-fraud/ Sat, 22 Apr 2017 14:00:00 +0000 https://www.securitieslawyer101.com/?p=36458 Going Public Lawyer

On April 8, 2017,  the Securities and Exchange Commission (SEC) announced securities fraud charges against Michael Shumway, a former corporate secretary and treasurer of two Utah water companies for misappropriating and fraudulently selling corporate shares. The SEC’s complaint,... Read More

Going Public Lawyer

]]>
SEC Obtains Injunction and Asset Freeze Against Daniel Glick https://www.securitieslawyer101.com/2017/sec-obtains-injunction-asset-freeze-daniel-glick/ Fri, 21 Apr 2017 14:00:15 +0000 https://www.securitieslawyer101.com/?p=36454 Going Public Lawyer

On April 13, 2017, the Securities and Exchange Commission (SEC) announced a preliminary injunction against Daniel Glick and his unregistered investment advisory firm Financial Management Strategies (FMS), continued the asset freeze in the name of the Defendants, and... Read More

Going Public Lawyer

]]>
SEC Charges Ryan Gilbertson for $30 Million Stock Manipulation Scheme https://www.securitieslawyer101.com/2017/sec-charges-ryan-gilbertson-30-million-stock-manipulation-scheme-wire-fraud/ Thu, 20 Apr 2017 14:00:25 +0000 https://www.securitieslawyer101.com/?p=36451 Going Public Lawyer

On March 22, 2017, Ryan Gilbertson, a Minnesota man previously accused by the SEC of orchestrating an elaborate scheme to siphon millions of dollars from Dakota Plains Holdings, Inc., was indicted on 13 counts of wire fraud. Also... Read More

Going Public Lawyer

]]>
SEC Charges Lawyers Mustafa Sayid, Norman Reynolds and Paralegal Kevin Jasper in a Stock Manipulation Scheme https://www.securitieslawyer101.com/2017/sec-charges-lawyers-mustafa-sayid-norman-reynolds-paralegal-kevin-jasper-stock-manipulation-scheme/ Wed, 19 Apr 2017 14:00:11 +0000 https://www.securitieslawyer101.com/?p=36438 Going Public Lawyer

On April 12, 2017, the Securities and Exchange Commission (SEC) filed fraud charges against, Mustafa Sayid, a New York City-based securities lawyer for orchestrating taking control of two publicly traded shell companies and rigging them and their securities... Read More

Going Public Lawyer

]]>
SEC Acquires Asset Freeze Over 4D Circle https://www.securitieslawyer101.com/2017/sec-acquires-asset-freeze-4d-circle/ Tue, 18 Apr 2017 14:00:31 +0000 https://www.securitieslawyer101.com/?p=36434 Going Public Lawyer

On April 14, 2017, the Securities and Exchange Commission announced charges against two Fort Worth residents and their company, 4D Circle, for defrauding investors in a commercial real estate investment scheme. At the SEC’s request, U.S. District Judge... Read More

Going Public Lawyer

]]>
SEC Case Against Lionshare Faud Enters Final Default Judgement https://www.securitieslawyer101.com/2017/sec-case-against-lionshare-faud-enters-final-default-judgement/ Mon, 17 Apr 2017 14:00:34 +0000 https://www.securitieslawyer101.com/?p=36430 Going Public Lawyer

On April 14, 2017, a federal court in Boston, Massachusetts, entered a final default judgment in an ongoing SEC enforcement action against Lionshare Ventures, LLC, a Massachusetts-based privately-held corporation that the SEC alleges was a business incubator for... Read More

Going Public Lawyer

]]>
SEC Files for Stock Promotion Schemes Against 27 Individuals & Entities https://www.securitieslawyer101.com/2017/sec-files-for-alleged-stock-promotion-schemes-to-27-individuals-entities/ Sun, 16 Apr 2017 14:00:58 +0000 https://www.securitieslawyer101.com/?p=36424 Going Public Lawyer

On April 10, 2017, the SEC announced enforcement actions against 27 individuals and entities behind various alleged stock promotion schemes that left investors with the impression they were reading independent, unbiased analyses on investing websites while writers were being... Read More

Going Public Lawyer

]]>
SEC Charges Traders For Insider Trading – Posted by Brenda Hamilton https://www.securitieslawyer101.com/2017/sec-charges-traders-insider-trading/ Sat, 15 Apr 2017 12:51:48 +0000 https://www.securitieslawyer101.com/?p=36419 Going Public Lawyer

On April 14, 2017, the Securities and Exchange Commission (“SEC”) announced an emergency court order to freeze assets for Insider Trading. According to the SEC, the assets were in two brokerage accounts used last week to reap more than... Read More

Going Public Lawyer

]]>
Judgment Entered in Safety Technologies Unregistered Securities Offering https://www.securitieslawyer101.com/2017/safety-technologies-unregistered-securities/ Sat, 15 Apr 2017 04:00:59 +0000 https://www.securitieslawyer101.com/?p=36462 Going Public Lawyer

On April 4, 2017,  a final judgment was entered against Safety Technologies LLC (“Safety Technologies”) and Thomas Connerton for defrauding investors by misleading them to invest in a purported glove manufacturing company and then diverting their money for Connerton’s... Read More

Going Public Lawyer

]]>
What SEC Disclosure Is Required By Section 17(b) For Investor Relations Firms? https://www.securitieslawyer101.com/2017/disclosure-investor-relations/ Mon, 03 Apr 2017 04:00:58 +0000 http://www.securitieslawyer101.com/?p=19758 Going Public Lawyer

We are often contacted by investors, stock promoters and investor relations firms about the disclosures that must be provided in promotional websites, emails and other investor relations materials. Section 17(b) of the Securities Act of 1933 requires anyone who... Read More

Going Public Lawyer

]]>
SEC Adopts T+2 Trade Settlement Rule https://www.securitieslawyer101.com/2017/sec-adopts-t2-trade-settlement-rule/ Sat, 25 Mar 2017 15:21:05 +0000 https://www.securitieslawyer101.com/?p=36411 Going Public Lawyer

On March 22, 2017, the Securities and Exchange Commission (“SEC”) adopted the T+2  amendment which shortens the standard settlement cycle for most broker-dealer securities transactions.  Currently, the standard settlement cycle for these transactions is three business days, known as... Read More

Going Public Lawyer

]]>
SEC Charges Jerry Miller in Petrotech Oil Fraud https://www.securitieslawyer101.com/2017/sec-charges-jerry-miller-petrotech-oil-fraud/ Fri, 24 Mar 2017 11:17:24 +0000 https://www.securitieslawyer101.com/?p=36407 Going Public Lawyer

On March 13, 2017, the Securities and Exchange Commission charged Jerry Miller in connection with Petrotech Oil and Gas, Inc.. According to the SEC allegations, Miller is the principal of a Florida-based consulting firm to several microcap issuers.... Read More

Going Public Lawyer

]]>
What is the Transfer Agent Direct Registration System (DRS)? https://www.securitieslawyer101.com/2017/transfer-agent-direct-registration-system-drs/ Fri, 17 Mar 2017 14:23:29 +0000 https://www.securitieslawyer101.com/?p=36381 Going Public Lawyer

The Depository Trust Company (“DTC”) offers a service to transfer agents known as the Direct Registration System (“DRS”).  DRS allows transfer agents to provide shareholders with the ability to hold their shares in book-entry form with the transfer agent... Read More

Going Public Lawyer

]]>
SEC Charges Lek Securities – Posted by Brenda Hamilton https://www.securitieslawyer101.com/2017/sec-charges-lek-securities-posted-brenda-hamilton/ Thu, 16 Mar 2017 08:17:07 +0000 https://www.securitieslawyer101.com/?p=36377 Going Public Lawyer

On March 10, 2013, the Securities and Exchange Commission (“SEC”) announced fraud charges against Lek Securities and Avalon FA, a Ukraine-based trading firm in connection with a layering scheme. According to the SEC, Avalon FA, Fayyer and Pustelnik manipulated the... Read More

Going Public Lawyer

]]>
Alex Kon Challenges SEC Administrative Law Judges https://www.securitieslawyer101.com/2017/alex-kon-challenges-sec-administrative-law-judges/ Mon, 13 Mar 2017 01:08:35 +0000 https://www.securitieslawyer101.com/?p=36370 Going Public Lawyer

The SEC’s Use of Administrative Law Judges After Dodd Frank Following passage of the Dodd-Frank Act in 2010, the Securities and Exchange Commission (“SEC”) began making greater use of its in-house administrative judges to hear enforcement cases.  Between... Read More

Going Public Lawyer

]]>
SEC Eases Access to Exhibits in SEC Filings https://www.securitieslawyer101.com/2017/sec-eases-access-exhibits-sec-filings/ Thu, 09 Mar 2017 10:46:31 +0000 https://www.securitieslawyer101.com/?p=36361 Going Public Lawyer

  On March 1, 2017 the Securities and Exchange Commission (the “SEC”) approved amendments related to SEC filings. The new amendments make it easier for investors and other market participants to find and access exhibits in registration statements and... Read More

Going Public Lawyer

]]>
SEC Uses Satellite Imagery to Charge Desarrolladora Homex https://www.securitieslawyer101.com/2017/sec-uses-satellite-images-to-nail-home/ Sun, 05 Mar 2017 18:35:21 +0000 https://www.securitieslawyer101.com/?p=36348 Going Public Lawyer

Anyone who thinks that the Securities and Exchange Commission (the “SEC”) is behind the times should check out the SEC’s latest action against Mexico-based home building company Desarrolladora Homex S.A.B. de C.V.  The SEC used satellite imagery to help... Read More

Going Public Lawyer

]]>
New SEC Approves Ease Access to Exhibits in SEC Filings https://www.securitieslawyer101.com/2017/36353/ Sat, 04 Mar 2017 19:15:13 +0000 https://www.securitieslawyer101.com/?p=36353 Going Public Lawyer

On March 1, 2017, the SEC voted to adopt rule and form amendments that impact SEC Filings. The SEC’s new rules make it easier to locate and access exhibits in registration statements such as Form S-1 and periodic... Read More

Going Public Lawyer

]]>
SEC Staff Issues Guidance and Investor Bulletin on Robo-Advisers https://www.securitieslawyer101.com/2017/sec-staff-issues-guidance-update-investor-bulletin-robo-advisers/ Wed, 01 Mar 2017 12:29:24 +0000 https://www.securitieslawyer101.com/?p=36344 Going Public Lawyer

On February 23, 2017 the Securities and Exchange Commission (the “SEC”) published information and guidance concerning robo-advisers for investors and the financial services industry on the fast-growing use of robo-advisers, which are registered investment advisers that use computer... Read More

Going Public Lawyer

]]>
James P. Toner Jr Settles Fraud Charges – Posted by Brenda Hamilton https://www.securitieslawyer101.com/2017/purported-real-estate-investment-manager-settles-fraud-charges/ Wed, 01 Mar 2017 05:00:47 +0000 https://www.securitieslawyer101.com/?p=36328 Going Public Lawyer

The Securities and Exchange Commission (SEC) on February 14, 2017 announced that James P. Toner Jr, a purported real estate investment manager has agreed to pay more than a half-million dollars to settle charges that he pocketed investor... Read More

Going Public Lawyer

]]>
SEC Brings Cases Related to Disclosures During Battles for Corporate Control https://www.securitieslawyer101.com/2017/36326/ Tue, 28 Feb 2017 21:05:47 +0000 https://www.securitieslawyer101.com/?p=36326 Going Public Lawyer

On February 14, 2017, the Securities and Exchange Commission (the “SEC”) announced two SEC enforcement actions involving disclosure violations that deprived investors of material information during battles for corporate control of publicly traded companies. In one case, the... Read More

Going Public Lawyer

]]>
Chinese Citizens Gain Massive Profits From Insider Trading on Comcast-Dreamworks Acquisition https://www.securitieslawyer101.com/2017/36301/ Mon, 27 Feb 2017 16:30:48 +0000 https://www.securitieslawyer101.com/?p=36301 Going Public Lawyer

  On February 10, 2017 the Securities and Exchange Commission (SEC) announced that it obtained an emergency court order freezing brokerage accounts holding more than $29 million in illegal profits from insider trading in advance of the April... Read More

Going Public Lawyer

]]>
Financial Adviser Funds Lavish Lifestyle by Stealing from Client Accounts https://www.securitieslawyer101.com/2017/financial-adviser-funds-lavish-lifestyle-stealing-client-accounts/ Sun, 26 Feb 2017 16:26:51 +0000 https://www.securitieslawyer101.com/?p=36305 Going Public Lawyer

  The Securities and Exchange Commission (SEC) on February 3, 2017 charged Barry Connell, an investment adviser representative with stealing approximately $5 million from client accounts by initiating unauthorized wire transfers and issuing checks to third parties to... Read More

Going Public Lawyer

]]>
Sidoti & Company Fined For Compliance and Trading Surveillance Failures https://www.securitieslawyer101.com/2017/36308/ Fri, 24 Feb 2017 16:22:27 +0000 https://www.securitieslawyer101.com/?p=36308 Going Public Lawyer

  The Securities and Exchange Commission (SEC) on February 13, 2017 announced that Sidoti & Company LLC, a New York-based brokerage firm has agreed to pay a $100,000 penalty to settle charges of compliance and trading surveillance failures.Federal... Read More

Going Public Lawyer

]]>
SEC Sues Investment Adviser Who Turned Thief https://www.securitieslawyer101.com/2017/sec-charges-investment-adviser-stealing-investor-funds/ Thu, 23 Feb 2017 15:18:27 +0000 https://www.securitieslawyer101.com/?p=36298 Going Public Lawyer

  On February 2, 2017 the Securities and Exchange Commission (the “SEC”) charged Sentinel Growth Fund Management and its founder Mark J. Varacchi  with stealing money from investors to settle a private lawsuit among other things. The SEC alleges... Read More

Going Public Lawyer

]]>
Morgan Stanley Settles Charges Related to ETF Investments https://www.securitieslawyer101.com/2017/morgan-stanley-settles-charges-related-etf-investments/ Wed, 22 Feb 2017 16:16:51 +0000 https://www.securitieslawyer101.com/?p=36292 Going Public Lawyer

On February 14, 2017, the SEC announced that Morgan Stanley Smith Barney has agreed to pay an $8 million penalty and admit wrongdoing to settle charges related to single inverse ETF investments it recommended to advisory clients. The SEC’s... Read More

Going Public Lawyer

]]>
NASAA and SEC Sign Crowdfunding Agreement https://www.securitieslawyer101.com/2017/nasaa-sec-sign-crowdfunding-agreement/ Sat, 18 Feb 2017 13:17:28 +0000 https://www.securitieslawyer101.com/?p=36289 Going Public Lawyer

On February 17, 2017 the Securities and Exchange Commission (the “SEC”) the North American Securities Administrators Association (“NASAA”) signed a crowding funding agreement. The agreement sets forth the rules to facilitate intrastate crowdfunding offerings and regional offerings take effect. The agreement... Read More

Going Public Lawyer

]]>
Former Shell Company, Terminus Energy and Its Officers Charged With Securities Fraud https://www.securitieslawyer101.com/2017/terminus-energy-charged-with-securities-fraud/ Fri, 17 Feb 2017 19:09:02 +0000 https://www.securitieslawyer101.com/?p=36272 Going Public Lawyer

On February 14, 2017 the Securities and Exchange Commission (the “SEC) charged Terminus Energy, Inc and four corporate officers with securities fraud. According to the SEC, Terminus Energy and its four officers misleading investors about the research, development,... Read More

Going Public Lawyer

]]>
FBI Informant Guy Gentile’s Indictment Is Tossed by the Judge https://www.securitieslawyer101.com/2017/fbi-informant-guy-gentiles-indictment-tossed-judge/ Wed, 01 Feb 2017 21:13:42 +0000 https://www.securitieslawyer101.com/?p=36259 Going Public Lawyer

Guy Gentile Gets Good News On January 30, 2017, brokerage firm owner Guy Gentile got the good news he’d been hoping for:  Judge Jose Linares of the United States District Court for the District of New Jersey had... Read More

Going Public Lawyer

]]>
SEC Final Judgment Entered Against Graduate Leverage https://www.securitieslawyer101.com/2017/36142/ Mon, 23 Jan 2017 15:07:47 +0000 https://www.securitieslawyer101.com/?p=36142 Going Public Lawyer

On December 23, 2016, the United States District Court for the District of Massachusetts entered final judgments against Graduate Leverage, LLC, GL Capital Partners, LLC, GL Investment Services, LLC, Taft Financial Services, LLC, and GL Advisor Solutions, Inc. These... Read More

Going Public Lawyer

]]>
Final Judgment Entered Against Gregg Mulholland Posted by Brenda Hamilton https://www.securitieslawyer101.com/2017/final-judgment-entered-gregg-mulholland-posted-brenda-hamilton/ Sun, 22 Jan 2017 15:04:25 +0000 https://www.securitieslawyer101.com/?p=36134 Going Public Lawyer

On January 11, 2017, the U.S. District Court for the Eastern District of New York entered a final judgment against defendant Gregg R. Mulholland, a penny stock promoter charged in an SEC action with illegally selling more than... Read More

Going Public Lawyer

]]>
Final Judgment Entered in “Prime Bank” Fraud – By: Brenda Hamilton https://www.securitieslawyer101.com/2017/final-judgment-entered-prime-bank-fraud-brenda-hamilton/ Sat, 21 Jan 2017 14:50:47 +0000 https://www.securitieslawyer101.com/?p=36131 Going Public Lawyer

On January 13, 2017, the U.S. District Court for the District of Minnesota entered a final judgment against Minnesota resident James M. Louks and his company, FiberPoP Solutions, Inc. Louks and FiberPoP are defendants in an SEC civil... Read More

Going Public Lawyer

]]>
Traders Charged With Hacking Lawyers – Posted by Brenda Hamilton https://www.securitieslawyer101.com/2017/traders-charged-trading-hacked-lawyers-posted-brenda-hamilton/ Sun, 08 Jan 2017 13:02:05 +0000 https://www.securitieslawyer101.com/?p=36125 Going Public Lawyer

  On December 27, 2016, the Securities and Exchange Commission charged three Chinese traders with fraudulently trading on hacked nonpublic market-moving information stolen from two prominent New York-based law firms, racking up almost $3 million in illegal profits. ... Read More

Going Public Lawyer

]]>
General Cable Corporation Settles FCPA Charges – Posted by Brenda Hamilton https://www.securitieslawyer101.com/2017/general-cable-corporation/ Sat, 07 Jan 2017 13:00:53 +0000 https://www.securitieslawyer101.com/?p=36120 Going Public Lawyer

Posted by Brenda Hamilton One December 29, 2016, the Securities and Exchange Commission announced that Kentucky-based General Cable Corporation agreed to pay more than $75 million to resolve parallel SEC and U.S. Department of Justice investigations related to its violations... Read More

Going Public Lawyer

]]>
Blackbird Capital Partners LLC and Owners Charged in Ponzi Scheme https://www.securitieslawyer101.com/2016/blackbird-capital-partner/ Mon, 19 Dec 2016 05:00:17 +0000 https://www.securitieslawyer101.com/?p=36115 Going Public Lawyer

On November 28, 2016, the Securities and Exchange Commission (“SEC”) obtained a temporary restraining order and an emergency asset freeze in a $3 million offering fraud and Ponzi scheme orchestrated by Andrew Kelley, Paul Shumway and their company... Read More

Going Public Lawyer

]]>
Matthew and William Griffin Charged with Fraud https://www.securitieslawyer101.com/2016/matthew-william-griffin-fraud/ Sun, 18 Dec 2016 05:00:45 +0000 https://www.securitieslawyer101.com/?p=36114 Going Public Lawyer

On November 23, 2016, the Securities and Exchange Commission (“SEC”) filed a civil action charging brothers Matthew Griffin and William Griffin with fraudulently offering interests in two Texas partnerships. The SEC alleges that, between November 2013 and July... Read More

Going Public Lawyer

]]>
CEO of Warrior Girl Corp. Jason Kumpf Charged with Fraud https://www.securitieslawyer101.com/2016/warrior-girl-corp-jason-kumpf-fraud/ Sat, 17 Dec 2016 05:00:43 +0000 https://www.securitieslawyer101.com/?p=36111 Going Public Lawyer

On November 21, 2016, the Securities and Exchange Commission (“SEC”) charged Jason William Kumpf, the former CEO and president of microcap issuer Warrior Girl Corp. and a resident of San Francisco, California, with fraud based on his involvement in... Read More

Going Public Lawyer

]]>
FBI Informant Guy Gentile Pushes Back https://www.securitieslawyer101.com/2016/fbi-informant-guy-gentile-pushes-back/ Thu, 15 Dec 2016 14:02:43 +0000 https://www.securitieslawyer101.com/?p=36104 Going Public Lawyer

In September, we wrote about Guy Gentile, the owner of two successful stock brokerages, and his troubles with the U.S. Department of Justice (“DOJ”).  According to the DOJ, back in 2007-2008, Guy Gentile had become involved in the... Read More

Going Public Lawyer

]]>
William Allen and Susan Daub Plead Guilty to Wire Fraud https://www.securitieslawyer101.com/2016/william-allen-susan-daub-plead-guilty-wire-fraud/ Tue, 13 Dec 2016 05:00:40 +0000 https://www.securitieslawyer101.com/?p=36100 Going Public Lawyer

On November 14, 2016 and November 21, 2016, William Allen and Susan Daub pled guilty in federal court to criminal wire fraud and other charges in connection with an investment scheme involving fraudulent loans to professional athletes. The... Read More

Going Public Lawyer

]]>
Stanley Fortenberry Pleads Guilty to $900,000 Fraud https://www.securitieslawyer101.com/2016/stanley-fortenberry-fraud/ Mon, 12 Dec 2016 05:00:42 +0000 https://www.securitieslawyer101.com/?p=36096 Going Public Lawyer

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 with obstruction of justice and other charges in connection with two investment companies he ran that... Read More

Going Public Lawyer

]]>
Former KIT Digital Inc. President Gavin Campion Charged with Securities Fraud https://www.securitieslawyer101.com/2016/kit-digital-inc-gavin-campion-securities-fraud/ Sun, 11 Dec 2016 05:00:14 +0000 https://www.securitieslawyer101.com/?p=36094 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) charged Gavin Campion, the former president of KIT Digital Inc., with securities fraud. The SEC’s complaint, filed in federal court in New York on November 15, alleges that over a one-year period... Read More

Going Public Lawyer

]]>
Francisco Martin Charged with Defrauding Investors in Native American Tribal Bonds https://www.securitieslawyer101.com/2016/francisco-martin-fraud-native-american-bonds/ Sat, 10 Dec 2016 18:08:20 +0000 https://www.securitieslawyer101.com/?p=36092 Going Public Lawyer

On November 14, 2016, the Securities and Exchange Commission (“SEC”) added Francisco Martin of Woodland Hills, California to a civil injunctive action currently pending in the U.S. District Court for the Southern District of New York, charging him with defrauding... Read More

Going Public Lawyer

]]>
Beware of Lawyers Bearing Gifts – Custodianship Shells and Reverse Mergers https://www.securitieslawyer101.com/2016/custodianship-shells-and-reverse-mergers/ Sun, 04 Dec 2016 16:07:01 +0000 https://www.securitieslawyer101.com/?p=36086 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) says it doesn’t like over-the-counter shell companies especially when reverse mergers are involved, and would like to see them gone from the marketplace.  To that end, its Enforcement Division cooked up an... Read More

Going Public Lawyer

]]>
Government Official Gordon Johnson Reaches Settlement for Insider Trading https://www.securitieslawyer101.com/2016/gordon-johnston-insider-trading-settlement/ Sat, 03 Dec 2016 05:00:44 +0000 https://www.securitieslawyer101.com/?p=36084 Going Public Lawyer

On November 14, 2016 the Securities and Exchange Commission (“SEC”) announced that it entered into a settlement agreement with Gordon Johnston, a former official at the U.S. Food and Drug Administration’s Office of Generic Drugs (OGD) who allegedly participated... Read More

Going Public Lawyer

]]>
What Is An Unregistered Broker? – Going Public Lawyers https://www.securitieslawyer101.com/2016/what-is-an-unregistered-broker/ Wed, 30 Nov 2016 20:18:37 +0000 http://www.securitieslawyer101.com/?p=25902 Going Public Lawyer

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

Going Public Lawyer

]]>
President of TelexFree James Merrill Pleads Guilty to Running Pyramid Scheme https://www.securitieslawyer101.com/2016/telexfree-james-merrill-pyramid-scheme/ Wed, 16 Nov 2016 01:10:17 +0000 https://www.securitieslawyer101.com/?p=36018 Going Public Lawyer

On October 24, 2016, James M. Merrill, of Ashland, Massachusetts, the former president of TelexFree, Inc. and TelexFree, LLC, pled guilty to criminal charges related to his operating a pyramid scheme through TelexFree. On May 9, 2014, Merrill... Read More

Going Public Lawyer

]]>
Attorney Adam Tracy & the Nefarious World of Custodianship Shells https://www.securitieslawyer101.com/2016/adam-tracy-attorney-sec-investigation/ Mon, 14 Nov 2016 23:43:03 +0000 https://www.securitieslawyer101.com/?p=35984 Going Public Lawyer

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 marketplace.  To that end, its Enforcement Division cooked up an initiative it called  “Operation Shell-Expel”.  It... Read More

Going Public Lawyer

]]>
Marc Broidy Charged with Defrauding Investors in 3 Separate Schemes https://www.securitieslawyer101.com/2016/marc-broidy-investment-scheme/ Mon, 14 Nov 2016 05:00:13 +0000 https://www.securitieslawyer101.com/?p=36020 Going Public Lawyer

On October 27, 2016 the Securities and Exchange Commission (“SEC”) charged a Los-Angeles based investment advisory firm and its owner, Marc Broidy with fraudulently overbilling clients and stealing assets from their trusts to pay such personal expenses as his... Read More

Going Public Lawyer

]]>
Southlake Resources Group and Owner Cody Winters Charged with Fraud https://www.securitieslawyer101.com/2016/southlake-resources-group-fraud/ Mon, 14 Nov 2016 00:42:52 +0000 https://www.securitieslawyer101.com/?p=36016 Going Public Lawyer

Texas company Southlake Resources Group, LLC and its president Cody Winters have agreed to pay over $5.4 million to settle charges by the Securities and Exchange Commission (“SEC”) that they orchestrated an oil-and-gas fraud. The SEC also charged the... Read More

Going Public Lawyer

]]>
Brazilian Airplane Manufacturer Embraer S.A. Charged with FCPA Violations https://www.securitieslawyer101.com/2016/embraer-fcpa-violations/ Sat, 12 Nov 2016 00:41:05 +0000 https://www.securitieslawyer101.com/?p=36014 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) announced a global settlement along with the U.S. Department of Justice and Brazilian authorities that requires aircraft manufacturer Embraer S.A. to pay more than $205 million to resolve alleged violations of the Foreign... Read More

Going Public Lawyer

]]>
Executive of Pinnacle Financial Partners James Cope Charged with Insider Trading https://www.securitieslawyer101.com/2016/pinnacle-financial-partners-james-cope-insider-trading/ Mon, 07 Nov 2016 05:00:06 +0000 https://www.securitieslawyer101.com/?p=36007 Going Public Lawyer

On October 21, 2016 the Securities and Exchange Commission (“SEC”) charged a James Cope, a Tennessee lawyer who served on the executive committee of the board of directors of Nashville-based Pinnacle Financial Partners with insider trading based on nonpublic... Read More

Going Public Lawyer

]]>
Christopher Salis and Douglas and Edward Miller Charged with Insider Trading https://www.securitieslawyer101.com/2016/christopher-salis-miller-charged-insider-trading/ Sun, 06 Nov 2016 04:00:15 +0000 https://www.securitieslawyer101.com/?p=36005 Going Public Lawyer

A federal grand jury in the Northern District of Indiana has indicted Christopher Salis, Douglas Miller, and Edward Miller on charges relating to insider trading, money laundering, and structuring currency transactions. The 17-count indictment also charges Douglas Miller... Read More

Going Public Lawyer

]]>
SEC Issues Form S-3 Registration and Annual Report C&DIs https://www.securitieslawyer101.com/2016/form-s-3-annual-report/ Sat, 05 Nov 2016 15:37:45 +0000 https://www.securitieslawyer101.com/?p=36009 Going Public Lawyer

On November 2, 2016, the Securities and Exchange Commission (“SEC”) Division of Corporation Finance released two new compliance and disclosure interpretations (“C&DIs”) addressing eligibility to use Form S-3 registration statements and submission of annual reports to the SEC.... Read More

Going Public Lawyer

]]>
Lime Energy Co. and Four Execs Charged with Accounting Fraud https://www.securitieslawyer101.com/2016/lime-energy-co-charged-accounting-fraud/ Sat, 05 Nov 2016 04:00:22 +0000 https://www.securitieslawyer101.com/?p=36003 Going Public Lawyer

On October 17, 2016 the Securities and Exchange Commission (“SEC”) charged Lime Energy Co., an energy services provider and four of its executives for their roles in an accounting fraud in which the company recognized revenue earlier than allowed... Read More

Going Public Lawyer

]]>
Rule 147: Not Just for In-State Investors Anymore https://www.securitieslawyer101.com/2016/rule-147-not-just-state-investors-anymore/ Thu, 03 Nov 2016 15:49:13 +0000 https://www.securitieslawyer101.com/?p=35980 Going Public Lawyer

  On October 26, 2016, the Securities & Exchange Commission (the “SEC”) adopted  amendments to Rule 147 of the Securities Act of 1933, as amended (“Securities Act”) to modernize the exemptions for intrastate securities offerings. According to the SEC, the... Read More

Going Public Lawyer

]]>
Ikenna Ikokwu Charged with Recommending Tax Lien Investment Scheme to Clients https://www.securitieslawyer101.com/2016/ikenna-ikokwu-tax-lien-investment-scheme/ Wed, 02 Nov 2016 04:00:45 +0000 https://www.securitieslawyer101.com/?p=35971 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) announced fraud charges against Ikenna Ikokwu, an investment adviser who recommended a Ponzi-like tax lien investment scheme to his clients. According to the SEC’s complaint, filed in the U.S. District Court for... Read More

Going Public Lawyer

]]>
Court Enters Final Judgments Against Paul Downey and Two Others https://www.securitieslawyer101.com/2016/final-judgment-downey-oil-gas-fraud/ Tue, 01 Nov 2016 04:00:50 +0000 https://www.securitieslawyer101.com/?p=35969 Going Public Lawyer

On September 29, the Honorable Sam R. Cummings of the United States District Court for the Northern District of Texas entered final judgments against Defendants Paul Downey, Jeffry Downey, and John Leonard. The judgments followed summary-judgment rulings in... Read More

Going Public Lawyer

]]>
Louis Buonocore and 4 Others Charged for Operating a Fraudulent Penny Stock Scheme https://www.securitieslawyer101.com/2016/buonocore-penny-stock-scheme/ Mon, 31 Oct 2016 04:00:56 +0000 https://www.securitieslawyer101.com/?p=35961 Going Public Lawyer

On September 29, 2016, the Securities and Exchange Commission (“SEC”) charged five individuals for engaging in a fraudulent scheme to illegally profit by manipulating the market and price for the stock of Ecoland International, Inc. (now known as... Read More

Going Public Lawyer

]]>
Marcus Luna and Norell Walker Charged in Penny Stock Scam https://www.securitieslawyer101.com/2016/marcus-luna-penny-stock-scam/ Sun, 30 Oct 2016 04:00:45 +0000 https://www.securitieslawyer101.com/?p=35959 Going Public Lawyer

On September 30, 2016 the Securities and Exchange Commission (“SEC”) charged an attorney and three others in California with defrauding investors out of $13.6 million in a penny stock pump-and-dump scheme. The SEC alleges that Marcus Luna and... Read More

Going Public Lawyer

]]>
Cannabis Company Infinex Ventures and CEO Ronald Salem Charged with Fraud https://www.securitieslawyer101.com/2016/infinex-ventures-ronald-salem-fraud/ Sat, 29 Oct 2016 04:00:47 +0000 https://www.securitieslawyer101.com/?p=35954 Going Public Lawyer

On September 30, 2016, the Securities and Exchange Commission (“SEC”) filed fraud charges against cannabis company Infinex Ventures, Inc. and its CEO Ronald Salem. According to the SEC’s complaint filed in the U.S. District Court for the District of Colorado,... Read More

Going Public Lawyer

]]>
SEC Expands Rule 504 of Regulation D & Rule 147 https://www.securitieslawyer101.com/2016/sec-expands-rule-504-regulation-d-rule-147/ Fri, 28 Oct 2016 10:15:43 +0000 https://www.securitieslawyer101.com/?p=35963 Going Public Lawyer

On October 26, 2016, the Securities and Exchange Commission (the “SEC”) adopted final rules that amend Rule 504 of Regulation D and Rule 147. According to the SEC, these new rules modernize how companies can raise money to... Read More

Going Public Lawyer

]]>
Former CEO of Gerova Financial Gary Hirst Charged with Securities Fraud https://www.securitieslawyer101.com/2016/gerova-financial-gary-hirst-fraud/ Fri, 28 Oct 2016 04:00:29 +0000 https://www.securitieslawyer101.com/?p=35952 Going Public Lawyer

    On September 28, 2016, a federal court jury in New York, New York convicted Gary Hirst, the former CEO and President of Gerova Financial Group Ltd., of securities fraud, wire fraud and conspiracy charges. The criminal... Read More

Going Public Lawyer

]]>
Aegis Oil and President Patrick Beason Charged with Oil and Gas Fraud https://www.securitieslawyer101.com/2016/aegis-oil-patrick-beason-fraud/ Thu, 27 Oct 2016 04:00:34 +0000 https://www.securitieslawyer101.com/?p=35950 Going Public Lawyer

On September 29, 2016, the Securities and Exchange Commission (“SEC”) charged Aegis Oil, LLC and its President and CEO Patrick Reagan Beason with defrauding investors in oil and gas projects managed by Aegis. According to the SEC’s complaint filed... Read More

Going Public Lawyer

]]>
Nicholas Savva Charged with Defrauding Investors in His Hedge Fund https://www.securitieslawyer101.com/2016/nicholas-savva-fraud/ Wed, 26 Oct 2016 04:00:15 +0000 https://www.securitieslawyer101.com/?p=35944 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) announced settled charges against Nicholas Savva, a New York City resident, with defrauding 12 investors in connection with his hedge fund, Five Star Capital Fund, LP. In a complaint filed in the U.S.... Read More

Going Public Lawyer

]]>
Robert Gadimian Charged with Insider Trading https://www.securitieslawyer101.com/2016/robert-gadimian-insider-trading/ Tue, 25 Oct 2016 04:00:25 +0000 https://www.securitieslawyer101.com/?p=35946 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) today charged the former senior director of regulatory affairs for Puma Biotechnology with insider trading ahead of the company’s news announcements about a drug to treat breast cancer. The SEC alleges that... Read More

Going Public Lawyer

]]>
SEC Charges Former Stockbroker Peter Kohli with Fraud and Orders an Asset Freeze https://www.securitieslawyer101.com/2016/peter-kohli-fraud/ Mon, 24 Oct 2016 04:00:08 +0000 https://www.securitieslawyer101.com/?p=35942 Going Public Lawyer

On September 28, 2016 the Securities and Exchange Commission (“SEC”) announced charges and an emergency asset freeze against former stockbroker Peter Kohli for defrauding investors in his failing mutual fund business. The SEC’s complaint, filed in federal court in Philadelphia,... Read More

Going Public Lawyer

]]>
SEC Charges CEO Craig Sizer of Microcap Company with Fraud https://www.securitieslawyer101.com/2016/craig-sizer-microcap-company-fraud/ Sun, 23 Oct 2016 04:00:02 +0000 https://www.securitieslawyer101.com/?p=35938 Going Public Lawyer

On September 26, 2016 the Securities and Exchange Commission (“SEC”) charged a former microcap company CEO and a boiler room operator with defrauding seniors and others who were pressured to invest in a pair of penny stock companies... Read More

Going Public Lawyer

]]>
Former IT Executive Charged in Computer Sciences Corporation Fraud Scheme https://www.securitieslawyer101.com/2016/it-executive-computer-sciences-corporation-fraud/ Sat, 22 Oct 2016 04:00:24 +0000 https://www.securitieslawyer101.com/?p=35932 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) announced on September 27, 2016 that a former IT executive at the Commonwealth Bank of Australia (CBA) has agreed to settle charges that he participated in a scheme to defraud Computer Sciences Corporation... Read More

Going Public Lawyer

]]>
Jason Wallace Charged for Pump and Dump Scheme https://www.securitieslawyer101.com/2016/jason-wallace-charged-for-pump-and-dump-scheme/ Fri, 21 Oct 2016 04:00:31 +0000 https://www.securitieslawyer101.com/?p=35930 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) filed a civil injunctive action in the U.S. District Court for the Central District of California against Jason Wallace alleging that he violated the antifraud and registration requirements of the federal securities laws... Read More

Going Public Lawyer

]]>
Alternative Fuel Company KiOR, Inc. Charged with Failure of Full Disclosure https://www.securitieslawyer101.com/2016/alternative-fuel-company-mard-inc-charged-failure-full-disclosure/ Thu, 20 Oct 2016 04:00:11 +0000 https://www.securitieslawyer101.com/?p=35928 Going Public Lawyer

On September 26, 2016, the Securities and Exchange Commission charged Texas-based Mard, Inc., formerly known as KiOR, Inc., and its former CEO and President Fred Cannon for failing to disclose important assumptions about the yield that KiOR had... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Daniel Thibeault for $15 Million Fraud https://www.securitieslawyer101.com/2016/court-enters-final-judgment-daniel-thibeault-15-million-fraud/ Wed, 19 Oct 2016 04:00:55 +0000 https://www.securitieslawyer101.com/?p=35926 Going Public Lawyer

On September 26, 2016, the Honorable Nathaniel M. Gorton of the United States District Court for the District of Massachusetts entered a final judgment against Daniel Thibeault, of Framingham, Massachusetts. Thibeault is a defendant in an SEC enforcement... Read More

Going Public Lawyer

]]>
The Regulation A+ Offering Process – Going Public Attorneys https://www.securitieslawyer101.com/2016/the-regulation-a-offering-process-going-public-attorneys/ Wed, 19 Oct 2016 04:00:17 +0000 https://www.securitieslawyer101.com/?p=31636 Going Public Lawyer

On June 19, 2015, Regulation A+ became effective. The new rules which were promulgated under the Jumpstart Our Business Startups Act (JOBS Act), create two Tiers of exempt offerings, both of which allow securities to be offered and sold to the... Read More

Going Public Lawyer

]]>
Owners of North Star Finance LLC Charged with Fraud https://www.securitieslawyer101.com/2016/owners-of-north-star-finance-llc-charged-with-fraud/ Tue, 18 Oct 2016 15:00:38 +0000 https://www.securitieslawyer101.com/?p=35924 Going Public Lawyer

On September 21, 2016, North Star Finance LLC, G. Thomas Ellis, and Yasuo Oda entered consents to settle the SEC’s charges against them. Without admitting or denying the allegations in the SEC’s complaint, North Star, Ellis, and Oda... Read More

Going Public Lawyer

]]>
Sheren Tsai and Colin Whelehan Charged with Insider Trading in Home Security Company https://www.securitieslawyer101.com/2016/tsai-whelehan-insider-trading/ Sun, 02 Oct 2016 04:00:08 +0000 https://www.securitieslawyer101.com/?p=35909 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) announced charges on September 22, 2016 against Sheren Tsai and Colin Whelehan for insider trading in advance of the acquisition of a home security company based on confidential information tipped to the trader by her... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Lee Vacaro in Fraud Case https://www.securitieslawyer101.com/2016/lee-vaccaro-final-judgment/ Sat, 01 Oct 2016 04:00:35 +0000 https://www.securitieslawyer101.com/?p=35906 Going Public Lawyer

On September 16, 2016, the Honorable William J. Martini of the United States District Court for the District of New Jersey entered a judgment against defendant Lee Vaccaro that imposed permanent injunctions and an officer and director bar.... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Saleem Khan and Roshanlal Chaganlal for Insider Trading Scheme https://www.securitieslawyer101.com/2016/final-judgment-saleem-khan-roshanlal-chaganlal/ Fri, 30 Sep 2016 04:00:54 +0000 https://www.securitieslawyer101.com/?p=35903 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) announced on September 21, 2016 that the Honorable Haywood S. Gilliam of the U.S. District Court for the Northern District of California entered a final judgment against defendants Saleem Khan and Roshanlal Chaganlal ordering the... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment in Wings Network Pyramid Scheme Case https://www.securitieslawyer101.com/2016/final-judgment-wings-network/ Thu, 29 Sep 2016 04:00:51 +0000 https://www.securitieslawyer101.com/?p=35900 Going Public Lawyer

A federal court in Boston, Massachusetts, recently entered final judgments by consent against six defendants in an ongoing enforcement action filed by the Securities and Exchange Commission (“SEC”) in February 2015. The SEC charged two Portuguese companies operating... Read More

Going Public Lawyer

]]>
Steven Metro Sentenced to 46 Months in Prison for Insider Trading Scheme https://www.securitieslawyer101.com/2016/steven-metro-46-months-in-prison-for-insider-trading/ Wed, 28 Sep 2016 04:00:59 +0000 https://www.securitieslawyer101.com/?p=35897 Going Public Lawyer

On September 14, 2016 Steven Metro, a former Simpson Thacher & Bartlett employee, was sentenced to 46 months in federal prison. Metro previously pleaded guilty to criminal charges arising from his role in a long running insider trading... Read More

Going Public Lawyer

]]>
Stock-Trading Whiz Kid and Company Wealthpire Inc. Charged with Fraud https://www.securitieslawyer101.com/2016/manuel-jesus-wealthpire-fraud/ Tue, 27 Sep 2016 04:00:43 +0000 https://www.securitieslawyer101.com/?p=35894 Going Public Lawyer

On September 13, 2016 he Securities and Exchange Commission (“SEC”) announced that self-proclaimed “stock trading whiz kid” Manuel Jesus and his stock newsletter company in Los Angeles have agreed to pay nearly $1.5 million to settle charges that they defrauded... Read More

Going Public Lawyer

]]>
SEC Charges Movie Exec Manu Kumaran https://www.securitieslawyer101.com/2016/sec-charges-manu-kumaran/ Mon, 26 Sep 2016 10:21:59 +0000 https://www.securitieslawyer101.com/?p=35912 Going Public Lawyer

On September 23, 2016, the Securities and Exchange Commission (“SEC”) charged Manu Kumaran in connection with Medient Studios and later Moon River Studios. According to the SEC, Kumaran defrauded investors in a purported project to construct the largest movie studio in... Read More

Going Public Lawyer

]]>
Court Enters Injunction Against Safety Technologies LLC and Its Owner https://www.securitieslawyer101.com/2016/court-enters-injunction-against-safety-technologies-llc-and-owner/ Mon, 26 Sep 2016 04:00:54 +0000 https://www.securitieslawyer101.com/?p=35890 Going Public Lawyer

On September 12, 2016, the Honorable Alvin W. Thompson, a federal judge in the U.S. District Court for the District of Connecticut, entered a preliminary injunction and continued asset freeze by consent against Thomas Connerton and his company,... Read More

Going Public Lawyer

]]>
SEC Charges Tycoon Energy Inc and Its President with Running a $5.6 Million Fraud https://www.securitieslawyer101.com/2016/tycoon-energy-5-6-million-fraud/ Sun, 25 Sep 2016 04:00:36 +0000 https://www.securitieslawyer101.com/?p=35887 Going Public Lawyer

The Securities and Exchange Commission  (“SEC”) charged Tycoon Energy, Inc. and its president, Matthew Dee Nerbonne, with orchestrating an oil and gas fraud. The SEC’s complaint, filed on September 9, 2016, in the U.S. District Court for the... Read More

Going Public Lawyer

]]>
Pro Basketball Player Defrauded by Investment Advisor Charles Banks https://www.securitieslawyer101.com/2016/charles-banks-fraud/ Sat, 24 Sep 2016 04:00:19 +0000 https://www.securitieslawyer101.com/?p=35884 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) announced on September 12, 2016 that it has charged Atlanta-based investment adviser Charles Augustus Banks, IV with defrauding a former professional basketball player by inducing him to invest in a sports team apparel... Read More

Going Public Lawyer

]]>
Mark Bloom and Firm North Hills Management LLC Charged with Fraud https://www.securitieslawyer101.com/2016/mark-bloom-north-hills-management-fraud-charges/ Fri, 23 Sep 2016 10:00:08 +0000 https://www.securitieslawyer101.com/?p=35879 Going Public Lawyer

On September 6, 2016, the Securities and Exchange Commission (“SEC”) obtained a final judgment against Mark Evan Bloom and his advisory firm, North Hills Management, LLC, for securities fraud in a civil enforcement action filed on February 25,... Read More

Going Public Lawyer

]]>
RPM International Charged with Disclosure and Accounting Failures https://www.securitieslawyer101.com/2016/rpm-charged-with-disclosure-failure/ Wed, 21 Sep 2016 04:00:34 +0000 https://www.securitieslawyer101.com/?p=35873 Going Public Lawyer

On September 9, 2016 the Securities and Exchange Commission (“SEC”) charged Ohio-based chemical company RPM International Inc. and its General Counsel, Edward Moore, with failing to disclose a material loss contingency, or record an accrual for, a government... Read More

Going Public Lawyer

]]>
Four Fraudsters Charged in Arco Hills Silica Mining Company Scheme https://www.securitieslawyer101.com/2016/four-charged-in-arco-hills-silica-scheme/ Sun, 11 Sep 2016 04:00:15 +0000 https://www.securitieslawyer101.com/?p=35795 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) charged Gordon Jenkins, Theodore Sweeten, Francis Kreais and Craig Parkinson with orchestrating an offering fraud involving the sale of interests in a purported mining company, Arco Hills Silica Company. The SEC’s complaint, filed... Read More

Going Public Lawyer

]]>
Guy Gentile Says FBI Double-Crossed Him https://www.securitieslawyer101.com/2016/guy-gentile-claims-fbi-double-cross/ Sat, 10 Sep 2016 17:56:20 +0000 https://www.securitieslawyer101.com/?p=35798 Going Public Lawyer

Stockbroker Guy Gentile was flying high as 2012 began.  In January, he gave an interview to the Nassau Guardian in which he predicted wild success for his new Bahamas brokerage, SureTrader, a division of Swiss America Securities, Ltd.,... Read More

Going Public Lawyer

]]>
SEC Obtains Emergency Order to Prevent Anthony Buzaneli from Leaving U.S. https://www.securitieslawyer101.com/2016/sec-emergency-order-anthony-buzaneli/ Sat, 10 Sep 2016 04:00:56 +0000 https://www.securitieslawyer101.com/?p=35777 Going Public Lawyer

On August 26, 2016, Judge Susan Richard Nelson of the District of Minnesota issued an order requiring Anthony Buzaneli to surrender his passports and prohibiting him from leaving the United States until further order of the Court. The... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Jilbert Tahmazian in an Antifraud Action https://www.securitieslawyer101.com/2016/final-judgment-jilbert-tahmazian-antifraud-action/ Fri, 09 Sep 2016 04:00:31 +0000 https://www.securitieslawyer101.com/?p=35774 Going Public Lawyer

On August 26, 2016, the U.S. District Court for the Central District of California entered a final judgment against Jilbert Tahmazian, an attorney licensed in California, ordering him to pay $196,524 to settle an antifraud action filed by... Read More

Going Public Lawyer

]]>
Donald Watkins and his Companies Charged with Defrauding Investors https://www.securitieslawyer101.com/2016/donald-watkins-fraud/ Thu, 08 Sep 2016 04:00:00 +0000 https://www.securitieslawyer101.com/?p=35770 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) charged Alabama attorney Donald Watkins and companies he controls with defrauding professional athletes and other investors out of millions of dollars, much of which he spent on his girlfriend and to cover... Read More

Going Public Lawyer

]]>
Court Enters Final Judgments Against Promotors of Fraud Company Wings Network https://www.securitieslawyer101.com/2016/wings-network-final-judgment/ Wed, 07 Sep 2016 04:00:00 +0000 https://www.securitieslawyer101.com/?p=35762 Going Public Lawyer

On August 31, 2016, a federal court in Boston, Massachusetts, entered final judgments by default against five defendants in an ongoing enforcement action filed by the Securities and Exchange Commission (“SEC”) in February 2015. The SEC charged two... Read More

Going Public Lawyer

]]>
SEC Files Complaint Against Dennis Hamilton of Harman International Industries https://www.securitieslawyer101.com/2016/sec-files-complaint-against-executive-of-harman-international-industries/ Tue, 06 Sep 2016 04:00:12 +0000 https://www.securitieslawyer101.com/?p=35757 Going Public Lawyer

  On February 5, 2016, the SEC filed a complaint charging Dennis Wayne Hamilton with insider trading in the company’s stock and making more than $130,000 in illegal profits by trading on nonpublic information he learned on the... Read More

Going Public Lawyer

]]>
SEC Charges Enviro Board Corporation and Two Executives with Fraud https://www.securitieslawyer101.com/2016/sec-charges-enviro-board-and-two-executives-with-fraud/ Mon, 05 Sep 2016 04:00:12 +0000 https://www.securitieslawyer101.com/?p=35753 Going Public Lawyer

On August 26, 2016 the Securities and Exchange Commission (“SEC”) charged Enviro Board Corporation and two of its executives with using baseless financial projections and other misleading statements to defraud investors in a venture to manufacture environmentally-friendly building materials.... Read More

Going Public Lawyer

]]>
SEC Files Subpoena Against Edward Panos and His Wife for Penny Stock Fraud https://www.securitieslawyer101.com/2016/sec-files-subpoena-against-edward-panos-for-penny-stock-fraud/ Sun, 04 Sep 2016 04:00:10 +0000 https://www.securitieslawyer101.com/?p=35750 Going Public Lawyer

On August 25, 2016 the Securities and Exchange Commission (“SEC”) announced that it filed a subpoena enforcement action in the U.S. District Court for the District of Columbia against Edward Panos and his wife, Allison Panos, and various entities... Read More

Going Public Lawyer

]]>
SEC Charges Secured Income Reserve and Former Officers with Fraud https://www.securitieslawyer101.com/2016/secured-income-reserve-and-former-officers-charged-with-fraud/ Sat, 03 Sep 2016 04:00:50 +0000 https://www.securitieslawyer101.com/?p=35738 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) filed fraud charges against Secured Income Reserve, Inc. and three of its former officers alleging that Income Reserve, Ilona Mandelbaum of Palm Beach Gardens, Fla., David Zimmerman of Boca Raton, Fla., and... Read More

Going Public Lawyer

]]>
Cedric Cañas Charged with Insider Trading and Ordered to Pay Over $1.1 Million https://www.securitieslawyer101.com/2016/cedric-canas-charged-with-insider-trading/ Fri, 02 Sep 2016 04:00:47 +0000 https://www.securitieslawyer101.com/?p=35735 Going Public Lawyer

  The Securities and Exchange Commission (“SEC”) obtained a default judgment against a former high-ranking executive at Madrid-based Banco Santander, S.A. (“Santander”) for trading based on material, nonpublic information about a proposed acquisition for which the Spanish investment... Read More

Going Public Lawyer

]]>
John Ragsdale Charged with Aiding and Abetting Penny Stock Fraud https://www.securitieslawyer101.com/2016/john-ragsdale-charged-with-aiding-and-abetting-penny-stock-fraud/ Wed, 31 Aug 2016 04:00:37 +0000 https://www.securitieslawyer101.com/?p=35729 Going Public Lawyer

On August 22, 2016 the Securities and Exchange Commission (“SEC”) announced that it has charged John Ragsdale of South Carolina with aiding and abetting a penny stock fraud involving now-defunct U.S. public company Global Earth Energy, Inc. (Global Earth),... Read More

Going Public Lawyer

]]>
Michael Andre Jones Charged for Fraudulent Offering and Sales of Unregistered Securities https://www.securitieslawyer101.com/2016/michael-jones-charged-for-fraudulent-sale-unregistered-securities/ Tue, 30 Aug 2016 04:00:52 +0000 https://www.securitieslawyer101.com/?p=35726 Going Public Lawyer

On August 22, 2016 the Securities and Exchange Commission (“SEC”) announced that, on August 19, 2016, the SEC filed a settled civil action in U.S. District Court for the District of Columbia against Michael Andre Jones, alleging that he conducted... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Patrick O’Neill in Insider Trading Case https://www.securitieslawyer101.com/2016/patrick-oneill-insider-trading/ Mon, 29 Aug 2016 04:00:56 +0000 https://www.securitieslawyer101.com/?p=35723 Going Public Lawyer

On August 18, 2016, the federal district court in Massachusetts entered a final judgment against a senior vice president at Eastern Bank Corporation, Patrick O’Neill,  to settle allegations that he engaged in insider trading in the stock of Wainwright Bank... Read More

Going Public Lawyer

]]>
Sean Stewart Found Guilty of Insider Trading https://www.securitieslawyer101.com/2016/sean-stewart-found-guilty-of-insider-trading/ Sun, 28 Aug 2016 04:00:30 +0000 https://www.securitieslawyer101.com/?p=35714 Going Public Lawyer

On August 17, 2016, a jury in federal court in Manhattan returned a guilty verdict on all nine counts against former investment banker Sean Stewart in a criminal trial prosecuted by the U.S. Attorney’s Office for the Southern... Read More

Going Public Lawyer

]]>
Stockbroker Paul Rampoldi Charged with Insider Trading https://www.securitieslawyer101.com/2016/paul-rampoldi-charged-with-insider-trading/ Sat, 27 Aug 2016 04:00:34 +0000 https://www.securitieslawyer101.com/?p=35710 Going Public Lawyer

On August 11, 2016 the Securities and Exchange Commission (“SEC”) charged stockbroker Paul Rampoldi and his friend with participating in an insider trading scheme to profit in advance of two major announcements out of a pharmaceutical company. The... Read More

Going Public Lawyer

]]>
Global Digital Solutions of West Palm Beach, FL and CEO Charged with Fraud https://www.securitieslawyer101.com/2016/global-digital-solutions-and-ceo-charged-with-fraud/ Fri, 26 Aug 2016 04:00:04 +0000 https://www.securitieslawyer101.com/?p=35707 Going Public Lawyer

On August 12, 2016 the Securities and Exchange Commission (“SEC”) charged West Palm Beach-based Global Digital Solutions, former chairman and CEO Richard Sullivan, and former CFO David Loppert with defrauding investors by issuing false and misleading press releases purporting... Read More

Going Public Lawyer

]]>
Sameer and Praveen Sethi Found in Contempt of Court After Injuction https://www.securitieslawyer101.com/2016/sameer-and-praveen-sethi-contempt-of-court/ Thu, 25 Aug 2016 04:00:19 +0000 https://www.securitieslawyer101.com/?p=35699 Going Public Lawyer

On August 9, 2016, a federal court in Texas entered contempt orders against Sameer Sethi, Praveen Sethi, and John Weber after they violated the court’s May 26, 2015 preliminary injunction restraining Sameer Sethi and Sethi Petroleum, LLC from... Read More

Going Public Lawyer

]]>
Edwin Ruh Jr. and His Firm Charged for a Fraudulent Securities Offering https://www.securitieslawyer101.com/2016/sec-charges-edwin-ruh-jr-and-his-firm-with-a-fraudulent-securities-offering/ Wed, 24 Aug 2016 04:00:32 +0000 https://www.securitieslawyer101.com/?p=35695 Going Public Lawyer

On August 10, 2016, the Securities and Exchange Commission (“SEC”) filed fraud charges against an individual, Edwin Ruh Jr., and his firm, Pan Asia China Commerce Corp. Inc. (“PAC-3”), in connection with the fraudulent offering of an investment... Read More

Going Public Lawyer

]]>
Three Officers of Brokerage Firm Global Transition Solutions Charged with Fraud https://www.securitieslawyer101.com/2016/global-transition-charged-with-fraud/ Tue, 23 Aug 2016 04:00:34 +0000 https://www.securitieslawyer101.com/?p=35691 Going Public Lawyer

On August 8, 2016 the Securities and Exchange Commission (“SEC”) charged three individuals and the now-defunct firms Global Transition Solutions, Inc. and Global Transition Solutions, LLC (collectively “Global Transition”) with fraud for misleading their current and prospective customers... Read More

Going Public Lawyer

]]>
Football Player Merrill Robertson Jr. Charged with Running a $10 Million Fraud https://www.securitieslawyer101.com/2016/merrill-robertson-jr-with-running-a-10-million-fraud/ Mon, 22 Aug 2016 04:00:36 +0000 https://www.securitieslawyer101.com/?p=35702 Going Public Lawyer

On August 10, 2016 the Securities and Exchange Commission (“SEC”) charged Merrill Robertson Jr., a former player for the Philadelphia Eagles, with defrauding investors, including former coaches he knew from his time playing football for the Fork Union... Read More

Going Public Lawyer

]]>
Investment Advisor Patrick Churchville Pleads Guilty to Running $21 Million Ponzi https://www.securitieslawyer101.com/2016/patrick-churchville-guilty-running-21-million-ponzi/ Mon, 22 Aug 2016 04:00:36 +0000 https://www.securitieslawyer101.com/?p=35687 Going Public Lawyer

On August 4, 2016, Patrick Churchville, a defendant in an ongoing SEC litigation, pled guilty to an information charging him with five counts of wire fraud and one count of tax evasion in connection with orchestrating a $21... Read More

Going Public Lawyer

]]>
Cardiologist Dr. Edward Kosinski Charged with Insider Trading https://www.securitieslawyer101.com/2016/cardiologist-dr-edward-kosinski-charged-with-insider-trading/ Sun, 21 Aug 2016 04:00:55 +0000 https://www.securitieslawyer101.com/?p=35684 Going Public Lawyer

On August 4, 2016 the Securities and Exchange Commission (“SEC”) charged a cardiologist with insider trading on confidential developments as he worked on a clinical drug trial. The SEC alleges that Dr. Edward Kosinski of Weston, Connecticut, traded... Read More

Going Public Lawyer

]]>
Posted by Brenda Hamilton – Sandy Winick Sentenced https://www.securitieslawyer101.com/2016/posted-brenda-hamilton-sandy-winick-sentenced/ Sat, 20 Aug 2016 17:01:44 +0000 https://www.securitieslawyer101.com/?p=35675 Going Public Lawyer

Posted by Brenda Hamilton. On August 17, 2016, Penny Stock Fraudster, Sandy Winick, a  Canadian, was sentenced To 78 Months In prison for masterminding the international fraud scheme.  Winick was sentenced to 78 months in prison following his July... Read More

Going Public Lawyer

]]>
Leonid Momotok Pleads Guilty to Conspiracy to Commit Wire Fraud https://www.securitieslawyer101.com/2016/leonid-momotok-pleads-guilty-to-conspiracy-to-commit-wire-fraud/ Thu, 18 Aug 2016 04:00:20 +0000 https://www.securitieslawyer101.com/?p=35670 Going Public Lawyer

On August 2, 2016, Leonid Momotok of Suwanee, Georgia pled guilty before United States Magistrate Judge Ramon E. Reyes, Jr. in United States District Court for the Eastern District of New York to one count of conspiracy to... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Kenneth Rampino for Insider Trading https://www.securitieslawyer101.com/2016/court-enters-final-judgment-against-kenneth-rampino-for-insider-trading/ Wed, 17 Aug 2016 04:00:11 +0000 https://www.securitieslawyer101.com/?p=35663 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that the federal district court in Rhode Island has entered a final judgment against Kenneth Rampino, a resident of Seekonk, Massachusetts and a practicing attorney, ordering him to pay approximately $39,000... Read More

Going Public Lawyer

]]>
Court Finds Jeffry and Paul Downey and John Leonard Guilty of Oil and Gas Fraud https://www.securitieslawyer101.com/2016/court-finds-jeffry-paul-downey-john-leonard-guilty-oil-and-gas-fraud/ Tue, 16 Aug 2016 04:00:15 +0000 https://www.securitieslawyer101.com/?p=35654 Going Public Lawyer

On July 25, the Honorable Sam R. Cummings of the United States District Court for the Northern District of Texas granted summary judgment for the SEC on all claims against the father-and-son duo of Paul and Jeffry Downey,... Read More

Going Public Lawyer

]]>
Three Fraudsters on a Shopping Spree Met with an Asset Freeze https://www.securitieslawyer101.com/2016/three-fraudsters-on-shopping-spree-met-with-asset-freeze/ Mon, 15 Aug 2016 04:00:10 +0000 https://www.securitieslawyer101.com/?p=35630 Going Public Lawyer

On July 28, 2016 the Securities and Exchange Commission (“SEC”) announced an asset freeze it has obtained against three men who aren’t registered to sell investments and allegedly went on lavish shopping sprees with more than $5 million raised from... Read More

Going Public Lawyer

]]>
SEC Charges the Luca Entities with Eb-5 Investment Fraud https://www.securitieslawyer101.com/2016/luca-entities-investment-fraud/ Sun, 14 Aug 2016 04:00:45 +0000 https://www.securitieslawyer101.com/?p=35617 Going Public Lawyer

On July 26, 2016, the Honorable Charles R. Breyer of the United States District Court for the Northern District of California entered a final judgment against Luca International Group, LLC, Luca Resources Group, LLC, Luca Energy Fund, LLC... Read More

Going Public Lawyer

]]>
Rosalind Herman Sentenced to 7 Years, Ordered to Pay Nearly $2 Million in Restitution https://www.securitieslawyer101.com/2016/rosalind-herman-sentenced-to-7-years-ordered-to-pay-nearly-2-million-in-restitution/ Sat, 13 Aug 2016 04:00:54 +0000 https://www.securitieslawyer101.com/?p=35609 Going Public Lawyer

On July 27, 2016, Rosalind Herman, a relief defendant in an ongoing SEC fraud action, was sentenced to seven years in federal prison and ordered to pay $1,819,391 in restitution in a parallel criminal case. Herman and her... Read More

Going Public Lawyer

]]>
Charles Scoville & Traffic Monsoon Charged In Ponzi Scheme https://www.securitieslawyer101.com/2016/charles-scoville-traffic-monsoon/ Fri, 12 Aug 2016 04:00:55 +0000 https://www.securitieslawyer101.com/?p=35605 Going Public Lawyer

On July 26, 2016 the Securities and Exchange Commission (“SEC”) announced that it obtained an asset freeze against the operator of an international Ponzi scheme that raised more than $207 million from investors worldwide, primarily in the U.S., India, and... Read More

Going Public Lawyer

]]>
JNL Oilfield Instruments and Founder Jeffery McCollum Charged with Operating a Ponzi Scheme https://www.securitieslawyer101.com/2016/jnl-oilfield-instruments-and-founder-jeffery-mccollum-charged-with-operating-a-ponzi-scheme/ Thu, 11 Aug 2016 04:00:41 +0000 https://www.securitieslawyer101.com/?p=35600 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) announced that it has charged Odessa, Texas-based JNL Oilfield Instruments, LLC and its founder Jeffery McCollum with operating a multi-year Ponzi scheme. According to the SEC’s complaint filed in the U.S. District Court... Read More

Going Public Lawyer

]]>
Attorney Herbert Sudfeld Sentenced to 6 Months Imprisonment for Insider Trading https://www.securitieslawyer101.com/2016/herbert-sudfeld-sentenced-to-6-months-for-insider-trading/ Wed, 10 Aug 2016 04:00:15 +0000 https://www.securitieslawyer101.com/?p=35592 Going Public Lawyer

On July 22, 2016, Judge Cynthia M. Rufe of the U.S. District Court for the Eastern District of Pennsylvania sentenced former attorney Herbert Sudfeld, Jr. to six months imprisonment followed by three years of supervised release and 150... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Michael Cain https://www.securitieslawyer101.com/2016/sec-michael-cain/ Mon, 08 Aug 2016 04:00:59 +0000 https://www.securitieslawyer101.com/?p=35562 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) announced that on July 20, 2016, the Honorable Charles Pannell of the United States District Court for the Northern District of Georgia entered a final judgment against Michael Sean Cain. In its complaint,... Read More

Going Public Lawyer

]]>
SEC Nails Pot Stock Promoters https://www.securitieslawyer101.com/2016/pot-stock/ Sun, 07 Aug 2016 12:23:54 +0000 https://www.securitieslawyer101.com/?p=35584 Going Public Lawyer

On July 9, the Securities & Exchange Commission (“SEC”) settled with Alexander Hawatmeh and Christopher Mrowca who allegedly received more than $2.5 million by manipulating penny stock  pot stocks.  According to the proposed judgments filed in the US District... Read More

Going Public Lawyer

]]>
FINRA Amends Regulation NMS https://www.securitieslawyer101.com/2016/finra-amends-regulation-nms/ Sat, 06 Aug 2016 12:22:16 +0000 https://www.securitieslawyer101.com/?p=35581 Going Public Lawyer

The Financial Industry Regulatory Authority  has adopted amendments to its rules related to the operation of the Regulation NMS Plan to Address Extraordinary Volatility following a trading pause or regulatory halt.  FINRA Rule 6121.01 (Resumption of Trading in Securities... Read More

Going Public Lawyer

]]>
Court Issues Asset Freeze Over James Hugh Brennan and Douglas Albert Dyer in Fraud Case https://www.securitieslawyer101.com/2016/court-issues-asset-freeze-over-james-hugh-brennan-and-douglas-albert-dyer-in-fraud-case/ Sat, 06 Aug 2016 04:00:08 +0000 https://www.securitieslawyer101.com/?p=35557 Going Public Lawyer

On July 22, 2016, the Honorable Travis R. McDonough of the Eastern District of Tennessee entered a court-ordered asset freeze to halt an ongoing fraud by two former brokers with disciplinary histories who allegedly raised more than $5... Read More

Going Public Lawyer

]]>
SEC Charges Jeffrey Wilson, Former CEO of Imperial Petroleum with Securities Fraud https://www.securitieslawyer101.com/2016/sec-charges-jeffrey-wilson-former-ceo-of-imperial-petroleum-with-securities-fraud/ Thu, 04 Aug 2016 04:00:20 +0000 https://www.securitieslawyer101.com/?p=35552 Going Public Lawyer

On July 20, 2016, the SEC charged Jeffrey Wilson, the former CEO of Imperial Petroleum, Inc., and a defendant in a SEC civil enforcement action, with 19 counts of securities fraud and other violations of federal law on July... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Tyson Williams and Stanley Parrish in Fraud Case https://www.securitieslawyer101.com/2016/court-enters-final-judgment-against-two-defendants-in-fraud-case/ Tue, 02 Aug 2016 04:00:15 +0000 https://www.securitieslawyer101.com/?p=35546 Going Public Lawyer

On July 18, 2016, the U.S. District Court for the District of Utah entered final judgments against Tyson Williams and Stanley Parrish, both of whom were charged by the SEC in 2014 in connection with the sale of securities... Read More

Going Public Lawyer

]]>
SEC Charges Thomas Conrad and His Son with Fraud https://www.securitieslawyer101.com/2016/father-and-son-thomas-and-stuart-conrad-charged-with-fraud/ Mon, 01 Aug 2016 00:09:23 +0000 https://www.securitieslawyer101.com/?p=35541 Going Public Lawyer

On Friday, July 15, 2016, the Securities and Exchange Commission (“SEC”) charged Thomas Conrad, Jr. and his son, Stuart Conrad, and their two unregistered advisory firms, Financial Management Corporation (“FMC”) and Financial Management Corporation, S.R.L. (“FMC Uruguay”), with defrauding... Read More

Going Public Lawyer

]]>
Vineet Kalucha Sentenced to Federal Prison for Obstructing Investigation https://www.securitieslawyer101.com/2016/vineet-kalucha-sentenced-to-federal-prison-for-obstructing-investigation/ Sat, 30 Jul 2016 16:36:25 +0000 https://www.securitieslawyer101.com/?p=35525 Going Public Lawyer

Vineet Kalucha was sentenced to fifteen months in prison in a parallel criminal case after pleading guilty to charges that he obstructed justice in an investigation conducted by the SEC. Vineet Kalucha, whose sentence was handed down on July... Read More

Going Public Lawyer

]]>
OTC Markets 101 – The Basics of Listing https://www.securitieslawyer101.com/2016/otc-markets-101/ Sat, 30 Jul 2016 14:36:35 +0000 https://www.securitieslawyer101.com/?p=35531 Going Public Lawyer

Posted by Brenda Hamilton, Securities and Going Public Lawyer OTC Markets Group (“OTC Markets”) requires companies seeking quotation of their securities on the OTCQB® Venture Stage Marketplace (“OTCQB”) have an initial and ongoing $0.01 per share minimum bid price,... Read More

Going Public Lawyer

]]>
Thomas and Stuart Conrad Charged With Securities Fraud https://www.securitieslawyer101.com/2016/thomas-and-stuart-conrad-charged-with-securities-fraud/ Mon, 25 Jul 2016 15:11:55 +0000 https://www.securitieslawyer101.com/?p=35518 Going Public Lawyer

On Friday, July 15, 2016, the Securities and Exchange Commission (“SEC”) charged two residents of Alpharetta, Georgia, Thomas Conrad, Jr. and his son, Stuart Conrad, and their two unregistered advisory firms, Financial Management Corporation (“FMC”) and Financial Management... Read More

Going Public Lawyer

]]>
Judgments Entered Against Tyson Williams and Stanley Parrish https://www.securitieslawyer101.com/2016/judgments-entered-against-tyson-williams-and-stanley-parrish/ Mon, 25 Jul 2016 14:08:11 +0000 https://www.securitieslawyer101.com/?p=35511 Going Public Lawyer

On July 18, 2016, the U.S. District Court for the District of Utah entered final judgments against Tyson D. Williams and Stanley D. Parrish, both of whom were charged by the SEC in 2014 with fraud in connection... Read More

Going Public Lawyer

]]>
Jeffrey Wilson, the former CEO of Imperial Petroleum Found Guilty https://www.securitieslawyer101.com/2016/jeffrey-wilson-the-former-ceo-of-imperial-petroleum-found-guilty/ Sat, 23 Jul 2016 13:22:09 +0000 https://www.securitieslawyer101.com/?p=35507 Going Public Lawyer

On July 22, 2016, Jeffrey Wilson, the former CEO of Indiana-based Imperial Petroleum, Inc., and a defendant in a SEC civil enforcement action, was found guilty of 19 counts of securities fraud and other violations of federal law... Read More

Going Public Lawyer

]]>
When is a Foreign Private Issuer Required to File Form 6-K? https://www.securitieslawyer101.com/2016/sec-form-6-k/ Mon, 18 Jul 2016 20:40:44 +0000 https://www.securitieslawyer101.com/?p=35492 Going Public Lawyer

Foreign Private Issuers that are subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, (the “Exchange Act), must provide periodic reports to the Securities & Exchange  Commission. These include an annual report on Form 20-F... Read More

Going Public Lawyer

]]>
SEC Regulation A+ Meeting on Emerging Companies https://www.securitieslawyer101.com/2016/sec-meeting-on-emerging-companies/ Sun, 17 Jul 2016 20:04:00 +0000 https://www.securitieslawyer101.com/?p=35482 Going Public Lawyer

On July 14, 2016, the Securities and Exchange Commission (“SEC”) announced the agenda for its July 19 meeting of its Advisory Committee on Small and Emerging Companies.  The SEC Committee will focus on the first year of Regulation A+,... Read More

Going Public Lawyer

]]>
Permanent SEC Bar Against Joseph Apuzzo of Terex Corporation Entered https://www.securitieslawyer101.com/2016/joseph-apuzzo-sec-bar-terex-corporation/ Thu, 23 Jun 2016 15:31:02 +0000 https://www.securitieslawyer101.com/?p=35430 Going Public Lawyer

On May 5, 2016, Judge Alvin W. Thompson of the U.S. District Court for the District of Connecticut granted the SEC’s motion for an officer and director bar against Joseph F. Apuzzo, former Chief Financial Officer of Terex... Read More

Going Public Lawyer

]]>
The SEC Announces Securities Fraud In ForceField Energy https://www.securitieslawyer101.com/2016/the-sec-forcefield-energy/ Mon, 20 Jun 2016 15:45:15 +0000 https://www.securitieslawyer101.com/?p=35423 Going Public Lawyer

On May 3, 2016, the SEC announced  securities fraud charges against 10 individuals involved in cash bribes and other kickbacks to registered representatives and unregistered brokers who solicited investors to buy stock in ForceField Energy Inc. The SEC... Read More

Going Public Lawyer

]]>
IHUB Pushes Back to COR Clearing Subpoena in Calissio Case https://www.securitieslawyer101.com/2016/ihub-cor-subpoena-calissio-case/ Fri, 10 Jun 2016 21:56:11 +0000 https://www.securitieslawyer101.com/?p=35393 Going Public Lawyer

We last wrote about the complex litigation involving Calissio Resources Group (CRGP) in February.  It arose out of a controversy surrounding the company’s payment of a special dividend of $0.011 a share in August 2015.  At the time... Read More

Going Public Lawyer

]]>
Operation Bermuda Short In Retrospect https://www.securitieslawyer101.com/2016/bermuda-short-in-retrospect/ Mon, 30 May 2016 13:46:11 +0000 https://www.securitieslawyer101.com/?p=35366 Going Public Lawyer

Many penny stocks have bad histories, or are associated with questionable players.  Only last December, convicted felon Edward Durante was civilly and criminally charged in a securities fraud and manipulation scheme he’d embarked upon immediately after leaving prison... Read More

Going Public Lawyer

]]>
Court Enters Final Judgments in Sky Capital Boiler Room Case https://www.securitieslawyer101.com/2016/court-enters-final-judgments-in-sky-capital-boiler-room-case/ Mon, 02 May 2016 04:00:09 +0000 https://www.securitieslawyer101.com/?p=35357 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) announced that on April 8th the Honorable Paul A. Crotty of the United States District Court for the Southern District of New York entered final judgments on consent against defendants Stephen Shea,... Read More

Going Public Lawyer

]]>
Court Sentences Michael Donnelly to 99 Months Imprisonment and $1.99 Million in Restitution https://www.securitieslawyer101.com/2016/court-sentences-michael-donnelly-to-99-months-imprisonment-and-1-99-million-in-restitution/ Sun, 01 May 2016 04:00:09 +0000 https://www.securitieslawyer101.com/?p=35354 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) announced today that, on April 11, 2016, a federal court in Philadelphia, Pennsylvania sentenced Michael Donnelly of Lecanto, Florida, to 99 months imprisonment, to be followed by three years of supervised release,... Read More

Going Public Lawyer

]]>
SEC Charges Former Head of GTM, Khaled Bassily with Fraud https://www.securitieslawyer101.com/2016/sec-charges-former-head-of-gtm-khaled-bassily-with-fraud/ Sat, 30 Apr 2016 04:00:29 +0000 https://www.securitieslawyer101.com/?p=35348 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) filed a civil injunctive action on April 12, 2016, in the United States District Court for the Southern District of New York against Khaled “Kal” Bassily, the former head of ConvergEx Execution... Read More

Going Public Lawyer

]]>
Servergy Inc. and William Mapp Charged for Purporting False Information About Product https://www.securitieslawyer101.com/2016/servergy-inc-and-william-mapp-charged-for-purporting-false-information-about-product/ Fri, 29 Apr 2016 04:00:56 +0000 https://www.securitieslawyer101.com/?p=35340 Going Public Lawyer

On April 11, 2016 the Securities and Exchange Commission (“SEC”) announced fraud charges against a Texas-based technology company and its founder accused of boosting stock sales with false claims about a supposedly revolutionary computer server and big-name customers purportedly... Read More

Going Public Lawyer

]]>
Rosalind Herman Convicted of Defrauding Investors of Over $1.3 Million https://www.securitieslawyer101.com/2016/rosalind-herman-convicted-of-defrauding-investors-of-over-1-3-million/ Wed, 20 Apr 2016 04:00:43 +0000 https://www.securitieslawyer101.com/?p=35337 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that, on April 5, 2016, a federal jury in Massachusetts convicted Rosalind Herman of Woburn, Massachusetts of criminal charges of investment adviser fraud, tax fraud, wire fraud and conspiracy for her... Read More

Going Public Lawyer

]]>
Jonathan Fraiman Sentenced to Six Years’ Imprisonment for Mail Fraud https://www.securitieslawyer101.com/2016/jonathan-fraiman-sentenced-to-six-years-imprisonment-for-mail-fraud/ Tue, 19 Apr 2016 04:00:07 +0000 https://www.securitieslawyer101.com/?p=35330 Going Public Lawyer

On April 7th, 2016, the Securities and Exchange Commission (SEC) announced that on April 4, 2016, California resident Jonathan Fraiman was sentenced to six years in prison, three years of supervised release, and ordered to pay restitution of... Read More

Going Public Lawyer

]]>
David Aubel and Robert Raffa Charged with Stock Manipulation Scheme https://www.securitieslawyer101.com/2016/david-aubel-and-robert-raffa-charged-with-stock-manipulation-scheme/ Mon, 18 Apr 2016 04:00:26 +0000 https://www.securitieslawyer101.com/?p=35326 Going Public Lawyer

On April 7th, 2016, the Securities and Exchange Commission (SEC) announced fraud charges against two men behind a scheme to manipulate the stock of Green Energy Renewable Solutions, Inc., a company that purported to be in the business... Read More

Going Public Lawyer

]]>
SEC Charges John Scott Clark with Securities Fraud https://www.securitieslawyer101.com/2016/sec-charges-john-scott-clark-with-securities-fraud/ Sun, 17 Apr 2016 04:00:38 +0000 https://www.securitieslawyer101.com/?p=35318 Going Public Lawyer

On March 31, 2016, the Securities and Exchange Commission (SEC) announced fraud charges against a Cache County, Utah man who solicited investors in a bogus scheme involving investments in “top secret” Iraqi currency and oil contracts. In a... Read More

Going Public Lawyer

]]>
SEC Charges Nathanial Ponn with Defrauding Several Brokerage Firms https://www.securitieslawyer101.com/2016/sec-charges-nathanial-ponn-with-defrauding-several-brokerage-firms/ Sat, 16 Apr 2016 04:00:19 +0000 https://www.securitieslawyer101.com/?p=35310 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced fraud charges against Massachusetts resident Nathanial Ponn for engaging in a scheme to defraud numerous broker-dealers over more than seven years. According to the SEC complaint filed in federal court in Boston, Ponn... Read More

Going Public Lawyer

]]>
Navistar International Reaches Settlement Agreement with SEC https://www.securitieslawyer101.com/2016/navistar-international-reaches-settlement-agreement-with-sec/ Fri, 15 Apr 2016 04:00:43 +0000 https://www.securitieslawyer101.com/?p=35300 Going Public Lawyer

The Securities and Exchange Commission (SEC) charged Navistar International Corp. with misleading investors about its development of an advanced technology truck engine that could be certified to meet U.S. emission standards. Navistar, without admitting or denying the charges,... Read More

Going Public Lawyer

]]>
Daniel and Matthew Rivera Charged for Running a Ponzi Scheme Directed at Seniors https://www.securitieslawyer101.com/2016/daniel-and-matthew-rivera-charged-for-running-a-ponzi-scheme-directed-at-seniors/ Thu, 14 Apr 2016 04:00:00 +0000 https://www.securitieslawyer101.com/?p=35297 Going Public Lawyer

  On March 24, 2016, the Securities and Exchange Commission charged two brothers, and a company that they founded purportedly to develop and sell real estate, with engaging in a $2.7 million Ponzi scheme that targeted approximately 30,... Read More

Going Public Lawyer

]]>
When Short Sellers Hit Cannabis Stocks https://www.securitieslawyer101.com/2016/when-shorts-hit-cannabis-stocks/ Wed, 13 Apr 2016 04:00:34 +0000 https://www.securitieslawyer101.com/?p=35304 Going Public Lawyer

When Shorts Hit Cannabis Stocks When a public stock’s price declines, it has become common practice for penny stock issuers and their disciples to scream foul play, typically claiming on message boards like Investor’s Hub that their company... Read More

Going Public Lawyer

]]>
SEC Charges Andrew Caspersen with Defrauding Two Institutions https://www.securitieslawyer101.com/2016/sec-charges-andrew-caspersen-with-defrauding-two-institutions/ Tue, 12 Apr 2016 14:37:18 +0000 https://www.securitieslawyer101.com/?p=35278 Going Public Lawyer

The Securities and Exchange Commission (SEC) charged a New York-based securities professional with defrauding two institutions he solicited to invest in a shell company he controlled whose name was deceptively similar to that of a legitimate private equity... Read More

Going Public Lawyer

]]>
TV New Commentator Agrees to Settle SEC’s Charges https://www.securitieslawyer101.com/2016/tv-new-commentator-agrees-to-settle-secs-charges/ Tue, 12 Apr 2016 14:06:38 +0000 https://www.securitieslawyer101.com/?p=35274 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that a former market analyst and TV news commentator has agreed to settle charges that he and his company fraudulently promoted a penny stock to investors. The SEC alleges that Tobin Smith and... Read More

Going Public Lawyer

]]>
AVEO Pharmaceuticals Misleads Investors About FDA Approval of New Drug https://www.securitieslawyer101.com/2016/aveo-pharmaceuticals-misleads-investors-about-fda-approval-of-new-drug/ Sat, 09 Apr 2016 04:00:22 +0000 https://www.securitieslawyer101.com/?p=35270 Going Public Lawyer

The Securities and Exchange Commission announced fraud charges against a Massachusetts-based biotech company and three former executives for misleading investors about the company’s efforts to obtain Food and Drug Administration (FDA) approval for its flagship developmental drug to... Read More

Going Public Lawyer

]]>
Stanley Kowalewski Sentenced to 18 Years’ Imprisonment for Wire Fraud and Obstruction of Justice https://www.securitieslawyer101.com/2016/stanley-kowalewski-sentenced-to-18-years-imprisonment-for-wire-fraud/ Fri, 08 Apr 2016 04:00:19 +0000 https://www.securitieslawyer101.com/?p=35265 Going Public Lawyer

On March 25, 2016, the Honorable Richard W. Story of the United States District Court for the Northern District of Georgia sentenced Stanley Kowalewski to 18 years’ imprisonment for defrauding the investors in his hedge funds and obstructing... Read More

Going Public Lawyer

]]>
SEC Charges John Bivona and Saddle River Advisors with Fraud https://www.securitieslawyer101.com/2016/sec-charges-john-bivona-and-saddle-river-advisors-with-fraud/ Thu, 07 Apr 2016 04:00:59 +0000 https://www.securitieslawyer101.com/?p=35261 Going Public Lawyer

On March 25, 2016 the Securities and Exchange Commission (SEC) announced fraud charges and asset freezes obtained in a case filed against a New Jersey-based fund manager and two firms he controls that marketed shares in promising pre-IPO tech... Read More

Going Public Lawyer

]]>
Court Holds James Louks and FiberPop Solutions in Civil Contempt https://www.securitieslawyer101.com/2016/court-holds-james-louks-and-fiberpop-solutions-in-civil-contempt/ Wed, 06 Apr 2016 04:00:14 +0000 https://www.securitieslawyer101.com/?p=35254 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that the Honorable Patrick J. Schiltz of the United States District Court for the District of Minnesota has entered an order holding defendants James Louks and FiberPoP Solutions, Inc. in civil... Read More

Going Public Lawyer

]]>
CEO of TierOne Bank Sentenced to 11 Years in Prison https://www.securitieslawyer101.com/2016/ceo-of-tierone-bank-sentenced-to-11-years-in-prison/ Tue, 05 Apr 2016 04:00:26 +0000 https://www.securitieslawyer101.com/?p=35248 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that on March 23, 2016, Gilbert Lundstrom, the former chairman of the board and CEO of TierOne Bank, based in Nebraska, was sentenced to 11 years in federal prison and ordered... Read More

Going Public Lawyer

]]>
SEC Enters Settlement with Perpetrators of an Alleged Hacked News Release Scheme https://www.securitieslawyer101.com/2016/sec-enters-settlement-with-perpetrators-of-an-alleged-hacked-news-release-scheme/ Mon, 04 Apr 2016 04:00:54 +0000 https://www.securitieslawyer101.com/?p=35243 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced on March 24, 2016 that it had entered into settlement agreements, subject to court approval, with defendants David Amaryan, Copperstone Alpha Fund, Copperstone Capital, Intertrade Pacific SA, Ocean Prime Inc., Guibor... Read More

Going Public Lawyer

]]>
Court Finds Leon Parvizian and His Two Companies Liable on All Counts for Oil and Gas Fraud https://www.securitieslawyer101.com/2016/court-finds-leon-parvizian-and-his-two-companies-liable-on-all-counts-for-oil-and-gas-fraud/ Sun, 03 Apr 2016 20:17:25 +0000 https://www.securitieslawyer101.com/?p=35238 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced on March 24, 2016 that a federal court in Texas found promoters of fraudulent oil and gas investments liable all counts. The Honorable Ed Kinkeade of the United States District Judge for... Read More

Going Public Lawyer

]]>
Guy Gentile Charged with Operating a Penny Stock Manipulation Scheme https://www.securitieslawyer101.com/2016/guy-gentile-charged-with-operating-a-penny-stock-manipulation-scheme/ Sat, 02 Apr 2016 04:00:15 +0000 https://www.securitieslawyer101.com/?p=35215 Going Public Lawyer

On March 23, 2016, the Securities and Exchange Commission (SEC) charged Guy Gentile, a resident of Putnam Valley, New York, with perpetrating penny stock manipulation schemes. The SEC alleges that Gentile, who at the time operated as a... Read More

Going Public Lawyer

]]>
Court Enters Judgments Custodianship Shell Amogear Stock Scheme https://www.securitieslawyer101.com/2016/court-enters-judgments-against-five-fraudsters-in-amogear-stock-scheme/ Fri, 01 Apr 2016 04:00:19 +0000 https://www.securitieslawyer101.com/?p=35210 Going Public Lawyer

On March 23, 2016, the Securities and Exchange Commission (SEC) announced that the federal court in Boston, Massachusetts entered judgments by consent against Andrew Affa, Michael Affa, Mitchell Brown, Christopher Putnam, and Christopher Nix in a fraud action... Read More

Going Public Lawyer

]]>
Court Enters Nearly $2 Million Judgment Against Gregory Jones for Defrauding Investors https://www.securitieslawyer101.com/2016/court-enters-nearly-2-million-judgment-from-gregory-jones-for-defrauding-investors/ Thu, 31 Mar 2016 04:00:32 +0000 https://www.securitieslawyer101.com/?p=35205 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced on March 23, 2016 that a federal court has ordered a nearly $2 million judgment from an attorney who admitted to defrauding investors in two fraudulent schemes. The Honorable John McBryde,... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Fraudster Bruce Strebinger https://www.securitieslawyer101.com/2016/court-enters-final-judgment-against-fraudster-bruce-strebinger/ Wed, 30 Mar 2016 04:00:54 +0000 https://www.securitieslawyer101.com/?p=35193 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced on March 21, 2016 that on March 15, 2016, the Honorable Leigh Martin May of the United States District Court for the Northern District of Georgia entered a final judgment against defendant Bruce... Read More

Going Public Lawyer

]]>
Former Microsoft Manager Charged with Insider Trading Ahead of Acquisition of Nokia https://www.securitieslawyer101.com/2016/former-microsoft-manager-charged-with-insider-trading-ahead-of-acquisition-of-nokia/ Tue, 29 Mar 2016 04:00:00 +0000 https://www.securitieslawyer101.com/?p=35190 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced on March 18, 2016 that former Microsoft Corporation senior manager, John Hardy III has agreed to pay nearly $380,000 to settle charges that he traded on material nonpublic information about Microsoft’s... Read More

Going Public Lawyer

]]>
The Bad Actor Rule of Rule 506(d) https://www.securitieslawyer101.com/2016/the-bad-actor-rule-of-rule-506d/ Mon, 28 Mar 2016 19:08:06 +0000 https://www.securitieslawyer101.com/?p=35231 Going Public Lawyer

According to a recent Securities & Exchange Commission (“SEC”) report, thousands of businesses raise billions of dollars in capital through offerings exempt from registration under Regulation D of the Securities Act of 1933, as amended. Rule 506 is... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Insider Trading Defendant Yue Han https://www.securitieslawyer101.com/2016/court-enters-final-judgment-against-insider-trading-defendant-yue-han/ Mon, 28 Mar 2016 04:00:37 +0000 https://www.securitieslawyer101.com/?p=35181 Going Public Lawyer

  On March 16, 2016, the Court for the Southern District of New York entered a final judgment against defendant Yue Han, based on insider trading charges filed by the Securities and Exchange Commission (SEC) against Han on November... Read More

Going Public Lawyer

]]>
SEC Charges Mark Jones for a Ponzi Scheme Purporting to Offer “Bridge Loans” to Jamaican Businesses https://www.securitieslawyer101.com/2016/sec-charges-mark-jones-for-a-ponzi-scheme-purporting-to-offer-bridge-loans-to-jamaican-businesses/ Mon, 28 Mar 2016 04:00:31 +0000 https://www.securitieslawyer101.com/?p=35178 Going Public Lawyer

  On March 15, 2016, the Securities and Exchange Commission (SEC) charged former Boston resident Mark Jones with operating a $10 million Ponzi scheme that claimed to generate profits from “bridge loans” to businesses in Jamaica. The SEC... Read More

Going Public Lawyer

]]>
CEO of RVPlus Charged with Soliciting Fake Contracts with Foreign Governments https://www.securitieslawyer101.com/2016/ceo-of-rvplus-charged-with-soliciting-fake-contracts-with-foreign-governments/ Sun, 27 Mar 2016 04:00:08 +0000 https://www.securitieslawyer101.com/?p=35175 Going Public Lawyer

The Securities and Exchange Commission (SEC) charged a microcap company CEO for falsely claiming to have a lucrative relationship with the United Nations and billions of dollars in clean energy contracts with foreign governments. The SEC alleges that... Read More

Going Public Lawyer

]]>
SEC Charges Daniel Thibeault with Misappropriating Millions in Investor Funds https://www.securitieslawyer101.com/2016/sec-charges-daniel-thibeault-with-misappropriating-millions-in-investor-funds/ Sat, 26 Mar 2016 04:00:09 +0000 https://www.securitieslawyer101.com/?p=35173 Going Public Lawyer

On March 14, 2016 the Securities and Exchange Commission (SEC) announced that on March 3, 2016, Daniel Thibeault, the President/CEO of a group of Massachusetts-based investment advisory companies, pled guilty to criminal charges in connection with the misappropriation... Read More

Going Public Lawyer

]]>
California Businessman Daniel Nase Stole Investor Funds and Tried to Conceal It https://www.securitieslawyer101.com/2016/california-businessman-daniel-nase-stole-investor-funds-and-tried-to-conceal-it/ Fri, 25 Mar 2016 04:00:42 +0000 https://www.securitieslawyer101.com/?p=35170 Going Public Lawyer

  On March 11, 2016 the Securities and Exchange Commission (SEC) announced fraud charges against California businessman Daniel Nase, accusing him of stealing investor assets and then trying to cover it up once the SEC caught onto his... Read More

Going Public Lawyer

]]>
Nedko Nedev Charged for Fraudulent Scheme Related to the Stock of Avon Products https://www.securitieslawyer101.com/2016/nedko-nedev-charged-for-fraudulent-scheme-and-arrested/ Thu, 24 Mar 2016 04:00:48 +0000 https://www.securitieslawyer101.com/?p=35164 Going Public Lawyer

  The U.S. Securities and Exchange Commission (SEC) announced on March 11, 2016 that a federal grand jury in Manhattan has indicted Bulgarian resident Nedko Nedev for fraud relating to the stocks of Avon Products, Inc., Tower Group... Read More

Going Public Lawyer

]]>
3 Executives of Aequitas Management LLC Charged with Fraud https://www.securitieslawyer101.com/2016/3-executives-of-aequitas-management-llc-charged-with-fraud/ Wed, 23 Mar 2016 04:00:58 +0000 https://www.securitieslawyer101.com/?p=35159 Going Public Lawyer

On March 11, 2016 the Securities and Exchange Commission (SEC) charged an Oregon-based investment group and three top executives with hiding the rapidly deteriorating financial condition of its enterprise while raising more than $350 million from investors. Aequitas... Read More

Going Public Lawyer

]]>
Do State Blue Sky Laws Apply To Regulation D Offerings? https://www.securitieslawyer101.com/2016/do-state-blue-sky-laws-apply-to-regulation-d-offerings/ Wed, 23 Mar 2016 04:00:53 +0000 https://www.securitieslawyer101.com/?p=35197 Going Public Lawyer

    Issuers are sometimes unaware of the state laws that apply to offerings that are exempt under the federal securities laws. The purchase or sale of a security be subject to a registration statement under the Securities... Read More

Going Public Lawyer

]]>
Uni-Pixel Inc. Charged with Misleading Investors About New Touchscreen Sensor Product https://www.securitieslawyer101.com/2016/uni-pixel-inc-charged-with-misleading-investors-about-new-touchscreen-sensor-product/ Tue, 22 Mar 2016 04:00:46 +0000 https://www.securitieslawyer101.com/?p=35156 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that Uni-Pixel Inc., developer of technologies for touchscreen devices, has agreed to pay $750,000 to settle charges that it misled investors about the production status and sales agreements for a key product.... Read More

Going Public Lawyer

]]>
SEC Charges Jay Fung with Insider Trading in the Stock of Pharmasset Inc. https://www.securitieslawyer101.com/2016/sec-charges-jay-fung-with-insider-trading-in-the-stock-of-pharmasset-inc/ Tue, 22 Mar 2016 04:00:19 +0000 https://www.securitieslawyer101.com/?p=35152 Going Public Lawyer

On March 9, 2016 the Securities and Exchange Commission (SEC) announced that a Florida man trading on inside information ahead of a pharmaceutical company merger and a friend who tipped him have agreed to settle enforcement actions against... Read More

Going Public Lawyer

]]>
Court Denies Motion to Reconsider Summary Judgment Against June Fujinaga https://www.securitieslawyer101.com/2016/court-denies-motion-to-reconsider-summary-judgment-against-june-fujinaga/ Mon, 21 Mar 2016 04:00:02 +0000 https://www.securitieslawyer101.com/?p=35148 Going Public Lawyer

On March 4, 2016, the Honorable James C. Mahan, United States District Judge for the District of Nevada, entered an order denying a motion for reconsideration of the final judgment filed by relief defendants June Fujinaga and her... Read More

Going Public Lawyer

]]>
SEC Charges Banc de Binary with Acting as an Unregistered Broker-Dealer https://www.securitieslawyer101.com/2016/sec-charges-banc-de-binary-with-acting-as-an-unregistered-broker-dealer/ Sun, 20 Mar 2016 04:00:23 +0000 https://www.securitieslawyer101.com/?p=35140 Going Public Lawyer

The SEC filed a complaint in 2013 against Banc de Binary Ltd, its founder Oren Shabat Laurent, and three affiliates that operate an Internet-based based trading platform for “binary options.” One of these websites is www.bbinary.com. The SEC’s... Read More

Going Public Lawyer

]]>
Wells Fargo and Rhode Island Agency Charged with Fraud https://www.securitieslawyer101.com/2016/wells-fargo-and-rhode-island-agency-charged-with-fraud/ Sat, 19 Mar 2016 04:00:07 +0000 https://www.securitieslawyer101.com/?p=35133 Going Public Lawyer

On March 7, 2016 the Securities and Exchange Commission (SEC) charged a Rhode Island agency and its bond underwriter Wells Fargo Securities with defrauding investors in a municipal bond offering to finance startup video game company 38 Studios.... Read More

Going Public Lawyer

]]>
Court Reaches Verdict Against Daryl Payton and Benjamin Durant for Insider Trading https://www.securitieslawyer101.com/2016/court-reaches-verdict-against-daryl-payton-and-benjamin-durant-for-insider-trading/ Fri, 18 Mar 2016 04:00:59 +0000 https://www.securitieslawyer101.com/?p=35120 Going Public Lawyer

The Securities and Exchange Commission (SEC) has obtained a jury verdict in its favor in a federal district court trial in Manhattan against Daryl Payton and Benjamin Durant, III, who the agency charged with trading on inside information... Read More

Going Public Lawyer

]]>
Court Enters Final Judgments Against Zachary Zwerko and David Post https://www.securitieslawyer101.com/2016/court-enters-final-judgments-against-zachary-zwerko-and-david-post/ Thu, 17 Mar 2016 04:00:36 +0000 https://www.securitieslawyer101.com/?p=35116 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that on March 1, 2016, the Honorable Richard J. Sullivan of the United States District Court for the Southern District of New York entered final judgments on consent against defendants Zachary... Read More

Going Public Lawyer

]]>
Final Judgment Entered Against Nan Huang for Insider Trading https://www.securitieslawyer101.com/2016/final-judgment-entered-against-nan-huang-for-insider-trading/ Wed, 16 Mar 2016 04:00:43 +0000 https://www.securitieslawyer101.com/?p=35110 Going Public Lawyer

On February 26, 2016 the U.S. District Court for the Eastern District of Pennsylvania issued a memorandum opinion and final judgment against Nan Huang, who a jury found liable last month for insider trading on information he improperly... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Francis Canellas https://www.securitieslawyer101.com/2016/court-enters-final-judgment-against-francis-canellas/ Tue, 15 Mar 2016 04:00:24 +0000 https://www.securitieslawyer101.com/?p=35107 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that on February 24, 2016, the Honorable Valerie E. Caproni of the United States District Court for the Southern District of New York entered a judgment against defendant Francis Canellas. The... Read More

Going Public Lawyer

]]>
Court Enters Final Partial Judgment Against Paul Petrello for Insider Trading Scheme https://www.securitieslawyer101.com/2016/court-enters-final-partial-judgment-against-paul-petrello-for-insider-trading-scheme/ Mon, 14 Mar 2016 04:00:44 +0000 https://www.securitieslawyer101.com/?p=35101 Going Public Lawyer

The Honorable Michael A. Shipp, United States District Judge for the District of New Jersey, has entered a partial final consent judgment against defendant Paul Petrello, one of four individuals charged with engaging in an elaborate insider trading... Read More

Going Public Lawyer

]]>
SEC Charges TexStar Oil and Nathan Halsey with Fraud https://www.securitieslawyer101.com/2016/sec-charges-texstar-oil-and-nathan-halsey-with-fraud/ Sun, 13 Mar 2016 05:04:57 +0000 https://www.securitieslawyer101.com/?p=35099 Going Public Lawyer

The Securities and Exchange Commission (SEC) charged Nathan Halsey and TexStar Oil, Ltd. in the United States District Court for the Northern District of Texas, with fraudulently offering securities through misleading investment materials and keeping funds from investors... Read More

Going Public Lawyer

]]>
Court Issues Final Judgments Against Scott Valente and the ELIV Group https://www.securitieslawyer101.com/2016/court-issues-final-judgments-against-scott-valente-and-the-eliv-group/ Sat, 12 Mar 2016 05:00:21 +0000 https://www.securitieslawyer101.com/?p=35096 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that on February 17, 2016, Judge Vincent L. Briccetti of the United States District Court for the Southern District of New York entered final judgments against Defendants Scott Valente and his... Read More

Going Public Lawyer

]]>
SEC Charges 9 More Defendants in Hacked News Release Scheme with Fraud https://www.securitieslawyer101.com/2016/sec-charges-9-more-defendants-in-hacked-news-release-scheme-with-fraud/ Fri, 11 Mar 2016 05:00:42 +0000 https://www.securitieslawyer101.com/?p=35093 Going Public Lawyer

On February 18, 2016 the Securities and Exchange Commission (SEC) filed fraud charges against nine defendants for taking part in an international scheme to execute profitable securities trades based on nonpublic information that computer hackers stole from at least two... Read More

Going Public Lawyer

]]>
Randy Hamdan Consents to Settling Market Manipulation Case https://www.securitieslawyer101.com/2016/randy-hamdan-consents-to-settling-market-manipulation-case/ Thu, 10 Mar 2016 05:00:45 +0000 https://www.securitieslawyer101.com/?p=35090 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that, on February 17, 2016, Judge Nancy Edmunds of the U.S. District Court for the Eastern District of Michigan entered final judgments, on the consents of defendants Randy Hamdan and Oracle Consultants,... Read More

Going Public Lawyer

]]>
6 Charged for Violating Antifraud Provisions of the Federal Securities Laws https://www.securitieslawyer101.com/2016/6-charged-for-violating-antifraud-provisions-of-the-federal-securities-laws/ Wed, 09 Mar 2016 05:00:19 +0000 https://www.securitieslawyer101.com/?p=35082 Going Public Lawyer

On February 16, 2016, the Securities and Exchange Commission (SEC) charged PV Enterprises, Inc. (“PVEC”) and Panagiotis Villiotis (“Villiotis”) with violations of the registration and antifraud provisions of the federal securities laws. The SEC also charged Virtual Sourcing, Inc.... Read More

Going Public Lawyer

]]>
Michael Affa Sentenced in Microcap Case https://www.securitieslawyer101.com/2016/michael-affa-sentenced-in-microcap-case/ Wed, 09 Mar 2016 05:00:08 +0000 https://www.securitieslawyer101.com/?p=35086 Going Public Lawyer

On February 12, 2016, a federal court in Boston, Massachusetts sentenced Michael Affa, of Toms Rivers, New Jersey, to 33 months in prison and ordered him to pay a fine of $1 million in a criminal case prosecuted by... Read More

Going Public Lawyer

]]>
Attorney Adam Tracy & the Nefarious World of Custodianship Shells https://www.securitieslawyer101.com/2016/adam-tracy-attorney-custodianship-shell-companies/ Tue, 08 Mar 2016 20:57:43 +0000 https://www.securitieslawyer101.com/?p=36077 Going Public Lawyer

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 marketplace.  To that end, its Enforcement Division cooked up an initiative it called  “Operation Shell-Expel”.  It... Read More

Going Public Lawyer

]]>
Wade James Lawrence Charged with Securities Fraud and Unauthorized Trading https://www.securitieslawyer101.com/2016/wade-james-lawrence-charged-with-securities-fraud-and-unauthorized-trading/ Tue, 08 Mar 2016 05:00:07 +0000 https://www.securitieslawyer101.com/?p=35078 Going Public Lawyer

On February 16, 2016 the Securities and Exchange Commission (SEC) charged Wade James Lawrence, a former investment adviser with two dually-registered securities firms, with executing unauthorized trades in his clients’ investment accounts and defrauding other individuals who tried to invest... Read More

Going Public Lawyer

]]>
Gregory Ruehle Charged with Defrauding Investors and Acting as an Unregistered Broker-Dealer https://www.securitieslawyer101.com/2016/gregory-ruehle-charged-with-defrauding-investors-and-acting-as-an-unregistered-broker-dealer/ Mon, 07 Mar 2016 05:00:46 +0000 https://www.securitieslawyer101.com/?p=35065 Going Public Lawyer

The Securities and Exchange Commission (SEC) charged an unregistered broker in Oceanside, California with fraudulently selling purported stock in a medical device company and pocketing investors’ money. On February 10, 2016 the SEC filed fraud charges alleging that... Read More

Going Public Lawyer

]]>
Attorney Jilbert Tahmazian Charged with Fraud in a Prime Bank Scheme https://www.securitieslawyer101.com/2016/attorney-jilbert-tahmazian-charged-with-fraud-in-a-prime-bank-scheme/ Sun, 06 Mar 2016 05:00:51 +0000 https://www.securitieslawyer101.com/?p=35062 Going Public Lawyer

On February 11, 2016 the Securities and Exchange Commission (SEC) charged Jilbert Tahmazian, a lawyer licensed in the state of California, with fraud for engaging in a prime bank scheme. Prime bank schemes involve the offer and sale of fictitious... Read More

Going Public Lawyer

]]>
Frank Lleras Charged with Conducting a Fraudulent Investment Scheme https://www.securitieslawyer101.com/2016/frank-lleras-charged-with-conducting-a-fraudulent-investment-scheme/ Sat, 05 Mar 2016 05:00:33 +0000 https://www.securitieslawyer101.com/?p=35058 Going Public Lawyer

On February 10, 2016, the Securities and Exchange Commission (SEC) charged Frank Lleras and two Charlotte, North Carolina-based companies that he controls, Optimum Income Property, LLC and Optimum Property Investments, LLC, with conducting an offering fraud lasting more... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Moazzam “Mark” Malik and Wolf Hedge LLC https://www.securitieslawyer101.com/2016/court-enters-final-judgment-against-moazzam-mark-malik-and-wolf-hedge-llc/ Fri, 04 Mar 2016 05:00:16 +0000 https://www.securitieslawyer101.com/?p=35049 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that on February 9, 2016, the Court for the Southern District of New York entered a final judgment against Defendants Moazzam “Mark” Malik, a Pakistani citizen and New York City resident,... Read More

Going Public Lawyer

]]>
Penny Stock Issuers and Their Principals Charged with Fraud https://www.securitieslawyer101.com/2016/penny-stock-issuers-and-their-principals-charged-with-fraud/ Thu, 03 Mar 2016 22:07:27 +0000 https://www.securitieslawyer101.com/?p=35112 Going Public Lawyer

The Securities and Exchange Commission (SEC) charged two penny stock issuers and their principals with fraud for disseminating false and misleading press releases and other related documents about purported involvement in the marijuana industry. The SEC’s complaint against... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Martin Weisberg https://www.securitieslawyer101.com/2016/court-enters-final-judgment-against-martin-weisberg/ Thu, 03 Mar 2016 05:00:02 +0000 https://www.securitieslawyer101.com/?p=35046 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that on January 20, 2016, the Court for the Eastern District of New York entered a final judgment against defendant Martin Weisberg. The final judgment imposes on Weisberg a permanent injunction... Read More

Going Public Lawyer

]]>
Insider Trading Defendant Herbert Sudfeld Found Guilty in a Related Case https://www.securitieslawyer101.com/2016/insider-trading-defendant-herbert-sudfeld-found-guilty-in-a-related-case/ Wed, 02 Mar 2016 05:00:14 +0000 https://www.securitieslawyer101.com/?p=35043 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that on February 5, 2016, a jury in federal court in Philadelphia returned a guilty verdict against Pennsylvania attorney Herbert Sudfeld (“Sudfeld”) in a criminal trial prosecuted by the U.S. Attorney... Read More

Going Public Lawyer

]]>
Three Men Charged with Insider Trading of GSI Commerce https://www.securitieslawyer101.com/2016/three-men-charged-with-insider-trading-of-gsi-commerce/ Tue, 01 Mar 2016 05:00:45 +0000 https://www.securitieslawyer101.com/?p=35041 Going Public Lawyer

On February 5, 2016, the Securities and Exchange Commission (SEC) charged a business owner, one of his employees and his registered representative with insider trading in advance of GSI Commerce Inc.’s acquisition by eBay, Inc. The SEC’s complaint... Read More

Going Public Lawyer

]]>
SEC Charges American Growth Funding II with Fraud https://www.securitieslawyer101.com/2016/american-growth-funding-ii/ Mon, 29 Feb 2016 05:00:43 +0000 https://www.securitieslawyer101.com/?p=34960 Going Public Lawyer

  On February 3, 2016, the Securities and Exchange Commission (SEC) charged a lending company in Manhattan, American Growth Funding II LLC and its owner, Ralph Johnson, with repeatedly lying to investors who purchased high-yield securities. The SEC... Read More

Going Public Lawyer

]]>
SEC Enters Settlement Agreement with Concorde Bermuda Ltd. https://www.securitieslawyer101.com/2016/sec-enters-settlement-agreement-with-concorde-bermuda-ltd/ Sun, 28 Feb 2016 05:00:14 +0000 https://www.securitieslawyer101.com/?p=34916 Going Public Lawyer

  The Securities and Exchange Commission (SEC) announced that it entered into a settlement agreement, subject to court approval, with Ukrainian-based Concorde Bermuda Ltd. (Concorde) in a case alleging a scheme to trade on hacked news releases. On August 10,... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Shirmila Doddi For Insider Trading https://www.securitieslawyer101.com/2016/court-enters-final-judgment-in-insider-trading-action/ Fri, 26 Feb 2016 05:00:06 +0000 https://www.securitieslawyer101.com/?p=34887 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that on January 20, 2016, the Court for the District of Massachusetts entered a final judgment against defendant Shirmila Doddi, permanently enjoining her from future violations of Section 10(b) and Rule 10b-5.... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against CEO of Polycom https://www.securitieslawyer101.com/2016/court-enters-final-judgment-against-ceo-of-polycom/ Thu, 25 Feb 2016 05:00:05 +0000 https://www.securitieslawyer101.com/?p=34883 Going Public Lawyer

The Securities and Exchange Commission announced that on January 26, 2016, the Honorable Yvonne Gonzalez Rogers of the United States District Court for the Northern District of California entered a final judgment against Andrew Miller, the former CEO... Read More

Going Public Lawyer

]]>
Court Issues Asset Freeze Over Sedona Oil and Its President https://www.securitieslawyer101.com/2016/court-issues-asset-freeze-over-sedona-oil-and-its-president/ Wed, 24 Feb 2016 05:00:07 +0000 https://www.securitieslawyer101.com/?p=34881 Going Public Lawyer

On January 21, 2016, the Securities and Exchange Commission (SEC) filed an emergency civil action against a Dallas company, Sedona Oil and Gas Corporation and its president, Kenneth “Kenny” Crumbley, Jr., to stop their allegedly fraudulent offer and... Read More

Going Public Lawyer

]]>
SEC Charges Marquis Properties and Its Principals With Operating a Ponzi Scheme https://www.securitieslawyer101.com/2016/sec-charges-marquis-properties-and-its-principals-with-operating-a-ponzi-scheme/ Tue, 23 Feb 2016 05:00:53 +0000 https://www.securitieslawyer101.com/?p=34756 Going Public Lawyer

  The Securities and Exchange Commission (SEC) obtained an asset freeze and other ancillary relief against Marquis Properties, LLC, and its CEO/President Chad Deucher for orchestrating a $28 million Ponzi scheme that defrauded more than 250 investors throughout... Read More

Going Public Lawyer

]]>
SEC Charges StratoComm Coporation with Illicit Sale of Securities https://www.securitieslawyer101.com/2016/sec-charges-stratocomm-corporation-with-illicit-sale-of-securities/ Mon, 22 Feb 2016 05:00:14 +0000 https://www.securitieslawyer101.com/?p=34737 Going Public Lawyer

On October 4, 2011, the Securities and Exchange Commission (SEC) filed a complaint in United States District Court for the Northern District of New York charging StratoComm Corporation, its CEO Roger Shearer, and its former Director of Investor... Read More

Going Public Lawyer

]]>
COR Clearing Subpoenas Retail Shareholder Trade Information https://www.securitieslawyer101.com/2016/cor-clearing-subpoenas-retail-shareholder-trade-information/ Sun, 21 Feb 2016 05:00:08 +0000 https://www.securitieslawyer101.com/?p=34854 Going Public Lawyer

  Last fall, we wrote about a highly unusual cash dividend paid by penny stock Calissio Resources Group, Inc. (CRGP).  The payment process was so badly botched it resulted in a Financial Industry Regulatory Authority (FINRA) U3 trading... Read More

Going Public Lawyer

]]>
Court Approves Summary Judgment Against Stewart Merkin https://www.securitieslawyer101.com/2016/court-approves-summary-judgment-against-florida-attorney/ Sat, 20 Feb 2016 05:00:40 +0000 https://www.securitieslawyer101.com/?p=34734 Going Public Lawyer

On January 13, 2016, the United States Court of Appeals for the Eleventh Circuit affirmed entry of summary judgment in favor of the Securities and Exchange Commission (SEC) on its claims of securities fraud against defendant Stewart Merkin... Read More

Going Public Lawyer

]]>
Pyramid Schemer Sanderly Rodrigues Incarcerated for Violation of Court Order https://www.securitieslawyer101.com/2016/pyramid-schemer-sanderly-rodrigues-incarcerated-for-violation-of-court-order/ Fri, 19 Feb 2016 05:00:06 +0000 https://www.securitieslawyer101.com/?p=34725 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that Sanderley Rodrigues de Vasconcelos (“Rodrigues”) of Davenport, Florida, who is charged with promoting a pyramid scheme, was ordered to jail for civil contempt arising from his repeated violations of Court... Read More

Going Public Lawyer

]]>
SEC Seeks Enforcement Against CEO of DecisionPoint https://www.securitieslawyer101.com/2016/sec-seeks-enforcement-against-ceo-of-decisionpoint/ Thu, 18 Feb 2016 05:00:11 +0000 https://www.securitieslawyer101.com/?p=34690 Going Public Lawyer

The Securities and Exchange Commission (SEC) filed a complaint in the United States District Court for the Southern District of Florida against Nicholas Toms seeking enforcement of the SEC Order requiring him to pay disgorgement of $85,918, representing profits... Read More

Going Public Lawyer

]]>
Court Denies Defendants’ Motion to Dismiss SEC Insider Trading Enforcement https://www.securitieslawyer101.com/2016/court-denies-defendants-motion-to-dismiss-sec-insider-trading-enforcement/ Wed, 17 Feb 2016 05:00:15 +0000 https://www.securitieslawyer101.com/?p=34618 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that the U.S. District Court for the District of Rhode Island denied defendants Anthony Andrade’s and Kenneth Rampino’s motion to dismiss an SEC insider trading action. The SEC’s complaint, filed June... Read More

Going Public Lawyer

]]>
SEC Charges Robert Crowe for Joining a Pay-to-Play Scheme https://www.securitieslawyer101.com/2016/sec-charges-robert-crowe-for-joining-in-pay-to-play-scheme/ Tue, 16 Feb 2016 05:00:48 +0000 https://www.securitieslawyer101.com/?p=34432 Going Public Lawyer

The Securities and Exchange Commission (SEC) filed a complaint against Robert Crowe, a law firm partner who worked as a fundraiser and lobbyist for State Street Bank and Trust Company. The complaint alleges that Crowe participated in a... Read More

Going Public Lawyer

]]>
SEC Wins Insider Trading Case Against Capital One Employee https://www.securitieslawyer101.com/2016/sec-wins-insider-trading-case-against-capital-one-employee/ Mon, 15 Feb 2016 05:00:00 +0000 https://www.securitieslawyer101.com/?p=34430 Going Public Lawyer

The Securities and Exchange Commission (SEC) obtained a jury verdict in its favor in a federal district court trial in Philadelphia against Nan Huang, who the agency charged with insider trading on information he illegally obtained from his... Read More

Going Public Lawyer

]]>
SEC Obtains Judgment Against Steven Davis https://www.securitieslawyer101.com/2016/sec-steven-davis/ Sun, 14 Feb 2016 05:00:55 +0000 https://www.securitieslawyer101.com/?p=34376 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that on January 8, 2016, the United States District Court for the Southern District of New York entered a judgment against defendant Steven Davis. The judgment resolves all issues of liability... Read More

Going Public Lawyer

]]>
DTC Imposes Corporate Action DTC Eligibility Fee https://www.securitieslawyer101.com/2016/dtc-corporate-action-dtc-eligibility/ Sat, 13 Feb 2016 05:00:01 +0000 https://www.securitieslawyer101.com/?p=34402 Going Public Lawyer

On December 30, 2015, the Securities and Exchange Commission (“SEC”) published a notice that it was soliciting comments for a proposed rule change submitted by The Depository Trust Company (“DTC”) filed a pursuant to section 19(b)(3)(A) of the... Read More

Going Public Lawyer

]]>
Jury Finds Jonathan Fraiman and Edward Laborio Guilty https://www.securitieslawyer101.com/2016/jonathan-fraiman-edward-laborio-guilty/ Fri, 12 Feb 2016 05:00:09 +0000 https://www.securitieslawyer101.com/?p=34245 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that on December 14, 2015, a jury in the federal court in Boston, Massachusetts, returned a guilty verdict against former Massachusetts resident Jonathan Fraiman in a criminal trial prosecuted by the... Read More

Going Public Lawyer

]]>
Martin Shkreli Charged with Securities Fraud https://www.securitieslawyer101.com/2016/martin-shkreli-securities-fraud/ Thu, 11 Feb 2016 05:00:44 +0000 https://www.securitieslawyer101.com/?p=34263 Going Public Lawyer

On December 17, 2015, the Securities and Exchange Commission (SEC) charged Martin Shkreli, former CEO of pharmaceutical company Retrophin, with committing fraud during a 5-year period when he also was working as a hedge fund manager. He is... Read More

Going Public Lawyer

]]>
SEC Obtains Asset Freeze of Oxford City Football Club https://www.securitieslawyer101.com/2016/sec-oxford-city-football-club/ Wed, 10 Feb 2016 05:00:32 +0000 https://www.securitieslawyer101.com/?p=34195 Going Public Lawyer

  On December 10, 2015, the Securities and Exchange Commission (SEC) filed a complaint that charged Oxford City Football Club, Inc. and its CEO, Thomas Anthony Guerriero, with securities fraud and other violations of the federal securities laws. The... Read More

Going Public Lawyer

]]>
Court Issues Final Judgment Against Auditor Timothy Quintanilla https://www.securitieslawyer101.com/2016/sec-auditor-timothy-quintanilla/ Tue, 09 Feb 2016 05:00:04 +0000 https://www.securitieslawyer101.com/?p=34251 Going Public Lawyer

The United States Securities and Exchange Commission (SEC) announced that, on December 4, 2015, the Court for the Southern District of New York issued a final judgment, on consent of defendant Timothy Quintanilla, which permanently enjoined him from violating... Read More

Going Public Lawyer

]]>
SEC Charges Vinh Le and His Company with Fraud https://www.securitieslawyer101.com/2016/sec-charges-vinh-le-fraud/ Mon, 08 Feb 2016 05:00:41 +0000 https://www.securitieslawyer101.com/?p=34254 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that on December 15, 2015, it filed charges against Vu Le a/k/a Vinh Le and his company, TeamVinh.com LLC (“TeamVinh”), in connection with their fraudulent raising of more than $3 million from... Read More

Going Public Lawyer

]]>
Form F-1 and Foreign Private Issuer Disclosures https://www.securitieslawyer101.com/2016/foreign-issuer-going-public/ Sun, 07 Feb 2016 05:00:35 +0000 https://www.securitieslawyer101.com/?p=32473 Going Public Lawyer

A foreign private issuer going public can register an offering of securities under the Securities Act of 1933 (Securities Act) or may register a class of equity securities under the Securities Exchange Act of 1934 (Exchange Act), or... Read More

Going Public Lawyer

]]>
SEC Charges Edward Durante with Securities Fraud https://www.securitieslawyer101.com/2016/sec-charges-edward-durante-with-securities-fraud/ Sat, 06 Feb 2016 05:00:07 +0000 https://www.securitieslawyer101.com/?p=34284 Going Public Lawyer

  The Securities and Exchange Commission (SEC) charged Edward Durante, a recidivist securities law violator with operating a multi-year offering fraud that targeted investors in New England, Ohio and California. The SEC’s complaint alleges that between 2012 and 2014,... Read More

Going Public Lawyer

]]>
Information About Foreign Issuers and Foreign Companies https://www.securitieslawyer101.com/2016/information-about-foreign-issuers-and-foreign-companies/ Fri, 05 Feb 2016 05:00:35 +0000 https://www.securitieslawyer101.com/?p=32263 Going Public Lawyer

The U.S. capital markets have long been a desired goal for foreign companies that are interested in raising funds or establishing a trading market for their securities. Two of the most important laws applicable to companies seeking to... Read More

Going Public Lawyer

]]>
FAST Reduces Form S-1 Rules & Creates Resale Exemption https://www.securitieslawyer101.com/2016/fast-form-s-1-lawyer/ Thu, 04 Feb 2016 05:00:26 +0000 https://www.securitieslawyer101.com/?p=34190 Going Public Lawyer

Last month, the Fixing America’s Surface Transportation Act, or FAST Act became law. The FAST Act is primarily a transportation bill but there are changes to the federal securities laws which should assist in the capital raising process... Read More

Going Public Lawyer

]]>
How Do I Register A Direct Public Offering? https://www.securitieslawyer101.com/2016/direct-public-offering-registration/ Wed, 03 Feb 2016 05:00:43 +0000 http://www.securitieslawyer101.com/?p=389 Going Public Lawyer

Securities Lawyer 101 Blog Private companies seeking to go public often use a direct public offering (“Direct Public Offering”).  Unlike an Initial Public Offering (“IPO”), a Direct Public Offering allows an issuer to sell its shares directly to investors without... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against eAdGear and Its Operators https://www.securitieslawyer101.com/2016/court-enters-final-judgment-against-eadgear-and-its-operators/ Wed, 03 Feb 2016 05:00:27 +0000 https://www.securitieslawyer101.com/?p=34910 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that on February 1, 2016, the Honorable Richard Seeborg of the United States District Court for the Northern District of California entered final judgments against defendants eAdGear Holdings Limited, eAdGear, Inc.,... Read More

Going Public Lawyer

]]>
What is Form 10 Information? Going Public Attorneys https://www.securitieslawyer101.com/2016/form-10-registration-statement-attorney/ Tue, 02 Feb 2016 16:00:19 +0000 http://www.securitieslawyer101.com/?p=8632 Going Public Lawyer

Securities Lawyer 101 Blog Form 10 is a Registration Statement used to register a class of securities pursuant to Section 12(g) of the Securities Exchange Act of 1934 (“Exchange Act”).  This blog post addresses common questions we receive... Read More

Going Public Lawyer

]]>
Robert Bray Found Guilty of Insider Trading https://www.securitieslawyer101.com/2016/robert-bray-found-guilty-of-insider-trading/ Tue, 02 Feb 2016 05:00:24 +0000 https://www.securitieslawyer101.com/?p=34903 Going Public Lawyer

  The Securities and Exchange Commission (SEC) announced that on January 28, 2016, a jury in the federal court in Boston Massachusetts, returned a guilty verdict against Watertown real-estate developer Robert Bray in a criminal trial prosecuted by... Read More

Going Public Lawyer

]]>
SEC Seeks Enforcement Action After Reverse Merger https://www.securitieslawyer101.com/2015/enforcement-action-reverse-mergers/ Tue, 29 Dec 2015 16:39:41 +0000 https://www.securitieslawyer101.com/?p=34156 Going Public Lawyer

    The Securities and Exchange Commission (SEC) filed an action to enforce compliance with document and testimony subpoenas served upon Jessica Gilbertson in an SEC investigation for possible violations of the securities laws captioned In the Matter... Read More

Going Public Lawyer

]]>
SEC Charges CAUSwave and Its Principals with Fraud https://www.securitieslawyer101.com/2015/sec-charges-causwave-and-its-principals-with-fraud/ Sat, 26 Dec 2015 05:00:30 +0000 https://www.securitieslawyer101.com/?p=34019 Going Public Lawyer

On December 14, 2015 the Securities and Exchange Commission (SEC) charged a Pittsboro, North Carolina-based startup energy company and two executives with defrauding investors in an unregistered stock offering as they purported that a big influx of capital... Read More

Going Public Lawyer

]]>
SEC Files Subpoena Against President of FX & Beyond Corporation https://www.securitieslawyer101.com/2015/fx-beyond/ Fri, 25 Dec 2015 05:00:41 +0000 https://www.securitieslawyer101.com/?p=34017 Going Public Lawyer

  On December 9, 2015 the Securities and Exchange Commission (SEC) obtained a court order in its subpoena enforcement action against respondent Steve Karroum that requires Mr. Karroum to sign a written consent for the release of his e-mails from... Read More

Going Public Lawyer

]]>
Robert Seibert Charged In Scheme Targeting Seniors https://www.securitieslawyer101.com/2015/robert-seibert-senior-investors/ Thu, 24 Dec 2015 05:00:44 +0000 https://www.securitieslawyer101.com/?p=34014 Going Public Lawyer

On December 2, 2015, the Securities and Exchange Commission (SEC) charged Robert Seibert with operating a multi-year offering fraud that targeted elderly investors. According to the SEC’s complaint: Seibert, who was previously charged by the SEC in 1993... Read More

Going Public Lawyer

]]>
Jehu Hand Charged with Market Manipulation Scheme https://www.securitieslawyer101.com/2015/greenway-lawyer-charged-with-market-manipulation-scheme/ Wed, 23 Dec 2015 05:00:44 +0000 https://www.securitieslawyer101.com/?p=34009 Going Public Lawyer

The Securities and Exchange Commission (SEC) charged a California-licensed attorney and a stock promoter behind a pump-and-dump scheme that defrauded investors in Greenway Technology, a Las Vegas-based company purporting to operate resorts for gay and lesbian travelers. The... Read More

Going Public Lawyer

]]>
Court Approves Settlement Between SEC and Covenant Partners https://www.securitieslawyer101.com/2015/court-approves-settlement-between-sec-and-covenant-partners/ Tue, 22 Dec 2015 05:00:14 +0000 https://www.securitieslawyer101.com/?p=34005 Going Public Lawyer

The United States Bankruptcy Court for the Eastern District of Pennsylvania issued an order approving of the terms of a proposed settlement between the SEC and Covenant Partners, L.P., a Philadelphia-area private equity fund. Previously, Covenant Partners, L.P.,... Read More

Going Public Lawyer

]]>
Court Enters Summary Judgment Against Enron’s Former CEO https://www.securitieslawyer101.com/2015/court-enters-summary-judgment-against-enrons-former-ceo/ Mon, 21 Dec 2015 05:00:44 +0000 https://www.securitieslawyer101.com/?p=34003 Going Public Lawyer

The Securities and Exchange Commission (SEC) obtained a summary judgment against former Enron president, COO, and CEO Jeffrey Skilling to conclude its civil case that was stayed by the court starting in 2004 until the outcome of criminal... Read More

Going Public Lawyer

]]>
SEC Files Suit Against Promoter of ZeekRewards https://www.securitieslawyer101.com/2015/sec-files-suit-against-promoter-of-zeekrewards/ Sun, 20 Dec 2015 05:00:53 +0000 https://www.securitieslawyer101.com/?p=34000 Going Public Lawyer

  On December 4, 2015 the Securities and Exchange Commission (SEC) filed suit against Trudy Gilmond for her participation in the unregistered offer and sale of securities through Rex Venture Group LLC d/b/a ZeekRewards.com, an internet-based combined Ponzi... Read More

Going Public Lawyer

]]>
SEC Late Filers 101 – Going Public Attorneys https://www.securitieslawyer101.com/2015/sec-filers-going-public/ Sat, 19 Dec 2015 16:23:05 +0000 https://www.securitieslawyer101.com/?p=28075 Going Public Lawyer

It’s that time of year again when companies filing reports with the Securities and Exchange Commission (“SEC”) that have a December 31st year end, must file their annual report on Form 10-K. Recent enforcement actions against SEC filers and insiders... Read More

Going Public Lawyer

]]>
OTCQB Listing, Eligibility & Quotation – Going Public Lawyers https://www.securitieslawyer101.com/2015/otcqb-listing-eligibility-quotation/ Sat, 19 Dec 2015 05:00:58 +0000 http://www.securitieslawyer101.com/?p=23220 Going Public Lawyer

Posted by Brenda Hamilton, Securities and Going Public Lawyer OTC Markets Group (“OTC Markets”) requires companies seeking quotation of their securities on the OTCQB® Venture Stage Marketplace (“OTCQB”) have an initial and ongoing $0.01 per share minimum bid... Read More

Going Public Lawyer

]]>
SEC Charges Hui Feng With EB-5 Offering Fraud https://www.securitieslawyer101.com/2015/sec-charges-hui-feng-and-firm-with-fraud-regarding-eb-5-investments/ Sat, 19 Dec 2015 05:00:44 +0000 https://www.securitieslawyer101.com/?p=33998 Going Public Lawyer

The SEC filed a complaint alleging that Hui Feng and his firm, Law Offices of Feng & Associates P.C., acted as unregistered brokers by selling EB-5 investments to over 100 foreign investors, who were also their legal clients,... Read More

Going Public Lawyer

]]>
Court Finds Wayne Palmer Guilty in Ponzi Scheme https://www.securitieslawyer101.com/2015/wayne-palmer-ponzi-scheme/ Fri, 18 Dec 2015 05:00:40 +0000 https://www.securitieslawyer101.com/?p=33996 Going Public Lawyer

The Securities and Exchange Commission (SEC) won a case involving a Ponzi scheme. According to the SEC Wayne Palmer and his company National Note of Utah. The SEC filed fraud charges against them in June 2012 in connection with the Ponzi... Read More

Going Public Lawyer

]]>
Rule 506 Offerings FAQ By: Brenda Hamilton Attorney https://www.securitieslawyer101.com/2015/rule-506-offerings/ Fri, 18 Dec 2015 05:00:31 +0000 http://www.securitieslawyer101.com/?p=18014 Going Public Lawyer

Securities Lawyer 101 Blog Rule 506 Offerings are the most common of the Regulation D exemptions from registration under the Securities Act of 1933, as amended (the “Securities Act”).   It has been approximately a year since the Securities... Read More

Going Public Lawyer

]]>
SEC Files Subpoena Against NetCirq LLC https://www.securitieslawyer101.com/2015/sec-files-subpoena-against-netcirq-llc/ Thu, 17 Dec 2015 05:00:41 +0000 https://www.securitieslawyer101.com/?p=33992 Going Public Lawyer

On November 25, 2015, the SEC filed a subpoena enforcement action against NetCirq, LLC (“NetCirq”). According to the SEC’s application and supporting papers, the SEC is investigating whether NetCirq and others have violated or are violating provisions of the federal... Read More

Going Public Lawyer

]]>
Cry Me a Sater…Felix Sater & Donald Trump https://www.securitieslawyer101.com/2015/felix-sater-donald-trump/ Wed, 16 Dec 2015 11:24:13 +0000 https://www.securitieslawyer101.com/?p=34023 Going Public Lawyer

  In February 2015, Felix Sater proudly announced the debut of a new website.  As he puts it, it “showcases [his] accomplishments, contributions, musings, and availability.”  Though Sater describes himself as a veteran of the commercial real estate... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment In Penny Stock Case https://www.securitieslawyer101.com/2015/court-enters-final-judgment-in-penny-stock-manipulation-case/ Wed, 16 Dec 2015 05:00:38 +0000 https://www.securitieslawyer101.com/?p=33989 Going Public Lawyer

  The Securities and Exchange Commission (SEC) announced that the Court entered a final judgment against Defendant Chad Smanjak on November 23, 2015 in SEC v. Ruettiger, et al., Civil Action No. 1:11-CV-02011, a penny stock manipulation case the... Read More

Going Public Lawyer

]]>
SEC Acquires Court Order for an Asset Freeze for Lin Zhong https://www.securitieslawyer101.com/2015/sec-acquires-court-order-for-an-asset-freeze-for-lin-zhong/ Wed, 16 Dec 2015 05:00:34 +0000 https://www.securitieslawyer101.com/?p=33947 Going Public Lawyer

  The Securities and Exchange Commission (SEC) announced on November 19, 2015 that it has obtained a court order freezing the assets of a South Florida woman and her company accused of purchasing a boat and luxury cars with... Read More

Going Public Lawyer

]]>
SEC Announces Emergency Halt on Fraudster’s Operations https://www.securitieslawyer101.com/2015/sec-announces-emergency-halt/ Tue, 15 Dec 2015 05:00:18 +0000 https://www.securitieslawyer101.com/?p=33984 Going Public Lawyer

On December 1, 2015 the Securities and Exchange Commission (SEC) announced the entry of a Consent Order (“Order”) halting an alleged ongoing investment fraud by James Torchia and various related entities involving the sale of promissory notes and... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Prima Capital Group https://www.securitieslawyer101.com/2015/court-enters-final-judgment-against-prima-capital-group/ Mon, 14 Dec 2015 05:00:59 +0000 https://www.securitieslawyer101.com/?p=33953 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that on September 29, 2015, a final judgment was entered against Efstratios “Elias” Argyropoulos of Santa Barbara, California, and his solely owned company, Prima Capital Group, Inc. In addition to the... Read More

Going Public Lawyer

]]>
SEC Charges Two Bitcoin Companies for Operating a Ponzi Scheme https://www.securitieslawyer101.com/2015/sec-charges-two-bitcoin-companies-for-operating-a-ponzi-scheme/ Mon, 14 Dec 2015 05:00:56 +0000 https://www.securitieslawyer101.com/?p=33980 Going Public Lawyer

  On December 1, 2015 the Securities and Exchange Commission (SEC) charged two Bitcoin mining companies and their founder with conducting a Ponzi scheme that used the lure of quick riches from virtual currency to defraud their investors.... Read More

Going Public Lawyer

]]>
SEC Obtains Asset Freeze In EB-5 Scam https://www.securitieslawyer101.com/2015/asset-freeze-eb-5-scam/ Sun, 13 Dec 2015 05:00:19 +0000 https://www.securitieslawyer101.com/?p=33974 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced an asset freeze obtained against two people in San Bernardino, California accused of defrauding Chinese investors who invested in their related companies in an effort to obtain U.S. residency through the... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against Tropikgadget In Pyramid Scheme https://www.securitieslawyer101.com/2015/court-enters-final-judgment-against-tropikgadget-for-its-conduction-of-a-pyramid-scheme/ Sat, 12 Dec 2015 05:00:46 +0000 https://www.securitieslawyer101.com/?p=33941 Going Public Lawyer

On November 12, 2015, a federal court in Boston, Massachusetts, entered a final judgment against Tropikgadget FZE and Tropikgadget Unipessoal LDA (collectively, “Tropikgadget”) of Portugal, defendants in a previously-filed enforcement action. In February 2015, the SEC charged Tropikgadget operating under the... Read More

Going Public Lawyer

]]>
Steven Watson Charged with Insider Trading – Securities Attorneys https://www.securitieslawyer101.com/2015/steven-watson-charged-with-insider-trading-fraud/ Fri, 11 Dec 2015 21:00:45 +0000 https://www.securitieslawyer101.com/?p=33944 Going Public Lawyer

On November 17, 2015 the Securities and Exchange Commission charged Steven Watson with insider trading fraud, claiming he illegally profited from news of a proposed acquisition of Cooper Tire and Rubber Company by Apollo Tyres Ltd. Earlier this year, the... Read More

Going Public Lawyer

]]>
SEC Obtains Final Judgment Against EB-5 Attorneys https://www.securitieslawyer101.com/2015/sec-eb-5-immigration-attorneys/ Fri, 11 Dec 2015 05:00:11 +0000 https://www.securitieslawyer101.com/?p=33950 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that it has obtained final judgments against a former Los Angeles-based immigration attorney, his wife, his former law firm partner and five entities he controlled for conducting an investment scheme to... Read More

Going Public Lawyer

]]>
Court Enters Final Judgment Against 5 Companies and Owner https://www.securitieslawyer101.com/2015/court-enters-final-judgment-against-5-companies-and-owner/ Thu, 10 Dec 2015 21:00:08 +0000 https://www.securitieslawyer101.com/?p=33936 Going Public Lawyer

On November 12, 2015 the Securities and Exchange Commission (SEC) announced that the Court awarded summary judgment and entered a final judgment in favor of the SEC against defendants Brett Cooper, Global Funding Systems LLC, Dream Holdings, LLC,... Read More

Going Public Lawyer

]]>
5 Star Commercial, 5 Star Capital, and Operator Earl Miller Charged with Fraud https://www.securitieslawyer101.com/2015/5-star-commercial-5-star-capital-and-operator-earl-miller-charged-with-fraud/ Wed, 09 Dec 2015 21:00:13 +0000 https://www.securitieslawyer101.com/?p=33934 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that on November 5, 2015 an emergency enforcement action was filed in federal district court against Earl Miller (Miller) and two private investment vehicles that he controlled, 5 Star Commercial, LLC... Read More

Going Public Lawyer

]]>
SEC Charges EB-5 Offering Attorneys – Securities Lawyer 101 https://www.securitieslawyer101.com/2015/securities-lawyers-gone-wild-eb-5-offerings/ Wed, 09 Dec 2015 15:31:30 +0000 https://www.securitieslawyer101.com/?p=33968 Going Public Lawyer

On December 7, 2015 the Securities and Exchange Commission (SEC) announced a series of enforcement actions against lawyers across the country charged with offering EB-5 investments while not registered to act as brokers. In one case, a lawyer and his firm... Read More

Going Public Lawyer

]]>
Zhichen Zhou and Yannan Liu Charged with Insider Trading https://www.securitieslawyer101.com/2015/zhichen-zhou-and-yannan-liu-charged-with-insider-trading/ Wed, 09 Dec 2015 15:00:28 +0000 https://www.securitieslawyer101.com/?p=33923 Going Public Lawyer

On November 10, 2015 the Securities and Exchange Commission (SEC) announced insider trading charges and an emergency asset freeze against cousins Zhichen Zhou and Yannan Liu. The SEC alleged that the Defendants traded in advance of the acquisition of... Read More

Going Public Lawyer

]]>
Judgment Entered Against James Louks and FiberPop Solutions https://www.securitieslawyer101.com/2015/court-enters-partial-judgment-against-james-louks-and-fiberpop-solutions/ Mon, 16 Nov 2015 05:00:32 +0000 https://www.securitieslawyer101.com/?p=33910 Going Public Lawyer

On November 9, 2015, the Securities and Exchange Commission (SEC) announced that on November 4, 2015 the Court entered a partial judgment against James Louks and FiberPop Solutions, Inc. (FiberPop). FiberPop and Louks, founder, President, CEO, Director, and Chairman... Read More

Going Public Lawyer

]]>
SEC Complaint Charges For Phony Muddy Waters Tweets https://www.securitieslawyer101.com/2015/sec-compaint-phony-tweets/ Sun, 15 Nov 2015 05:00:07 +0000 https://www.securitieslawyer101.com/?p=33899 Going Public Lawyer

On November 6, 2015, the SEC announced that it charged James Alan Craig (Craig) with a market manipulation scheme. The SEC filed criminal securities fraud charges against Craig, a Scottish trader whose phony tweets caused sharp drops in the... Read More

Going Public Lawyer

]]>
SEC Identifies Three More to Charge in Penny Stock Case https://www.securitieslawyer101.com/2015/sec-identifies-three-more-to-charge-in-penny-stock-case/ Sat, 14 Nov 2015 05:00:11 +0000 https://www.securitieslawyer101.com/?p=33858 Going Public Lawyer

  On November 4, 2015, the Securities and Exchange Commission (SEC) announced it has identified three more individuals to charge in a penny stock manipulation case that the agency filed last year against alleged corrupt brokers and others. The SEC... Read More

Going Public Lawyer

]]>
Court Approves Insurance Company’s Final Distribution https://www.securitieslawyer101.com/2015/court-approves-insurance-comanys-final-distribution/ Fri, 13 Nov 2015 05:00:45 +0000 https://www.securitieslawyer101.com/?p=33828 Going Public Lawyer

On September 30, 2015 the Court approved final distribution that concluded the receivership in the SEC’s litigation against Provident Capital Indemnity, Ltd. The litigation was ended by the Court’s order and was settled with the last remaining defendant,... Read More

Going Public Lawyer

]]>
Vlad Spivnak Charged with Insider Trading https://www.securitieslawyer101.com/2015/vlad-spivnak-charged-with-insider-trading/ Thu, 12 Nov 2015 05:00:42 +0000 https://www.securitieslawyer101.com/?p=33497 Going Public Lawyer

The SEC has announced charges against Vlad Spivnak for insider trading in the stock of American Dental Partners, Inc. (ADPI), a dental practice management company. The complaint alleges that Spivnak received the private information from his girlfriend at the time, Shirmila Doddi, who... Read More

Going Public Lawyer

]]>
William Apostelos and His Companies Charged with Fraud https://www.securitieslawyer101.com/2015/william-apostelos-and-his-companies-charged-with-fraud/ Wed, 11 Nov 2015 05:00:07 +0000 https://www.securitieslawyer101.com/?p=33072 Going Public Lawyer

The SEC released charges on October 30, 2015 alleging that William Apostelos and his companies, WMA Enterprises, Midwest Green Resources, and OVO Wealth Management conducted a fraudulent investment scheme. The complaint claims that the companies raised at least... Read More

Going Public Lawyer

]]>
Diverse Financial and Principals Charged with Fraud https://www.securitieslawyer101.com/2015/diverse-financial-and-principals-charged-with-fraud/ Tue, 10 Nov 2015 05:00:37 +0000 https://www.securitieslawyer101.com/?p=33067 Going Public Lawyer

The 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

Going Public Lawyer

]]>
SEC Obtains Asset Freeze Over Joseph Gabalon https://www.securitieslawyer101.com/2015/sec-obtains-asset-freeze-over-joseph-gabalon/ Mon, 09 Nov 2015 05:00:15 +0000 https://www.securitieslawyer101.com/?p=32598 Going Public Lawyer

The 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

Going Public Lawyer

]]>
Rebecca Norton Insider Trading Settlement Approved https://www.securitieslawyer101.com/2015/rebecca-norton-insider-trading-settlement-approved/ Mon, 09 Nov 2015 05:00:00 +0000 https://www.securitieslawyer101.com/?p=33058 Going Public Lawyer

The 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

Going Public Lawyer

]]>
Brown Investment Advisors Charged with Operating Three Offering Frauds https://www.securitieslawyer101.com/2015/brown-investment-advisors-charged-with-operating-three-offering-frauds/ Sun, 08 Nov 2015 05:00:13 +0000 https://www.securitieslawyer101.com/?p=32588 Going Public Lawyer

A 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

Going Public Lawyer

]]>
John Williams Charged with Conducting Misappropriation Scheme and Offering Fraud https://www.securitieslawyer101.com/2015/john-williams-charged-with-conducting-misappropriation-scheme-and-offering-fraud/ Sat, 07 Nov 2015 05:00:35 +0000 https://www.securitieslawyer101.com/?p=32512 Going Public Lawyer

On 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

Going Public Lawyer

]]>
Court Reaches Final Judgement of Disgorgement and Civil Penalties Against Stock Fraudsters https://www.securitieslawyer101.com/2015/court-reaches-final-judgement-of-disgorgement-and-civil-penalties-against-stock-fraudsters/ Fri, 06 Nov 2015 05:00:13 +0000 https://www.securitieslawyer101.com/?p=32563 Going Public Lawyer

The 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

Going Public Lawyer

]]>
Why Operation Shell Expel Gets an F https://www.securitieslawyer101.com/2015/why-operation-shell-expel-gets-an-f/ Thu, 05 Nov 2015 11:54:22 +0000 https://www.securitieslawyer101.com/?p=33850 Going Public Lawyer

Between 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... Read More

Going Public Lawyer

]]>
Settlement Reached in Vladimir Eydelman Insider Trading Case https://www.securitieslawyer101.com/2015/settlement-reached-in-vladimir-eydelman-insider-trading-case/ Thu, 05 Nov 2015 05:00:54 +0000 https://www.securitieslawyer101.com/?p=32556 Going Public Lawyer

On 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

Going Public Lawyer

]]>
Darren Ofsink Indicted – Securities Lawyers Gone Wild https://www.securitieslawyer101.com/2015/securities-lawyers-gone-wild-darren-ofsink-indicted/ Wed, 04 Nov 2015 19:17:53 +0000 https://www.securitieslawyer101.com/?p=33811 Going Public Lawyer

On November 4, 2015, the U.S. Attorney for the Eastern District of New York announced that Darren Ofsink, a Manhattan attorney and founder of Ofsink LLC; Michael Morris, a registered broker and managing director of Halcyon Cabot Partners, Ltd.... Read More

Going Public Lawyer

]]>
Default Judgment Grants Full Relief Against Premiere Power and Its Chairman in Offering Fraud https://www.securitieslawyer101.com/2015/default-judgment-grants-full-relief-against-premiere-power-and-its-chairman-in-offering-fraud/ Wed, 04 Nov 2015 05:00:04 +0000 https://www.securitieslawyer101.com/?p=32508 Going Public Lawyer

On 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

Going Public Lawyer

]]>
Schedule 13D and 13G Filing Requirements Securities Lawyer 101 Q&A https://www.securitieslawyer101.com/2015/schedule-13d-and-13g-filing-requirements-securities-lawyer-101-qa/ Tue, 03 Nov 2015 17:28:07 +0000 https://www.securitieslawyer101.com/?p=33502 Going Public Lawyer

Common Questions About Schedule 13D and 13G Filing Requirements For Public Companies In going public transactions, a company can register a class of securities and thereby become subject to the SEC’s reporting requirements by filing a Form 10... Read More

Going Public Lawyer

]]>
Keeping A Close Watch On Equity Crowdfunding https://www.securitieslawyer101.com/2015/keeping-a-close-watch-on-equity-crowdfunding/ Tue, 03 Nov 2015 14:52:03 +0000 https://www.securitieslawyer101.com/?p=33489 Going Public Lawyer

With 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

Going Public Lawyer

]]>
What Is Wrong With Buying a Shell To Go Public? https://www.securitieslawyer101.com/2015/custodianship-shell/ Tue, 03 Nov 2015 05:00:15 +0000 http://www.securitieslawyer101.com/?p=8389 Going Public Lawyer

Securities Lawyer 101 Blog Between January of 2000 and present, the Securities and Exchange Commission (the “SEC”) has suspended or halted thousands of publicly traded companies.  Many were dormant penny stock issuers suspended to prevent corporate hijackings by fraudsters... Read More

Going Public Lawyer

]]>
Donald Lester and His Private Firm Charged with Fraud https://www.securitieslawyer101.com/2015/donald-lester-and-his-private-firm-charged-with-fraud/ Tue, 03 Nov 2015 05:00:08 +0000 https://www.securitieslawyer101.com/?p=32498 Going Public Lawyer

On 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

Going Public Lawyer

]]>
Hedge Fund Manager Lonny Bernath Charged with Fraud https://www.securitieslawyer101.com/2015/hedge-fund-manager-lonny-bernath-charged-with-fraud/ Mon, 02 Nov 2015 05:00:46 +0000 https://www.securitieslawyer101.com/?p=32438 Going Public Lawyer

On 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

Going Public Lawyer

]]>
SEC Obtains Summary Judgment Against Andrew Farmer in Pump-And-Dump Scheme https://www.securitieslawyer101.com/2015/sec-obtains-summary-judgment-against-andrew-farmer-in-pump-and-dump-scheme/ Sun, 01 Nov 2015 04:00:25 +0000 https://www.securitieslawyer101.com/?p=32425 Going Public Lawyer

The 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

Going Public Lawyer

]]>
SEC Charges Nicolas Zanen and His Friend with Insider Trading https://www.securitieslawyer101.com/2015/sec-charges-nicolas-zanen-and-his-friend-with-insider-trading/ Sat, 31 Oct 2015 04:00:45 +0000 https://www.securitieslawyer101.com/?p=32415 Going Public Lawyer

The 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

Going Public Lawyer

]]>
Equity Crowdfunding Approved – Going Public Attorney https://www.securitieslawyer101.com/2015/equity-crowdfunding-approved/ Fri, 30 Oct 2015 17:19:13 +0000 https://www.securitieslawyer101.com/?p=33052 Going Public Lawyer

The Securities and Exchange Commission voted 3-1 to approve the long awaited equity crowdfunding rules. Equity Crowdfunding was adopted pursuant to Title III of the Jumpstart Our Business Act (JOBS Act). As adopted today, the rule allows companies to... Read More

Going Public Lawyer

]]>
SEC Issues Trading Suspension of Locan & American Power Corp https://www.securitieslawyer101.com/2015/33043/ Fri, 30 Oct 2015 14:01:14 +0000 https://www.securitieslawyer101.com/?p=33043 Going Public Lawyer

On 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

Going Public Lawyer

]]>
What Disclosure Is Required By Rule 15c2-11? https://www.securitieslawyer101.com/2015/going-public-15c2-11-disclosure-requirements/ Fri, 30 Oct 2015 04:00:47 +0000 http://www.securitieslawyer101.com/?p=18307 Going Public Lawyer

Rule 15c2-11 under the Securities and Exchange Act of 1934 (Exchange Act) governs the submission and publication of quotations by brokers and dealers for OTC equity securities. Specifically, the rule applies to a broker-dealer’s initiation or resumption of... Read More

Going Public Lawyer

]]>
SEC Wins Summary Judgment Against Allen Smith https://www.securitieslawyer101.com/2015/sec-wins-summary-judgment-against-allen-smith-in-advance-fee-investment-scheme/ Fri, 30 Oct 2015 04:00:27 +0000 https://www.securitieslawyer101.com/?p=32408 Going Public Lawyer

The 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

Going Public Lawyer

]]>
SEC Addresses Equity Crowdfunding – Going Public Attorney https://www.securitieslawyer101.com/2015/equity-crowd-funding/ Thu, 29 Oct 2015 23:41:58 +0000 https://www.securitieslawyer101.com/?p=33038 Going Public Lawyer

On October 30, 2015, three years after The JOBS Act became law, the Securities and Exchange Commission (SEC) will vote to in an Open Meeting to consider whether to: adopt rules and forms related to the offer and... Read More

Going Public Lawyer

]]>
Court Enters Default Judgment Against James Erwin and Malom Group https://www.securitieslawyer101.com/2015/default-judgement-james-erwin-malom-group/ Thu, 29 Oct 2015 04:00:14 +0000 https://www.securitieslawyer101.com/?p=32403 Going Public Lawyer

The 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

Going Public Lawyer

]]>
SEC Obtains Final Judgments Against Operators of a Ponzi Scheme https://www.securitieslawyer101.com/2015/sec-obtains-final-judgements-against-operators-of-a-ponzi-scheme/ Wed, 28 Oct 2015 04:00:55 +0000 https://www.securitieslawyer101.com/?p=32347 Going Public Lawyer

On 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

Going Public Lawyer

]]>
SEC Charges Oscar Wu With Settled Insider Trading https://www.securitieslawyer101.com/2015/sec-charges-oscar-wu-with-settled-insider-trading/ Tue, 27 Oct 2015 04:00:53 +0000 https://www.securitieslawyer101.com/?p=32332 Going Public Lawyer

The 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

Going Public Lawyer

]]>
Former Executives of OCZ Technology Group Charged with Fraud https://www.securitieslawyer101.com/2015/former-executives-of-ocz-technology-group-charged-with-fraud/ Mon, 26 Oct 2015 04:00:08 +0000 https://www.securitieslawyer101.com/?p=32324 Going Public Lawyer

The 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

Going Public Lawyer

]]>
SEC Charges Steve Chen With Fraud and Imposes Asset Freeze https://www.securitieslawyer101.com/2015/sec-charges-steve-chen-with-fraud-and-imposes-asset-freeze/ Sun, 25 Oct 2015 04:00:43 +0000 https://www.securitieslawyer101.com/?p=32312 Going Public Lawyer

On 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

Going Public Lawyer

]]>
James Quay Found Guilty for Perjury and Fraud https://www.securitieslawyer101.com/2015/james-quay-found-guilty-for-perjury-and-fraud/ Sat, 24 Oct 2015 04:00:56 +0000 https://www.securitieslawyer101.com/?p=32307 Going Public Lawyer

The 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

Going Public Lawyer

]]>
The SEC Charges Arizona Players with Embezzlement https://www.securitieslawyer101.com/2015/the-sec-charges-five-arizona-residents-with-embezzlement/ Fri, 23 Oct 2015 04:00:28 +0000 https://www.securitieslawyer101.com/?p=32217 Going Public Lawyer

The 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

Going Public Lawyer

]]>
Final Judgement Entered Against Amyot And Spencer Pharmaceutical https://www.securitieslawyer101.com/2015/final-judgement-against-amyot-and-spencer-pharmaceutical/ Thu, 22 Oct 2015 04:00:37 +0000 https://www.securitieslawyer101.com/?p=32210 Going Public Lawyer

The 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

Going Public Lawyer

]]>
Trade Secrets https://www.securitieslawyer101.com/2015/trade-secrets/ Wed, 21 Oct 2015 15:48:22 +0000 https://www.securitieslawyer101.com/?p=32493 Going Public Lawyer

On 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

Going Public Lawyer

]]>
Ranjan Mendonsa and Ammar Akbari Charged with Insider Trading https://www.securitieslawyer101.com/2015/ranjan-mendonsa-and-ammar-akbari-charged-with-insider-trading/ Wed, 21 Oct 2015 04:00:05 +0000 https://www.securitieslawyer101.com/?p=32207 Going Public Lawyer

The 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

Going Public Lawyer

]]>
Securities Lawyer 101 Blog Wins Third Place In Best Legal Blog Contest https://www.securitieslawyer101.com/2015/securities-lawyer-wins-blog-contest/ Tue, 20 Oct 2015 17:58:05 +0000 https://www.securitieslawyer101.com/?p=32486 Going Public Lawyer

Our 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

Going Public Lawyer

]]>
SEC Charges Executives of ContinuityX Solutions with Fraud https://www.securitieslawyer101.com/2015/sec-charges-executives-of-continuityx-solutions-with-fraud/ Tue, 20 Oct 2015 04:00:24 +0000 https://www.securitieslawyer101.com/?p=32203 Going Public Lawyer

The 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

Going Public Lawyer

]]>
Charles Riel and REinvest LLC Charged with Securities Fraud https://www.securitieslawyer101.com/2015/charles-riel-and-reinvest-llc-charged-with-securities-fraud/ Mon, 19 Oct 2015 04:00:26 +0000 https://www.securitieslawyer101.com/?p=32195 Going Public Lawyer

On 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

Going Public Lawyer

]]>
Lee Dana Weiss Charged with Self-Dealing and Failure to Disclose https://www.securitieslawyer101.com/2015/lee-dana-weiss-charged/ Sun, 18 Oct 2015 04:00:39 +0000 https://www.securitieslawyer101.com/?p=32191 Going Public Lawyer

The 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

Going Public Lawyer

]]>
Jose Ramirez Charged by the SEC for Conducting Fraudulent Scheme https://www.securitieslawyer101.com/2015/jose-ramirez-charged-by-the-sec-for-conducting-fraudulent-scheme/ Sat, 17 Oct 2015 04:00:25 +0000 https://www.securitieslawyer101.com/?p=32185 Going Public Lawyer

On 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

Going Public Lawyer

]]>
NYSE Amends Rules For The Release of Material News https://www.securitieslawyer101.com/2015/nyse-amends-rules-for-the-release-of-material-news/ Fri, 16 Oct 2015 14:17:33 +0000 https://www.securitieslawyer101.com/?p=32456 Going Public Lawyer

  Halts 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

Going Public Lawyer

]]>
Five Florida Residents Charged by the SEC With Insider Trading https://www.securitieslawyer101.com/2015/five-florida-residents-charged-by-the-sec-with-insider-trading/ Fri, 16 Oct 2015 04:00:30 +0000 https://www.securitieslawyer101.com/?p=32178 Going Public Lawyer

The 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

Going Public Lawyer

]]>
Filing a Form S-1 Registration Statement? Going Public Lawyers https://www.securitieslawyer101.com/2015/filing-a-form-s-1-registration-statement-lawyer/ Fri, 16 Oct 2015 04:00:19 +0000 http://www.securitieslawyer101.com/?p=23890 Going Public Lawyer

Securities Lawyer 101 Blog A registration statement on Form S-1 can be used to register various types of securities offerings and transactions with the Securities and Exchange Commission (“SEC”).   Form S-1 provides issuers with flexibility in the types of securities that can be... Read More

Going Public Lawyer

]]>
SEC Charges Roger Bliss With Obstruction of Justice https://www.securitieslawyer101.com/2015/sec-charges-roger-bliss-obstruction-of-justice/ Thu, 15 Oct 2015 04:00:28 +0000 https://www.securitieslawyer101.com/?p=32161 Going Public Lawyer

The 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

Going Public Lawyer

]]>
Spongetech Update – SEC Enforcement Attorneys https://www.securitieslawyer101.com/2015/spongetech-sec-enforcement-attorneys/ Wed, 14 Oct 2015 10:25:34 +0000 https://www.securitieslawyer101.com/?p=32389 Going Public Lawyer

On May 5, 2010, the U.S. Securities and Exchange Commission (“SEC”) brought an action against Spongetech Delivery Systems, Inc. (“SPNG”), including CEO Michael Metter, CFO and secretary Steven Moskowitz, and certain other Spongetech officers and employees, for engaging... Read More

Going Public Lawyer

]]>
Publicly Traded Companies Filing Requirements – Going Public Attorneys https://www.securitieslawyer101.com/2015/publicly-traded-companies-filing-requirements-going-public-attorneys/ Wed, 14 Oct 2015 09:49:12 +0000 https://www.securitieslawyer101.com/?p=32382 Going Public Lawyer

Companies going public become subject to the SEC’s periodic reporting requirements a number of ways including by filing a registration under the Securities Act of 1933, as amended or pursuant to the  Securities Exchange Act of 1934. The... Read More

Going Public Lawyer

]]>
SEC Charges Trinity Capital Corporation with Fraud https://www.securitieslawyer101.com/2015/sec-charges-trinity-capital-corporation-with-fraud/ Wed, 14 Oct 2015 04:00:41 +0000 https://www.securitieslawyer101.com/?p=32145 Going Public Lawyer

The 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

Going Public Lawyer

]]>
Oil and Gas Company and Boiler Room Operator Charged https://www.securitieslawyer101.com/2015/oil-and-gas-company-charged-with-fraud/ Tue, 13 Oct 2015 13:57:17 +0000 https://www.securitieslawyer101.com/?p=32228 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced on October 1, 2015 fraud charges against an Orange County, Calif. oil and gas company, its CEO, and an Arizona-based boiler room operator. The SEC claims Commodore Financial Corporation, CEO Christopher Schlegel,... Read More

Going Public Lawyer

]]>
SEC Charges Michael Moore For Monkey Rock & Cytta https://www.securitieslawyer101.com/2015/sec-charges-michael-moore-incytta-and-monkey-rock/ Tue, 13 Oct 2015 13:25:09 +0000 https://www.securitieslawyer101.com/?p=32173 Going Public Lawyer

On September 29, 2015, the Securities and Exchange Commission (SEC) filed a complaint in the U.S. District Court for the District of Nevada against Michael J. Moore, formerly a certified public accountant known for auditing many questionable microcap... Read More

Going Public Lawyer

]]>
EPermaPave Industries Is A Ponzi Scheme – Brenda Hamilton Attorney https://www.securitieslawyer101.com/2015/epermapave-industries-is-a-ponzi-scheme-brenda-hamilton-attorney/ Tue, 13 Oct 2015 04:00:29 +0000 https://www.securitieslawyer101.com/?p=32152 Going Public Lawyer

-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

Going Public Lawyer

]]>
Cry Me A River – DTC Chills & Global Locks – Going Public Attorneys https://www.securitieslawyer101.com/2015/dtc-chills-global-locks-going-public-attorneys/ Mon, 12 Oct 2015 04:00:59 +0000 http://www.securitieslawyer101.com/?p=26295 Going Public Lawyer

Securities Lawyer 101 Blog The Depository Trust and Clearing Corporation (“DTCC”), through its subsidiaries, provides clearing, settlement and information services for securities.  DTCC’s subsidiary, the Depository Trust Company (“DTC”), was created to improve efficiencies and reduce risk in... Read More

Going Public Lawyer

]]>
Going Public With A DPO – Going Public Securities Attorneys https://www.securitieslawyer101.com/2015/direct-public-offering-going-public-attorney/ Mon, 12 Oct 2015 04:00:58 +0000 http://www.securitieslawyer101.com/?p=18937 Going Public Lawyer

One of the most efficient and cost effective ways to achieve public company status is by using a Direct Public Offering.  The Direct Public Offering Attorneys at Hamilton & Associates will assist you with your Direct Public Offering... Read More

Going Public Lawyer

]]>
SEC Charges Eldrick Woodley with Embezzlement of Client Funds https://www.securitieslawyer101.com/2015/sec-charges-eldrick-woodley-with-embezzlement-of-client-funds/ Mon, 12 Oct 2015 04:00:49 +0000 https://www.securitieslawyer101.com/?p=32141 Going Public Lawyer

The 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

Going Public Lawyer

]]>
SEC Charges Hitachi, LTD. With Violation of FCPA https://www.securitieslawyer101.com/2015/sec-charges-hitachi-ltd-with-violaion-of-fcpa/ Sun, 11 Oct 2015 04:00:35 +0000 https://www.securitieslawyer101.com/?p=32135 Going Public Lawyer

The 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

Going Public Lawyer

]]>
SEC Files Charges Against Ralph Pirtle and Morando Berrettini for Insider Trading https://www.securitieslawyer101.com/2015/sec-charges-ralph-pirtle-with-insider-trading/ Sat, 10 Oct 2015 04:00:20 +0000 https://www.securitieslawyer101.com/?p=32130 Going Public Lawyer

The 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

Going Public Lawyer

]]>
SEC Charges GenAudio and CEO With Fraudulent Stock Offerings https://www.securitieslawyer101.com/2015/sec-charges-genaudio-ceo-with-fraudulent-stock-offerings/ Fri, 09 Oct 2015 04:00:07 +0000 https://www.securitieslawyer101.com/?p=32124 Going Public Lawyer

The 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

Going Public Lawyer

]]>
SEC Charges Six in Securities Fraud Scheme https://www.securitieslawyer101.com/2015/sec-charges-six-in-securities-fraud-scheme/ Thu, 08 Oct 2015 04:00:24 +0000 https://www.securitieslawyer101.com/?p=32019 Going Public Lawyer

On 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

Going Public Lawyer

]]>
$32 Million Amber Mining Pyramid Scheme Halted by the SEC https://www.securitieslawyer101.com/2015/promised-riches-in-32-million-amber-mining-pyramid-scheme-halted-by-the-sec/ Wed, 07 Oct 2015 17:16:15 +0000 https://www.securitieslawyer101.com/?p=32246 Going Public Lawyer

  On 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

Going Public Lawyer

]]>
FINRA Expels Halcyon Cabot Partners https://www.securitieslawyer101.com/2015/finra-expels-halcyon-cabot-partners/ Wed, 07 Oct 2015 16:54:33 +0000 https://www.securitieslawyer101.com/?p=32253 Going Public Lawyer

The 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

Going Public Lawyer

]]>
SEC Settles Aiding and Abetting Charges Against Joseph Apuzzo https://www.securitieslawyer101.com/2015/sec-files-settled-aiding-and-abetting-charges-against-joseph-apuzzo/ Wed, 07 Oct 2015 04:00:16 +0000 https://www.securitieslawyer101.com/?p=32108 Going Public Lawyer

On 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

Going Public Lawyer

]]>
Anthony Knight Barred, Enjoined, and Fined for Unregistered Securities https://www.securitieslawyer101.com/2015/anthony-knight-barred-enjoined-fined-for-unregistered-securities/ Tue, 06 Oct 2015 04:00:04 +0000 https://www.securitieslawyer101.com/?p=32116 Going Public Lawyer

On 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

Going Public Lawyer

]]>
Former Officers of SMF Energy Corp Charged by the SEC with Fraud https://www.securitieslawyer101.com/2015/former-officers-of-smf-energy-corp-charged-by-the-sec-with-fraud/ Mon, 05 Oct 2015 04:00:21 +0000 https://www.securitieslawyer101.com/?p=32102 Going Public Lawyer

The Securities and Exchange Commission (SEC) on September 25, 2015, announced financial fraud charges against four former SMF Energy Corp officers, claiming that former CEO Richard E. Gathright, former chief financial officer Michael S. Shore, former chief accounting... Read More

Going Public Lawyer

]]>
Consultant Charged With Insider Trading https://www.securitieslawyer101.com/2015/consultant-charged-with-insider-trading/ Sun, 04 Oct 2015 04:00:25 +0000 https://www.securitieslawyer101.com/?p=32016 Going Public Lawyer

On 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

Going Public Lawyer

]]>
SEC Announces New Resource – Going Public Attorneys https://www.securitieslawyer101.com/2015/sec-announces-resource-going-public-attorneys/ Sat, 03 Oct 2015 15:36:23 +0000 https://www.securitieslawyer101.com/?p=32237 Going Public Lawyer

Posted 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

Going Public Lawyer

]]>
Former Fannie Mae Executives Resolve Subprime and Reduced Documentation Disclosure Case with SEC https://www.securitieslawyer101.com/2015/former-fannie-mae-executives-resolve-subprime-and-reduced-documentation-disclosure-case-with-sec/ Sat, 03 Oct 2015 04:00:28 +0000 https://www.securitieslawyer101.com/?p=32022 Going Public Lawyer

The 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

Going Public Lawyer

]]>
SEC v. Two Men Who Defrauded Investors https://www.securitieslawyer101.com/2015/sec-v-two-men-who-defrauded-investors/ Fri, 02 Oct 2015 04:00:22 +0000 https://www.securitieslawyer101.com/?p=32029 Going Public Lawyer

On 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

Going Public Lawyer

]]>
SEC Charges Penny Stock Company and CEO with Fraud and Issuing a False Press Release https://www.securitieslawyer101.com/2015/sec-charges-penny-stock-company-and-ceo-with-fraud-and-disclosing-inaccurate-press-releases/ Thu, 01 Oct 2015 04:00:57 +0000 https://www.securitieslawyer101.com/?p=32035 Going Public Lawyer

  On 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

Going Public Lawyer

]]>
SEC Obtains Final Judgement Against Julio Cruz for Targeting Latino Communities with Pyramid Scheme https://www.securitieslawyer101.com/2015/sec-obtains-final-judgement-against-julio-cruz-for-pyramid-scheme/ Wed, 30 Sep 2015 04:00:35 +0000 https://www.securitieslawyer101.com/?p=32039 Going Public Lawyer

On September 17, 2015, the Securities and Exchange Commission (SEC) announced that on September 16, 2015, the federal court in Boston, Massachusetts, entered a final judgment against defendant Julio Cruz of Duluth, Georgia, a defendant in a previously-filed... Read More

Going Public Lawyer

]]>
James Meagher Enjoined in Penny Stock Case https://www.securitieslawyer101.com/2015/james-meagher-enjoined-in-penny-stock-case/ Tue, 29 Sep 2015 04:00:36 +0000 https://www.securitieslawyer101.com/?p=32042 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced on September 16, 2015 that Chief Judge Gregory M. Sleet of the United States District Court for the District of Delaware entered a final default judgment against Defendant James Meagher on... Read More

Going Public Lawyer

]]>
SEC Charges Robert Milligan With Securities Fraud https://www.securitieslawyer101.com/2015/sec-charges-robert-milligan-securities-fraud/ Mon, 28 Sep 2015 12:27:29 +0000 https://www.securitieslawyer101.com/?p=32032 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced on September 18, 2015 charges against Robert DeWayne Milligan, who was president of a California-based business known as America’s Natural Energy (“ANE”), for engaging in the fraudulent offering of unregistered securities.... Read More

Going Public Lawyer

]]>
Eric McPhail Sentenced in Insider Trading Action https://www.securitieslawyer101.com/2015/eric-j-mcphail-sentenced-insider-trading/ Mon, 28 Sep 2015 12:15:54 +0000 https://www.securitieslawyer101.com/?p=32046 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced that, on September 18, 2015, Eric McPhail was sentenced to 18 months in prison and two years of supervised release for his role in an insider trading ring that traded inside information... Read More

Going Public Lawyer

]]>
SEC Order Imposes Fine On Ditto Holdings For $3.7 Million Unlawful Offering https://www.securitieslawyer101.com/2015/sec-order-imposes-fine-on-ditto-holdings-for-3-7-million-unlawful-offering/ Fri, 25 Sep 2015 04:00:14 +0000 https://www.securitieslawyer101.com/?p=31871 Going Public Lawyer

On September 8, 2015, the Securities and Exchange Commission (“SEC”) initiated public cease-and-desist proceedings pursuant to Section 8A of the Securities Act of 1933 (“Securities Act”) against Ditto Holdings, Inc. (“Ditto Holdings”). In anticipation of the institution of... Read More

Going Public Lawyer

]]>
SEC Charges Florida Based CPA For Bogus Audit Opinions https://www.securitieslawyer101.com/2015/sec-charges-florida-based-cpa-for-issuing-bogus-audit-opinions/ Wed, 23 Sep 2015 13:52:02 +0000 https://www.securitieslawyer101.com/?p=32002 Going Public Lawyer

  On September 17, 2015 the SEC imposed sanctions against a Florida based CPA for producing deficient and fraudulent audits and quarterly reviews for eight publicly traded companies, issuing false and misleading audit opinions on the companies’ annual... Read More

Going Public Lawyer

]]>
U3 Halt of SWK Holdings Explained by FINRA, and Lifted Quickly https://www.securitieslawyer101.com/2015/u3-halt-swk-holdings/ Sat, 19 Sep 2015 04:00:01 +0000 https://www.securitieslawyer101.com/?p=31991 Going Public Lawyer

We recently wrote about a bungled dividend distribution made by Calissio Resources Group, Inc. (CRGP) that resulted in the imposition of a U3 “extraordinary event” trading halt by the Financial Industry Regulatory Authority (“FINRA”).  The halt was lifted... Read More

Going Public Lawyer

]]>
What is FINRA Rule 6490? Going Public Lawyers https://www.securitieslawyer101.com/2015/finra-rule-6490-lawyers/ Fri, 18 Sep 2015 04:00:17 +0000 http://www.securitieslawyer101.com/?p=11533 Going Public Lawyer

Though FINRA’s principal mandate is to regulate broker-dealers, historically it has always exercised some oversight of the over-the-counter markets.  Part of that oversight involves processing corporate action requests from issuers of equity and debt securities not listed on national... Read More

Going Public Lawyer

]]>
FINRA’s Disclosure Requirements In EB-5 Offerings https://www.securitieslawyer101.com/2015/finras-disclosures-eb-5-offerings/ Wed, 16 Sep 2015 17:24:21 +0000 https://www.securitieslawyer101.com/?p=31986 Going Public Lawyer

FINRA Rule 2040 became effective late last month and has the potential to provide increased transparency in EB-5 Offerings. Rule 2040 requires broker-dealers who sell securities in EB-5 offerings to disclose finder’s fees paid to non-registered foreign persons and receive... Read More

Going Public Lawyer

]]>
Investor Alert – Messaging Apps & Pump and Dump Scams https://www.securitieslawyer101.com/2015/investor-alert-messaging-apps-pump-and-dump-scams/ Tue, 15 Sep 2015 14:00:50 +0000 https://www.securitieslawyer101.com/?p=31877 Going Public Lawyer

On September 2, 2015, the Financial Industry Regulatory Authority (FINRA) issued an investor alert warning about investor relations activity and stock promotions sent through popular messaging applications (Apps) such as WhatsApp. These messaging Apps allow users to almost... Read More

Going Public Lawyer

]]>
Bungled Calissio Resources Dividend Sparks FINRA Halt and Clearing Firm Lawsuit https://www.securitieslawyer101.com/2015/dividend-calissio-resources-finra-halt/ Mon, 14 Sep 2015 16:51:26 +0000 https://www.securitieslawyer101.com/?p=31895 Going Public Lawyer

For penny stock enthusiasts looking for a little late-summer entertainment, the issues surrounding an extremely large special dividend distributed by Calissio Resources Group, Inc. (CRGP) have proved to be of unusual interest.  On June 16, 2015, the company... Read More

Going Public Lawyer

]]>
MusclePharm Charged In SEC Investigation https://www.securitieslawyer101.com/2015/musclepharm-charged-in-sec-investigation/ Mon, 14 Sep 2015 15:00:17 +0000 https://www.securitieslawyer101.com/?p=31874 Going Public Lawyer

On September 8, 2015, the Securities and Exchange Commission (SEC) charged a sports supplements and nutrition company with committing a series of accounting and disclosure violations, including the failure to properly report perks provided to its executives as... Read More

Going Public Lawyer

]]>
Securities Lawyer 101 Blog By Brenda Hamilton Nominated https://www.securitieslawyer101.com/2015/securities-lawyer101-brenda-hamilton-blog/ Sun, 13 Sep 2015 01:33:48 +0000 https://www.securitieslawyer101.com/?p=31883 Going Public Lawyer

Our readers have spoken – Securities Lawyer 101 written by Brenda Hamilton, a securities and going public lawyer has been selected to compete in The Expert Institute’s Best Legal Blog Competition. From a field of more than 2,000 potential nominees,... Read More

Going Public Lawyer

]]>
SEC Charges Bankrate and Former Executives with Securities Fraud https://www.securitieslawyer101.com/2015/sec-charges-bankrate-and-former-executives-with-securities-fraud/ Fri, 11 Sep 2015 15:11:11 +0000 https://www.securitieslawyer101.com/?p=31863 Going Public Lawyer

On September 8, 2015, the Securities and Exchange Commission (“SEC”) announced that Bankrate Inc. has agreed to pay $15 million to settle accounting and securities fraud charges. Three former executives also are charged in the case that involves... Read More

Going Public Lawyer

]]>
SEC Brings Charges In Reverse Merger Scam – Going Public Attorneys https://www.securitieslawyer101.com/2015/sec-brings-charges-in-reverse-merger-scam-going-public-attorneys/ Thu, 10 Sep 2015 19:38:40 +0000 https://www.securitieslawyer101.com/?p=31880 Going Public Lawyer

On September 10, 2015, the Securities and Exchange Commission (SEC) announced fraud charges against a Wall Street CEO and his company, family members, and business associates accused of secretly obtaining control and manipulating the stock of Chinese companies... Read More

Going Public Lawyer

]]>
SEC Charges Ross Shapiro, Michael Gramis, and Tyler Peters With Fraud https://www.securitieslawyer101.com/2015/sec-charges-ross-shapiro-michael-gramis-and-tyler-peters-with-fraud/ Thu, 10 Sep 2015 14:00:46 +0000 https://www.securitieslawyer101.com/?p=31859 Going Public Lawyer

On September 9, 2015, the Securities and Exchange Commission (SEC) announced fraud charges against three traders accused of repeatedly lying to customers relying on them for honest and accurate pricing information about residential mortgage-backed securities (RMBS). The SEC... Read More

Going Public Lawyer

]]>
Regulation A+ DPO Attorneys – Going Public Attorneys https://www.securitieslawyer101.com/2015/regulation-a-dpo-attorneys/ Thu, 10 Sep 2015 13:13:29 +0000 https://www.securitieslawyer101.com/?p=31889 Going Public Lawyer

Most  private companies are unable to locate an underwriter prior to going public. Regulation A+ provides a new option for issuers seeking to raise capital without an underwriter. A direct public offering (“Direct Public Offering”) provides a viable... Read More

Going Public Lawyer

]]>
SEC Charges Manny Shulman and David Hirschman https://www.securitieslawyer101.com/2015/sec-charges-manny-shulman-and-david-hirschman-2/ Thu, 10 Sep 2015 13:03:35 +0000 https://www.securitieslawyer101.com/?p=31849 Going Public Lawyer

On September 3, 2015, the Securities and Exchange Commission (“SEC”) charged Manny J. Shulman and David Hirschman for their involvement in the fraudulent, unregistered sale of securities of Caribbean Pacific Marketing, Inc. (“Caribbean Pacific”), a now-defunct Florida corporation... Read More

Going Public Lawyer

]]>
When Private Placements Go Public – Going Public Attorneys https://www.securitieslawyer101.com/2015/raising-money-in-private-placements-under-rule-506b-rule-506c/ Wed, 09 Sep 2015 04:00:20 +0000 https://www.securitieslawyer101.com/?p=31828 Going Public Lawyer

Rule 506 of Regulation D of the Securities Act of 1933 (the “Securities Act”) provides for a private placement exemption from federal securities registration which is increasingly being used by companies seeking to raise capital prior to going public. While... Read More

Going Public Lawyer

]]>
SEC Halts Harrison Schumacher In California-Based Oil and Gas Investment Fraud https://www.securitieslawyer101.com/2015/sec-halts-harrison-schumacher-in-california-based-oil-and-gas-investment-fraud/ Sat, 05 Sep 2015 16:00:54 +0000 https://www.securitieslawyer101.com/?p=31825 Going Public Lawyer

On August 27th, 2015, the Securities and Exchange Commission (SEC) announced fraud charges and an emergency asset freeze to halt a California-based scheme involving purported investments in oil and gas projects. According to the SEC’s complaint filed under... Read More

Going Public Lawyer

]]>
SEC Charges Bank Analyst Ashish Aggarwal With Insider Trading https://www.securitieslawyer101.com/2015/sec-charges-bank-analyst-ashish-aggarwal-with-insider-trading/ Fri, 04 Sep 2015 15:00:30 +0000 https://www.securitieslawyer101.com/?p=31819 Going Public Lawyer

On August 25th, 2015, the Securities and Exchange Commission (SEC) charged a former investment bank analyst with illegally tipping his close friend with confidential information about clients involved in impending mergers and acquisitions of technology companies. The SEC... Read More

Going Public Lawyer

]]>
SEC Obtains Summary Judgment Against Xytos In Securities Fraud https://www.securitieslawyer101.com/2015/sec-obtains-summary-judgment-against-xytos-in-securities-fraud/ Thu, 03 Sep 2015 12:00:48 +0000 https://www.securitieslawyer101.com/?p=31816 Going Public Lawyer

  The Securities and Exchange Commission (SEC) announced that on August 24th, 2015, the Honorable Sarah Evans Barker of the United States District Court for the Southern District of Indiana granted the SEC’s motion for summary judgment against... Read More

Going Public Lawyer

]]>
SEC Announces Asset Freeze In EB-5 Offering Scheme https://www.securitieslawyer101.com/2015/asset-freeze-eb-5-offering/ Tue, 01 Sep 2015 17:05:05 +0000 https://www.securitieslawyer101.com/?p=31810 Going Public Lawyer

On August 25, 2015, the Securities and Exchange Commission (SEC) announced an asset freeze obtained against a man in Bellevue, Wash., accused of defrauding Chinese investors seeking U.S. residency through the EB-5 Immigrant Investor Pilot Program by investing... Read More

Going Public Lawyer

]]>
What is a Penny Stock Email Campaign ? https://www.securitieslawyer101.com/2015/penny-stock-email-campaign/ Thu, 27 Aug 2015 04:00:46 +0000 http://www.securitieslawyer101.com/?p=23521 Going Public Lawyer

In our digital age, sensible people know they should be wary of unsolicited financial advice, but there are still many who can’t resist the allure of the “guaranteed profits” that will be generated by a “once in a... Read More

Going Public Lawyer

]]>
SEC Charges Vincente Garcia Under FCPA https://www.securitieslawyer101.com/2015/fcpa-attorneys/ Tue, 25 Aug 2015 21:41:43 +0000 https://www.securitieslawyer101.com/?p=31798 Going Public Lawyer

On August 12, the Securities and Exchange Commission (SEC) announced that a former executive at a worldwide software manufacturer has agreed to settle charges that he violated the Foreign Corrupt Practices Act (FCPA) by bribing Panamanian government officials... Read More

Going Public Lawyer

]]>
SEC Charges Microcap Stock Promoters https://www.securitieslawyer101.com/2015/microcap-stock-promoters/ Tue, 25 Aug 2015 04:00:46 +0000 https://www.securitieslawyer101.com/?p=31804 Going Public Lawyer

Last month, the Securities & Exchange Commission (SEC) charged a trio of alleged microcap stock promoters with defrauding investors by disseminating promotional investor relations e-mails and newsletters exhorting readers to immediately buy purportedly hot stocks so they could... Read More

Going Public Lawyer

]]>
Regulation D and PPM Lawyers – Going Public https://www.securitieslawyer101.com/2015/regulation-d-ppm-lawyers/ Mon, 24 Aug 2015 14:22:08 +0000 https://www.securitieslawyer101.com/?p=31789 Going Public Lawyer

A private placement memorandum (“PPM”) is also referred to as a confidential offering circular or memorandum.  PPM’s are used by private companies  in going public transactions and by existing public companies to raise capital by selling either debt... Read More

Going Public Lawyer

]]>
Signator Investors Settles SEC Charges https://www.securitieslawyer101.com/2015/signator-investors/ Sat, 22 Aug 2015 21:39:26 +0000 https://www.securitieslawyer101.com/?p=31796 Going Public Lawyer

On August 13, 2015, the Securities & Exchange Commission (SEC) announced that three Maryland men have agreed to settle charges that they defrauded investors in a company that owns and operates residential and commercial real estate.  Boston-based Signator... Read More

Going Public Lawyer

]]>
What Are Fiduciary Duties? Going Public Attorneys https://www.securitieslawyer101.com/2015/fiduciary-duty-going-public/ Tue, 18 Aug 2015 13:01:16 +0000 https://www.securitieslawyer101.com/?p=31778 Going Public Lawyer

A fiduciary duty exists where trust and confidence is placed in another. Fiduciary duties arise in many different contexts in securities matters and the going public process. Fiduciary duties also arise from a written agreement that authorizes another... Read More

Going Public Lawyer

]]>
Aegis Capital Corporation fined $950,000 By FINRA https://www.securitieslawyer101.com/2015/aegis-capital-corporation-fined-950000-by-finra/ Mon, 17 Aug 2015 13:00:20 +0000 https://www.securitieslawyer101.com/?p=31775 Going Public Lawyer

Aegis Capital Corporation has been fined $950,000 by the Financial Industry Regulatory Authority over allegations of improper sales of unregistered penny stocks of five issuers and anti-money laundering supervisory failures. As a result, Aegis is also required to... Read More

Going Public Lawyer

]]>
Regulation A+ Lawyers & Going Public Attorneys https://www.securitieslawyer101.com/2015/regulation-a-lawyers-going-public/ Sun, 16 Aug 2015 18:54:24 +0000 http://www.securitieslawyer101.com/seclaw101dev/?p=14200 Going Public Lawyer

Regulation A+ is designed to facilitate smaller companies’ access to capital by providing an alternative to direct public offerings/DPO’s and initial public offerings/IPO’s.  Regulation A+’s new rules provide investors with more investment choices and issuers with more capital raising options during... Read More

Going Public Lawyer

]]>
Going Public Shareholder Requirements l Going Public Lawyers https://www.securitieslawyer101.com/2015/shareholder-requirements-going-public-lawyers/ Sat, 15 Aug 2015 20:11:47 +0000 http://www.securitieslawyer101.com/?p=9927 Going Public Lawyer

The going public process involves a number of steps that vary depending on the characteristics of the private company wishing to go public, and whether it will become a Securities and Exchange Commission (“SEC”) reporting company. All companies seeking... Read More

Going Public Lawyer

]]>
Disclosure Obligations in Regulation A+ Offerings https://www.securitieslawyer101.com/2015/disclosure-in-regulation-a-offerings/ Fri, 14 Aug 2015 16:03:24 +0000 https://www.securitieslawyer101.com/?p=31756 Going Public Lawyer

The Anti-Fraud Provisions And  Regulation A+  On March 25, 2015, the Securities and Exchange Commission adopted final rules amending Regulation A. The new rules are often referred to as Regulation A+. These rules are designed to facilitate smaller companies’ access to... Read More

Going Public Lawyer

]]>
What In The World Is A Security? Going Public Lawyers https://www.securitieslawyer101.com/2015/what-is-a-security-going-public/ Fri, 14 Aug 2015 14:19:40 +0000 https://www.securitieslawyer101.com/?p=31749 Going Public Lawyer

A company going public must understand which capital raising methods involve a “security”. A company is only subject to federal and state securities laws if it is selling what is defined as a “security.”  If you are selling stock... Read More

Going Public Lawyer

]]>
SEC Charges Phillip Kueber – Going Public Attorneys https://www.securitieslawyer101.com/2015/cynk-phillip-keuber/ Sun, 02 Aug 2015 14:01:31 +0000 https://www.securitieslawyer101.com/?p=31738 Going Public Lawyer

On July 31, 2015, the Securities and Exchange Commission (the “SEC”) announced it had charged Phillip Kueber, Canadian citizen with conducting a scheme to conceal his control and ownership of penny stock, Cynk Technology Corp.  On July 11,... Read More

Going Public Lawyer

]]>
Securities Law & Going Public Attorneys https://www.securitieslawyer101.com/2015/going-public/ Sat, 01 Aug 2015 13:23:36 +0000 http://www.securitieslawyer101.com/?p=15760 Going Public Lawyer

  Going public is a big step for any company.  The process of “going public” is complex and at times precarious.  While going public offers many benefits it also comes with risks and quantities of regulations with which... Read More

Going Public Lawyer

]]>
Regulation A+ Lawyers – Sponsoring Market Maker Attys https://www.securitieslawyer101.com/2015/regulation-a-lawyers/ Fri, 24 Jul 2015 13:18:12 +0000 https://www.securitieslawyer101.com/?p=31687 Going Public Lawyer

  Do I Need A Sponsoring Market Maker To Get A Ticker After My Regulation A+ Offering Is Qualified? Regulation A+’s new rules provide investors with more investment choices and issuers with more capital raising options during their going public... Read More

Going Public Lawyer

]]>
Oppenheimer Employees Settle Penny Stock Charges https://www.securitieslawyer101.com/2015/oppenheimer-penny-stock-sec-charges/ Thu, 23 Jul 2015 20:48:20 +0000 https://www.securitieslawyer101.com/?p=31679 Going Public Lawyer

On July 23, 2015, the Securities and Exchange Commission (SEC) announced that three former employees of Oppenheimer & Co. Inc. have agreed to settle charges stemming from the unregistered sales of billions of shares of penny stocks on behalf... Read More

Going Public Lawyer

]]>
Regulation A+ Primer – Going Public Attorneys https://www.securitieslawyer101.com/2015/regulation-a-going-public-attorneys/ Wed, 22 Jul 2015 10:25:02 +0000 https://www.securitieslawyer101.com/?p=27985 Going Public Lawyer

On March 25, 2015, the Securities and Exchange Commission adopted final rules amending Regulation A. The new rules are often referred to as Regulation A+. These rules are designed to facilitate smaller companies’ access to capital.  Regulation A+’s new rules provide investors... Read More

Going Public Lawyer

]]>
Regulation A+ Attorneys – Avoid Reverse Mergers https://www.securitieslawyer101.com/2015/regulation-a-ipo-alternative/ Wed, 22 Jul 2015 04:00:18 +0000 https://www.securitieslawyer101.com/?p=31661 Going Public Lawyer

How To Use Regulation A+ To Go Public Without A Reverse Merger On March 25, 2015, the Securities and Exchange Commission (the “SEC”) adopted amendments to Regulation A pursuant to the mandate of Section 401(a) of the JOBS Act.  The amended rules known as Amended... Read More

Going Public Lawyer

]]>
Regulation A+ Adds Two New Bad Actor Disqualification Triggers https://www.securitieslawyer101.com/2015/regulation-a-bad-actor/ Tue, 21 Jul 2015 04:00:35 +0000 https://www.securitieslawyer101.com/?p=28008 Going Public Lawyer

The final Regulation A+ rules amend Rule 262 to include bad actor disqualification provisions as adopted under Rule 506(d) of Regulation D.  Consistent with the disqualification provisions of Rule 506(d), the final rules add two additional disqualification triggers... Read More

Going Public Lawyer

]]>
What are SEC Comments? Going Public Attorneys https://www.securitieslawyer101.com/2015/sec-comments/ Tue, 21 Jul 2015 04:00:29 +0000 http://www.securitieslawyer101.com/?p=6313 Going Public Lawyer

Securities offerings are regulated by the Securities Act of 1933, as amended, (the “Securities Act”).  Section 5 of the Securities Act requires that securities offerings be registered with the Securities and Exchange Commission (the “SEC”) or be exempt... Read More

Going Public Lawyer

]]>
SEC Halts Ponzi Scheme Targeting Spanish and Portuguese Communities https://www.securitieslawyer101.com/2015/sec-halts-ponzi-scheme-targeting-spanish-and-portuguese-communities/ Sun, 19 Jul 2015 14:32:19 +0000 https://www.securitieslawyer101.com/?p=31633 Going Public Lawyer

On June 30, 2015, the Securities and Exchange Commission (SEC) announced securities fraud charges and an asset freeze against the operators of a pyramid and Ponzi scheme falsely promising a gold mine of investment opportunity to investors in... Read More

Going Public Lawyer

]]>
Tweeting Your Regulation A+ Offering – Going Public Attorneys https://www.securitieslawyer101.com/2015/tweeting-regulation-a-offerings/ Sun, 19 Jul 2015 13:47:09 +0000 https://www.securitieslawyer101.com/?p=31644 Going Public Lawyer

SEC Provides Guidance For Twitter In Regulation A+ Offerings- Testing the Waters On June 19, 2015, new rules expanding Regulation A became effective.  The expanded rules are commonly known as Regulation A+. The new rules which were promulgated... Read More

Going Public Lawyer

]]>
A Tale of Two Stings: Amogear and CitySide https://www.securitieslawyer101.com/2015/tale-of-two-shells-amogear-cityside/ Thu, 16 Jul 2015 04:00:52 +0000 https://www.securitieslawyer101.com/?p=31495 Going Public Lawyer

Down the Rabbit Hole We Go Last year, the Securities and Exchange Commission and the U.S. Attorney for the District of Massachusetts charged against five individuals whose attempt to manipulate shares of Amogear Inc. was caught in an... Read More

Going Public Lawyer

]]>
Regulation A CD&I Released- Going Public Attorneys https://www.securitieslawyer101.com/2015/regulation-a-cdi/ Wed, 15 Jul 2015 04:00:05 +0000 https://www.securitieslawyer101.com/?p=31597 Going Public Lawyer

On June 19, 2015, new rules expanding Regulation A became effective.  The expanded rule is commonly known as Regulation A+. The new rule which was promulgated under the Jumpstart Our Business Startups Act (JOBS Act), permits certain small companies... Read More

Going Public Lawyer

]]>
Harold BJ Gallison & Others Indicted – Securities Lawyer 101 https://www.securitieslawyer101.com/2015/harold-bj-gallison-indicted/ Tue, 14 Jul 2015 18:15:26 +0000 https://www.securitieslawyer101.com/?p=31620 Going Public Lawyer

On July 14,2015,  the United States Eastern District of Virginia charged Harold Bailey Gallison aka BJ Gallison, aka Bart Williams (“Gallison”), Michael Randles (“Randles”), Ann Marie Hiskey (“Hiskey”), Roger Coleman (“Coleman”), Carl Kruse Sr. (“Kruse Sr.”), Carl Kruse Jr.... Read More

Going Public Lawyer

]]>
SEC Suspends Smart Ventures, Inc. (SMVR) https://www.securitieslawyer101.com/2015/smvr-suspended/ Tue, 14 Jul 2015 16:41:33 +0000 https://www.securitieslawyer101.com/?p=31614 Going Public Lawyer

On July 14, 2015, the Securities and Exchange Commission (SEC) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading of the securities of Smart Ventures, Inc. (“Smart... Read More

Going Public Lawyer

]]>
Trader Who Ate Post-It Notes Settles Insider Trading Case https://www.securitieslawyer101.com/2015/trader-post-it-notes-insider-trading-case/ Tue, 14 Jul 2015 13:05:33 +0000 https://www.securitieslawyer101.com/?p=31607 Going Public Lawyer

On July 13, 2015, the Securities and Exchange Commission (SEC) announced a settlement with Frank Tamayo in connection with his SEC cooperation agreement in an insider trading case.  In that case, illegal stock tips were passed on post-it... Read More

Going Public Lawyer

]]>
Regulation A+ Tier 2 Reporting Obigations – Going Public Lawyer https://www.securitieslawyer101.com/2015/sec-reporting-regulation-a/ Mon, 13 Jul 2015 04:00:59 +0000 https://www.securitieslawyer101.com/?p=28619 Going Public Lawyer

Regulation A+’s new rules provide investors with more investment choices and issuers with more capital raising options during their going public transactions. The rules adopting Regulation A+ are mandated by Title IV of the Jumpstart Our Business Startups (JOBS) Act. Regulation... Read More

Going Public Lawyer

]]>
Regulation A+ Pointers For Going Public https://www.securitieslawyer101.com/2015/regulation-a-pointers-for-going-public/ Mon, 13 Jul 2015 00:21:42 +0000 https://www.securitieslawyer101.com/?p=31585 Going Public Lawyer

More issuers going public are opting for a direct public offering using Regulation A+. The new rule provides many benefits for small companies seeking to raise capital without the costs of a traditional initial public offering (IPO) or reverse merger transaction.  Direct... Read More

Going Public Lawyer

]]>
Illinois Court Orders Production of Documents By Navistar in SEC Investigation https://www.securitieslawyer101.com/2015/illinois-court-orders-production-of-documents-by-navistar-in-sec-investigation/ Sun, 12 Jul 2015 15:00:21 +0000 https://www.securitieslawyer101.com/?p=31567 Going Public Lawyer

  On June 30, 2015, United States Magistrate Judge Sidney I. Schenkier issued an order requiring production of certain documents that Navistar International Corporation (Navistar) claimed to be privileged in response to investigative subpoenas issued by the Securities... Read More

Going Public Lawyer

]]>
SEC Charges Former Stockbroker with Conducting Ponzi Scheme https://www.securitieslawyer101.com/2015/sec-charges-former-stockbroker-with-conducting-ponzi-scheme/ Sat, 11 Jul 2015 14:00:48 +0000 https://www.securitieslawyer101.com/?p=31563 Going Public Lawyer

On July 1, 2015, the Securities and Exchange Commission (SEC) charged a former stockbroker in Pennsylvania with conducting a Ponzi scheme and stealing investor money to purchase a condominium in Florida, funding his own vacations and other personal expenses.... Read More

Going Public Lawyer

]]>
Form 10 vs Form 8-A Registration Statements https://www.securitieslawyer101.com/2015/form-10-vs-8-a-registration-statements/ Fri, 10 Jul 2015 14:39:56 +0000 https://www.securitieslawyer101.com/?p=31554 Going Public Lawyer

Simultaneously or subsequent to the effectiveness of a registration statement under the Securities Act of 1933, as amended (the “Securities Act”) for an initial public offering (IPO) or direct public offering (DPO), issuers can file a registration statement under the... Read More

Going Public Lawyer

]]>
Regulation A+ Q & A – Regulation A+ Lawyers https://www.securitieslawyer101.com/2015/regulation-a-q-a-securities-lawyers/ Fri, 10 Jul 2015 14:22:27 +0000 https://www.securitieslawyer101.com/?p=31553 Going Public Lawyer

Regulation A+ Lawyers Explain Regulation A+ With Q&A Series Regulation A+ expands existing Regulation A. Existing Regulation A provides an existing exemption from registration for smaller issuers of securities. Regulation A+ offerings can be used in combination with... Read More

Going Public Lawyer

]]>
SEC Charges Participants In EB-5 Offering Scheme https://www.securitieslawyer101.com/2015/sec-charges-participants-in-eb-5-offering-scheme/ Fri, 10 Jul 2015 14:00:05 +0000 https://www.securitieslawyer101.com/?p=31547 Going Public Lawyer

On July 6, 2015, the Securities and Exchange Commission (SEC) charged individuals in connection with an EB-5 offering program. According to the SEC complaint, Bingqing Yang and Luca International Group operated a $68 million Ponzi scheme and affinity... Read More

Going Public Lawyer

]]>
SEC Action: Silverleaf Financial and Dwight Shane Baldwin Charged https://www.securitieslawyer101.com/2015/sec-action-silverleaf-financial-and-dwight-shane-baldwin-charged/ Thu, 09 Jul 2015 14:00:54 +0000 https://www.securitieslawyer101.com/?p=31543 Going Public Lawyer

  On June 25, 2015, the Securities and Exchange Commission (SEC) filed a civil injunctive action against Silverleaf Financial, LLC and its sole principal Dwight Shane Baldwin in connection with an alleged fraudulent offering. The SEC action alleges... Read More

Going Public Lawyer

]]>
Neal Goyal Sentenced to Six Years For Ponzi Scheme https://www.securitieslawyer101.com/2015/neal-goyal-sentenced-to-six-years-for-ponzi-scheme/ Wed, 08 Jul 2015 19:52:28 +0000 https://www.securitieslawyer101.com/?p=31535 Going Public Lawyer

  On July 3, 2015, former investment fund manager, Neal Goyal was sentenced to six years in prison for his role in a Ponzi scheme. In addition, Goyal was ordered to pay more than $9.2 million in restitution... Read More

Going Public Lawyer

]]>
From Congress To The SEC: Get Moving On Crowdfunding https://www.securitieslawyer101.com/2015/from-congress-to-the-sec-get-moving-on-crowdfunding/ Wed, 01 Jul 2015 19:34:24 +0000 https://www.securitieslawyer101.com/?p=31529 Going Public Lawyer

  The JOBS Act was signed into law in April 2012. As its full name—the Jumpstart Our Business Startups Act—suggests, its purpose was to provide new, uncomplicated, and inexpensive ways for small companies to raise money. One of... Read More

Going Public Lawyer

]]>
Regulation A+ Forms Published- Securities Lawyer 101 https://www.securitieslawyer101.com/2015/regulation-a-forms/ Tue, 23 Jun 2015 17:46:36 +0000 https://www.securitieslawyer101.com/?p=31514 Going Public Lawyer

  On June 19, 2015, Regulation A+ became effective.  The new rule imposes certain filing requirements with the Securities and Exchange Commission (SEC). Regulation A+ requires certain offering information be reported on Form 1-Z and it imposes ongoing... Read More

Going Public Lawyer

]]>
Golfer Convicted of Securities Fraud – Going Public Attorney https://www.securitieslawyer101.com/2015/securities-fraud-golfers/ Wed, 17 Jun 2015 17:36:14 +0000 https://www.securitieslawyer101.com/?p=31483 Going Public Lawyer

  On June 17, 20-15, a federal jury convicted amateur golfer, Eric McPhail and Douglas Parigian. McPhail was convicted of conspiracy and securities fraud for his role in an insider trading ring that traded on inside information about... Read More

Going Public Lawyer

]]>
Going Public – Regulation A+ – IPO Alternative https://www.securitieslawyer101.com/2015/going-public-regulation-a-ipo-alternative/ Tue, 16 Jun 2015 13:03:00 +0000 https://www.securitieslawyer101.com/?p=31474 Going Public Lawyer

Regulation A+ is designed to facilitate smaller companies’ access to capital by providing an alternative to direct public offerings/DPO’s and initial public offerings/IPO’s.  Regulation A+’s new rules provide investors with more investment choices and issuers with more capital raising options during... Read More

Going Public Lawyer

]]>
Exchange Act Registration & Going Public For Foreign Issuers https://www.securitieslawyer101.com/2015/exchange-act-registration-going-public-foreign-issuers/ Sun, 14 Jun 2015 04:00:31 +0000 https://www.securitieslawyer101.com/?p=26746 Going Public Lawyer

Foreign companies going public in the United States must file a registration statement covering a class of securities pursuant to the Securities Exchange Act of 1934, as amended (“Exchange Act”) if the class of securities will be listed... Read More

Going Public Lawyer

]]>
The Laws That Apply To Going Public & Being Public https://www.securitieslawyer101.com/2015/going-public-law/ Sat, 13 Jun 2015 04:00:57 +0000 http://www.securitieslawyer101.com/?p=9071 Going Public Lawyer

The first laws that apply to going public transactions are contained in the Securities Act of 1933 (the “Securities Act”). The Securities Act was followed by the Securities Exchange Act of 1934 (the “Exchange Act”). Going Public attorneys must... Read More

Going Public Lawyer

]]>
When Can Public Companies Use Social Media? Going Public Lawyers https://www.securitieslawyer101.com/2015/sec-says-social-media/ Sat, 13 Jun 2015 04:00:30 +0000 http://www.securitieslawyer101.com/?p=5893 Going Public Lawyer

Securities Lawyer 101 Blog The use of social media is a growing concern with new exemptions that allow issuers to engage in general solicitation and advertising of their unregistered offerings. The Securities and Exchange Commission has made its position on... Read More

Going Public Lawyer

]]>
Going Public: Pros and Cons- Going Public Lawyers https://www.securitieslawyer101.com/2015/going-public-lawyer-insights/ Sat, 13 Jun 2015 04:00:06 +0000 http://www.securitieslawyer101.com/?p=19164 Going Public Lawyer

A Going Public Lawyer is an important part of the overall going public process.   A Going Public Lawyer in the beginning of the process assists the issuer in structuring its transaction the most time and cost effective... Read More

Going Public Lawyer

]]>
Going Public Attorneys & Drafting Disclosures https://www.securitieslawyer101.com/2015/going-public-attorneys-disclosure/ Fri, 12 Jun 2015 21:03:47 +0000 https://www.securitieslawyer101.com/?p=31232 Going Public Lawyer

A going public attorney is one of the most important participants in the going public process.  The going public attorneys at Hamilton & Associates Law Group have provided private companies with their going public solutions for over ten years. A skilled going public attorney can design... Read More

Going Public Lawyer

]]>
Going Public Lawyer- DPO Attorney- Brenda Hamilton https://www.securitieslawyer101.com/2015/going-public-lawyer-dpo-attorney-brenda-hamilton/ Fri, 12 Jun 2015 20:22:16 +0000 https://www.securitieslawyer101.com/?p=31226 Going Public Lawyer

Going public transactions can be structured numerous ways. The going public process is a complicated & intricate procedure, and it is important to have an experienced securities attorney to help your company navigate through the process and deal with the Securities... Read More

Going Public Lawyer

]]>
Nicholas Lattanzio Charged in Hedge Fund Fraud https://www.securitieslawyer101.com/2015/nicholas-lattanzio-charged-in-hedge-fund-fraud/ Fri, 12 Jun 2015 15:09:19 +0000 https://www.securitieslawyer101.com/?p=31219 Going Public Lawyer

On June 10, 2015, the Securities and Exchange Commission announced that it had charged Nicholas Lattanzio, the manager of Black Diamond Capital Appreciation Fund for falsely promising small businesses that he would arrange project financing for them and... Read More

Going Public Lawyer

]]>
OTC Markets Prepares For Regulation A+ – Going Public https://www.securitieslawyer101.com/2015/otc-markets-regulation-a-going-public/ Fri, 12 Jun 2015 12:29:12 +0000 https://www.securitieslawyer101.com/?p=31203 Going Public Lawyer

On March 25, 2015, the Securities and Exchange Commission (“SEC”) adopted amendments to Regulation A. The new rules, known as “Regulation A+,” update and expand the existing Regulation A, and are mandated by Title IV of the Jumpstart Our... Read More

Going Public Lawyer

]]>
The SEC’s Pay Versus Performance Proposals https://www.securitieslawyer101.com/2015/the-secs-pay-versus-performance-proposals/ Thu, 11 Jun 2015 14:45:58 +0000 https://www.securitieslawyer101.com/?p=31193 Going Public Lawyer

The proposals require SEC reporting companies to disclose the relationship between compensation “actually paid” to their named executive officers and the company’s financial performance, measured as total shareholder return (TSR). The proposed disclosure would consist of a table... Read More

Going Public Lawyer

]]>
Can Regulation A+ Be Used For a Shelf Offering? https://www.securitieslawyer101.com/2015/regulation-a-shelf-offering/ Thu, 11 Jun 2015 04:00:55 +0000 https://www.securitieslawyer101.com/?p=29490 Going Public Lawyer

Amended Regulation A or Regulation A+ allows issuers to conduct continuous or delayed offerings under pursuant to Rule 251(d)(3). Continuous or delayed offerings are also known as shelf offerings. Shelf offerings are often used in going public transactions... Read More

Going Public Lawyer

]]>
Will My Regulation A Offering Be Integrated? https://www.securitieslawyer101.com/2015/regulation-a-offering-integration/ Wed, 10 Jun 2015 18:45:57 +0000 https://www.securitieslawyer101.com/?p=29534 Going Public Lawyer

The Regulation A offering integration rules prevent companies from improperly avoiding registration by dividing a single securities offering into multiple securities offerings to take advantage of Securities Act exemptions that would not be available for the combined offering. Recently... Read More

Going Public Lawyer

]]>
Who Can Conduct A Regulation A+ Offering? Going Public https://www.securitieslawyer101.com/2015/a-regulation-a-offering/ Tue, 09 Jun 2015 12:24:59 +0000 https://www.securitieslawyer101.com/?p=28593 Going Public Lawyer

On March 25, 2015, the Securities and Exchange Commission (“SEC”) adopted amendments to Regulation A known as Regulation A+. Regulation A+ was adopted to facilitate capital-raising by smaller companies. Regulation A+ offerings cannot be undertaken by all companies or used... Read More

Going Public Lawyer

]]>
Raising Capital: Equity Offerings v. Debt Offerings https://www.securitieslawyer101.com/2015/raising-capital-equity-offerings-v-debt-offerings/ Mon, 08 Jun 2015 14:00:17 +0000 https://www.securitieslawyer101.com/?p=31139 Going Public Lawyer

  Both private and public companies seeking to raise capital by selling securities, do so by offering either debt or equity securities to investors. Companies can also offer a combination of debt and equity through the sale of units... Read More

Going Public Lawyer

]]>
States Challenge Regulation A+ – Securities Offerings https://www.securitieslawyer101.com/2015/regulation-a-challenged/ Mon, 08 Jun 2015 11:59:56 +0000 https://www.securitieslawyer101.com/?p=31149 Going Public Lawyer

The recent amendments to Regulation A (often called Regulation A+) provide a manageable exemption for raising capital. The exemption can be used by both private and non-reporting trading companies such as OTC Pink listed issuers. Regulation A provides two... Read More

Going Public Lawyer

]]>
Why Stay Private? The Assault On Small Business https://www.securitieslawyer101.com/2015/small-business/ Sun, 07 Jun 2015 04:00:58 +0000 https://www.securitieslawyer101.com/?p=31085 Going Public Lawyer

For many, the American Dream is about having the opportunity to create and own a business. Small businesses, often described as the backbone of our economy, employ one out of two workers in the United States. Once established,... Read More

Going Public Lawyer

]]>
SEC Freezes Profits From Avon Stock Manipulation Scheme https://www.securitieslawyer101.com/2015/avon-stock-manipulation/ Fri, 05 Jun 2015 19:14:12 +0000 https://www.securitieslawyer101.com/?p=31133 Going Public Lawyer

On June 4, 2015, the Securities and Exchange Commission (SEC) announced an emergency asset freeze of two U.S. brokerage accounts connected to schemes to manipulate the securities of Avon and other stocks, thwarting any ability for fraudsters to cash... Read More

Going Public Lawyer

]]>
What is a Reverse Stock Split? Securities Lawyer 101 https://www.securitieslawyer101.com/2015/reverse-stock-split/ Fri, 05 Jun 2015 04:00:19 +0000 http://www.securitieslawyer101.com/?p=4146 Going Public Lawyer

Securities Lawyer 101 Blog Reverse stock splits are often used by public companies to reduce the amount of securities outstanding.  Reverse splits are also be used by private companies in corporate restructurings.  Typically in a reverse split, a... Read More

Going Public Lawyer

]]>
BrokerCheck Announces PR Campaign https://www.securitieslawyer101.com/2015/finra-brokercheck/ Thu, 04 Jun 2015 16:24:55 +0000 https://www.securitieslawyer101.com/?p=31056 Going Public Lawyer

On June 1, 2015, the Financial Industry Regulatory Authority (FINRA) announced that it had launched a campaign promoting BrokerCheck (brokercheck.finra.org). BrokerCheck allows investors to access information about a broker’s employment history, certifications and licenses, as well as regulatory... Read More

Going Public Lawyer

]]>
Retired Teachers Scammed In Ponzi Scheme https://www.securitieslawyer101.com/2015/ponzi-scheme-teachers/ Thu, 04 Jun 2015 04:00:00 +0000 https://www.securitieslawyer101.com/?p=31067 Going Public Lawyer

On June 1, 2014, the Securities and Exchange Commission (SEC) announced it had brought charges in a Ponzi Scheme. According to the SEC Charges, the scheme was orchestrated by an investment adviser who took siphoned money from his investment fund and... Read More

Going Public Lawyer

]]>
SEC Charges Four With Insider Trading Ahead of Secondary Offerings https://www.securitieslawyer101.com/2015/sec-charges-insider-trading/ Thu, 04 Jun 2015 04:00:00 +0000 https://www.securitieslawyer101.com/?p=31063 Going Public Lawyer

On June 3, 2015, the Securities and Exchange Commission announced insider trading charges against four individuals stealing confidential information from investment banks and their public company clients in order to trade in advance of secondary stock offerings.  The... Read More

Going Public Lawyer

]]>
Boiler Rooms Booming In 2015 https://www.securitieslawyer101.com/2015/boiler-rooms/ Wed, 03 Jun 2015 21:53:13 +0000 https://www.securitieslawyer101.com/?p=31069 Going Public Lawyer

Over the past few weeks, we have had multiple requests from investors to review information they received after calls from boiler room sales persons. No doubt the increase in phone rooms has resulted from Rule 506(c) which allows... Read More

Going Public Lawyer

]]>
Securities And Exchange Commission Announces Agenda https://www.securitieslawyer101.com/2015/securities-and-exchange-commission-agenda/ Mon, 01 Jun 2015 18:24:23 +0000 https://www.securitieslawyer101.com/?p=31060 Going Public Lawyer

On May 28, 2014, the Securities and Exchange Commission released the agenda for its Advisory Committee on Small and Emerging Companies meeting which is scheduled for June 3. The SEC’s meeting will focus on public company disclosure effectiveness, intrastate... Read More

Going Public Lawyer

]]>
SEC Inquiries and Investigations https://www.securitieslawyer101.com/2015/sec-inquiries-investigations/ Mon, 25 May 2015 04:00:38 +0000 http://www.securitieslawyer101.com/?p=6785 Going Public Lawyer

The SEC’s Enforcement Division conducts investigations pursuant to formal Orders of Investigation that authorize the staff of the Enforcement Division to seek the production of relevant information, either in the form of documents or witness testimony.  Although the SEC... Read More

Going Public Lawyer

]]>
Receiver Appointed in North Dakota Developments Ponzi Scheme https://www.securitieslawyer101.com/2015/receiver-north-dakota-developments-ponzi-scheme/ Tue, 19 May 2015 12:23:24 +0000 https://www.securitieslawyer101.com/?p=30458 Going Public Lawyer

We’ve so far written twice about North Dakota Developments (“NDD”), a real estate Ponzi scheme operated by Daniel J. Hogan and Robert L. Gavin.  In the course of the scam, Gavin and Hogan, who are United Kingdom citizens,... Read More

Going Public Lawyer

]]>
Do I Have To Amend My Form D? Going Public Attorneys https://www.securitieslawyer101.com/2015/amend-form-d/ Tue, 19 May 2015 04:49:49 +0000 https://www.securitieslawyer101.com/?p=30134 Going Public Lawyer

When a company decides to raise money in a Regulation D offering as part of its going public transaction, it must file a Form D – Notice of Sales with the Securities and Exchange Commission Rule 504, 505... Read More

Going Public Lawyer

]]>
Douglas Parigian Pleads Guilty in Amateur Golfers Scheme https://www.securitieslawyer101.com/2015/douglas-parigian/ Mon, 18 May 2015 19:03:14 +0000 https://www.securitieslawyer101.com/?p=30285 Going Public Lawyer

On May 13, 2015, the Securities and Exchange Commission (SEC”) announced that Douglas Parigian pled guilty to criminal charges of conspiracy and securities fraud for his role in an insider trading ring involving trading in the stock of American... Read More

Going Public Lawyer

]]>
EDGAR Prepares For Regulation A+ – Going Public Attorneys https://www.securitieslawyer101.com/2015/regulation-a-edgar/ Mon, 18 May 2015 04:00:53 +0000 https://www.securitieslawyer101.com/?p=29471 Going Public Lawyer

The SEC’s EDGAR system is being updated to prepare for Regulation A+. On April 23, 2015, the SEC adopted changes to Volume I and Volume II of the EDGAR Filer Manual. Revisions include: The revisions to the SEC’s EDGAR filer manual reflect... Read More

Going Public Lawyer

]]>
SEC Says North Dakota Developments Is A Ponzi Scheme https://www.securitieslawyer101.com/2015/north-dakota-developments/ Mon, 18 May 2015 04:00:08 +0000 https://www.securitieslawyer101.com/?p=28848 Going Public Lawyer

On May 5, 2015, the Securities and Exchange Commission (“SEC”) obtained a temporary restraining order against North Dakota Developments, LLC (“NDD”), Robert L. Gavin and Daniel J. Hogan in connection with an elaborate real estate development Ponzi scheme... Read More

Going Public Lawyer

]]>
What Is DTC Eligibility? Going Public Attorneys https://www.securitieslawyer101.com/2015/dtc-eligibility-going-public-attorneys-2/ Sun, 17 May 2015 20:35:49 +0000 https://www.securitieslawyer101.com/?p=29754 Going Public Lawyer

DTC’s eligibility creates liquidity for companies after a going public transaction. DTC’s Issue Eligibility program allows newly issued securities as well as secondary offerings that meet DTC’s eligibility criteria to become eligible for the depository and book-entry services... Read More

Going Public Lawyer

]]>
Morgan Stanley Fined $2 Million for Short Sale & Short Interest Reporting https://www.securitieslawyer101.com/2015/morgan-stanley-short-sale-short/ Sun, 17 May 2015 16:08:25 +0000 https://www.securitieslawyer101.com/?p=29419 Going Public Lawyer

On May 3, 2015, The Financial Industry Regulatory Authority (FINRA) announced it has fined Morgan Stanley & Co. $2 million for short sale and short interest reporting and rule violations that spanned a period of more than six years,... Read More

Going Public Lawyer

]]>
SEC Halts Advance Fee Scam Targeting Home Building Industry https://www.securitieslawyer101.com/2015/advance-fee-scam/ Sat, 16 May 2015 15:45:56 +0000 https://www.securitieslawyer101.com/?p=29402 Going Public Lawyer

On May 15, 2015, the Securities and Exchange Commission (SEC) announced charges and an emergency asset freeze in an alleged advance fee scam involving bogus prime bank instruments. The SEC complaint was filed on  May 11, 2015, in... Read More

Going Public Lawyer

]]>
Steven Palladino Pleads Guilty to Criminal Contempt for Violating SEC Orders https://www.securitieslawyer101.com/2015/steven-palladino-criminal-contempt-sec-orders/ Fri, 15 May 2015 15:45:52 +0000 https://www.securitieslawyer101.com/?p=29395 Going Public Lawyer

On May 14, 2015, the Securities and Exchange Commission (SEC) announced that, Steven Palladino pled guilty to 25 counts of criminal contempt charged by the United States Attorney’s Office for the District of Massachusetts based on his repeated... Read More

Going Public Lawyer

]]>
Three SEC Stop Orders, One Mystery? Going Public Attorneys https://www.securitieslawyer101.com/2015/sec-stop-orders-one-mystery/ Wed, 13 May 2015 16:17:18 +0000 https://www.securitieslawyer101.com/?p=29008 Going Public Lawyer

On May 11, 2015, the Securities and Exchange Commission (“SEC”) instituted administrative proceedings against two penny stock companies, Visual Acumen, Inc., and First Xeris Corp. (FXER).  The purpose of the actions was to establish grounds for imposing stop... Read More

Going Public Lawyer

]]>
What is a Sponsoring Market Maker? Going Public Attorneys https://www.securitieslawyer101.com/2015/sponsoring-market-makers/ Mon, 11 May 2015 13:20:45 +0000 https://www.securitieslawyer101.com/?p=26609 Going Public Lawyer

  The last step in a going public transaction is for the company to receive a stock trading or ticker symbol from the Financial Industry Regulatory Authority (“FINRA”).  For a company to obtain its ticker symbol, a sponsoring market maker (“Sponsoring Market... Read More

Going Public Lawyer

]]>
FINRA Halts Trading in Riviera Tool Company https://www.securitieslawyer101.com/2015/riviera-tool-company-rivt/ Fri, 08 May 2015 00:51:15 +0000 https://www.securitieslawyer101.com/?p=28871 Going Public Lawyer

Moving with unusual speed, the Financial Industry Regulatory Authority (FINRA) halted trading in Riviera Tool Company (RIVT) after the closing bell on May 7, 2015.  The action was a U3 Extraordinary Event halt.  In a U3, “trading is... Read More

Going Public Lawyer

]]>
Securities Lawyers Gone Wild – John Briner Criminally Charged https://www.securitieslawyer101.com/2015/criminal-charges-john-briner/ Thu, 07 May 2015 17:35:05 +0000 https://www.securitieslawyer101.com/?p=28864 Going Public Lawyer

The walls are closing in on former securities attorney John Briner.  In the past two months, he’s been criminally charged in the Provincial Court of British Columbia, sued by the U.S. Commodity Futures Trading Commission (“CFTC”), and disciplined... Read More

Going Public Lawyer

]]>
SEC Rules Affecting Shell Companies https://www.securitieslawyer101.com/2015/sec-shell-companies/ Sat, 02 May 2015 12:00:18 +0000 https://www.securitieslawyer101.com/?p=30241 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) has published releases relating to Shell Companies that affect the use of Rule 144 of the Securities Act of 1933, as amended (the “Securities Act”), by shareholders of Shell Companies. In addition,... Read More

Going Public Lawyer

]]>
Short Sales Q & A – Securities Lawyer 101 https://www.securitieslawyer101.com/2015/short-sales-q-a/ Mon, 27 Apr 2015 13:06:54 +0000 https://www.securitieslawyer101.com/?p=26570 Going Public Lawyer

Posted By Brenda Hamilton, Securities Lawyer Short Sales Q & A A short sale transaction can be part of a legitimate trading strategy. It is often endorsed for its beneficial effects on the securities markets, which include increasing... Read More

Going Public Lawyer

]]>
Rule 144 Q & A – Going Public Lawyers https://www.securitieslawyer101.com/2015/rule-144-going-public-lawyers/ Mon, 27 Apr 2015 13:01:54 +0000 https://www.securitieslawyer101.com/?p=26563 Going Public Lawyer

The Securities Act of 1933, as amended (the “Securities Act”) requires the sale of a security to be registered under the Securities Act, unless the security or transaction qualifies for an exemption from registration. Rule 144 of the Securities... Read More

Going Public Lawyer

]]>
Private Placement Memorandums Q & A – Going Public Lawyers https://www.securitieslawyer101.com/2015/private-placement-memorandums-going-public-lawyers/ Mon, 20 Apr 2015 13:04:00 +0000 https://www.securitieslawyer101.com/?p=26551 Going Public Lawyer

A Private Placement Memorandum (“PPM”) is also referred to as a confidential offering circular or memorandum.  PPM’s are used by private companies in going public transactions and by existing public companies to raise capital by selling either debt or... Read More

Going Public Lawyer

]]>
Regulation A+ Offering Circulars On Form 1-A https://www.securitieslawyer101.com/2015/regulation-a-form-1-a/ Sat, 18 Apr 2015 15:45:18 +0000 https://www.securitieslawyer101.com/?p=28597 Going Public Lawyer

On March 25, 2015, the Securities and Exchange Commission (“SEC”) adopted amendments to Regulation A pursuant to the mandate of Section 401(a) of the JOBS Act. These amendments included revamping Form 1-A for Regulation A offerings. Amended A+ was... Read More

Going Public Lawyer

]]>
Massachusetts Adopts Emergency Crowdfunding Exemption https://www.securitieslawyer101.com/2015/massachusetts-emergency-crowdfunding/ Fri, 17 Apr 2015 04:00:04 +0000 https://www.securitieslawyer101.com/?p=28739 Going Public Lawyer

The Massachusetts Division of Securities has adopted an emergency intrastate crowdfunding exemption. The new exemption was developed to stimulate job growth for small Massachusetts companies by removing restrictions and allowing greater access to capital with fewer restrictions. The Massachusetts... Read More

Going Public Lawyer

]]>
FINRA Proposes New Rules For Algorithmic Trading Strategies https://www.securitieslawyer101.com/2015/finra-proposes-new-rules-for-algorithmic-trading-strategies/ Thu, 16 Apr 2015 13:35:55 +0000 https://www.securitieslawyer101.com/?p=28645 Going Public Lawyer

FINRA is proposing new rules that will impact algorithic trading strategies. If an individual performs a trade on another person’s behalf, that associated person is required to register with FINRA as an equity trader. The Financial Industry Regulatory Authority... Read More

Going Public Lawyer

]]>
Cashflowbot.com Operator Charged In Ponzi Scheme https://www.securitieslawyer101.com/2015/cashflowbot-com-operator-charged-in-ponzi-scheme/ Tue, 14 Apr 2015 13:07:42 +0000 https://www.securitieslawyer101.com/?p=28616 Going Public Lawyer

On April 14, 2015, the operator of a website at Cashflowbot.com was charged in a ponzi scheme. According to the SEC charges, the perpetrator of the ponzi scheme raised money from more than 3,000 investors between January 2012 and... Read More

Going Public Lawyer

]]>
SEC Issues Trading Suspensions of 25 Issuers https://www.securitieslawyer101.com/2015/sec-issues-trading-suspensions-of-25-issuers/ Tue, 14 Apr 2015 04:00:10 +0000 https://www.securitieslawyer101.com/?p=28568 Going Public Lawyer

On April 10, 2015, the Securities and Exchange Commission (“SEC”) announced the temporary suspension of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on April 10, 2015, and terminating at 11:59 p.m. EDT... Read More

Going Public Lawyer

]]>
OTC Markets OTC Pink Sheets Q & A – Going Public Lawyers https://www.securitieslawyer101.com/2015/otc-markets-otc-pink-sheets-going-public-lawyers/ Mon, 13 Apr 2015 13:10:36 +0000 https://www.securitieslawyer101.com/?p=26539 Going Public Lawyer

Posted By Brenda Hamilton, Securities Lawyer In May of 2014, the OTC Markets Group approved new listing requirements for companies seeking quotation of their securities on the OTCQB® Venture Stage Marketplace.  To be quoted on the OTCQB® issuers must have... Read More

Going Public Lawyer

]]>
What State Laws Apply To Regulation A+ Offerings? https://www.securitieslawyer101.com/2015/state-laws-regulation-a/ Mon, 13 Apr 2015 12:30:41 +0000 https://www.securitieslawyer101.com/?p=28574 Going Public Lawyer

On March 25, 2015, the Securities and Exchange Commission (“SEC”) adopted amendments to Regulation A pursuant to the mandate of Section 401(a) of the JOBS Act. Amended Regulation A known as “Regulation A+”, expands and modernizes former Regulation... Read More

Going Public Lawyer

]]>
Big Apple Consulting, Mark Jablon and Mark Kaley Lose Appeal https://www.securitieslawyer101.com/2015/big-apple-consulting-mark-jablon-and-mark-kaley-lose-appeal/ Mon, 13 Apr 2015 11:14:29 +0000 https://www.securitieslawyer101.com/?p=28610 Going Public Lawyer

On April 9, 2015, the U.S. Court of Appeals for the Eleventh Circuit upheld a lower court’s ruling in the U.S. Securities and Exchange Commission v. Big Apple Consulting USA Inc., MJMM Investments, LLC, Marc Jablon and Mark... Read More

Going Public Lawyer

]]>
Jonathan Bryant Ordered to Pay Over $3 Million For 8000 Inc Scam https://www.securitieslawyer101.com/2015/jonathan-bryant-ordered-to-pay-over-3-million-for-8000-inc-scam/ Mon, 13 Apr 2015 04:00:45 +0000 https://www.securitieslawyer101.com/?p=28564 Going Public Lawyer

The Securities and Exchange Commission (the “SEC”) announced that on April 7, 2015, the U.S. District Court for the Southern District of New York entered a final judgment against Jonathan E. Bryant which ordered him to pay $3,168,184.70... Read More

Going Public Lawyer

]]>
Going Public With Regulation A+ – Going Public Attorneys https://www.securitieslawyer101.com/2015/regulation-a-going-public-attorney/ Sun, 12 Apr 2015 16:56:18 +0000 https://www.securitieslawyer101.com/?p=28579 Going Public Lawyer

On March 25, 2015, the Securities and Exchange Commission (the “SEC”) adopted amendments to Regulation A pursuant to the mandate of Section 401(a) of the JOBS Act.  The amended rules known as Amended A+ were adopted to facilitate... Read More

Going Public Lawyer

]]>
SEC Charges Vadda Energy Corporation With Oil And Gas Fraud https://www.securitieslawyer101.com/2015/vadda-energy-corporation-oil-gas-fraud/ Sun, 12 Apr 2015 04:00:16 +0000 https://www.securitieslawyer101.com/?p=28562 Going Public Lawyer

On April 10, 2015, the Securities and Exchange Commission (“SEC”) charged Mieka Energy Corporation, and its founder and president Daro Ray Blankenship, with fraudulently offering oil and gas investments. Two of Mieka’s salesmen, Robert William Myers, Jr. and... Read More

Going Public Lawyer

]]>
SEC Obtains Officer-Director and Penny Stock Bar Against Michael Cohen https://www.securitieslawyer101.com/2015/sec-obtains-officer-director-and-penny-stock-bar-against-michael-cohen/ Sat, 11 Apr 2015 04:00:05 +0000 https://www.securitieslawyer101.com/?p=28557 Going Public Lawyer

  On March 6, 2015, the Securities and Exchange Commission (“SEC”) announced that the United States District Court of New Jersey entered a judgment against Michael M. Cohen. Cohen received a lifetime officer-director bar, lifetime penny stock bar and... Read More

Going Public Lawyer

]]>
SEC Issues Trading Suspension of Triumph Ventures – TRVX https://www.securitieslawyer101.com/2015/sec-issues-trading-suspension-of-triumph-ventures-trvx/ Fri, 10 Apr 2015 22:05:05 +0000 https://www.securitieslawyer101.com/?p=28566 Going Public Lawyer

On April 10, 2015, the Securities and Exchange Commission (“SEC”) announced the trading suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (“Exchange Act”), of trading in the securities of Triumph Ventures Corp. (“Triumph Ventures”)... Read More

Going Public Lawyer

]]>
SEC Approves FINRA Rule Allowing Transaction Based Compensation https://www.securitieslawyer101.com/2015/sec-approves-finra-rule-allowing-transaction-based-compensation-to-unregistered-persons/ Fri, 10 Apr 2015 20:53:44 +0000 https://www.securitieslawyer101.com/?p=28554 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) recently approved Rule 2040 proposed by the Financial Industry Regulatory Authority (“FINRA”) which applies to the payment of transaction based compensation to unregistered persons by member firms.  Rule 2040 will allow member firms to... Read More

Going Public Lawyer

]]>
SEC Issues Trading Suspension of eCareer Common Shares https://www.securitieslawyer101.com/2015/sec-issues-trading-suspension-of-ecareer-common-shares/ Wed, 08 Apr 2015 15:10:20 +0000 https://www.securitieslawyer101.com/?p=28456 Going Public Lawyer

On April 8, 2014, the Securities and Exchange Commission (“SEC”) announced the temporary trading suspension of eCareer Holdings, Inc. of Boca Raton Florida. The trading suspension was issued pursuant to Section 12(k) of the Securities Exchange Act of... Read More

Going Public Lawyer

]]>
SEC Charges Brian Polito With Oil and Gas Fraud https://www.securitieslawyer101.com/2015/sec-charges-oil-gas-fraud/ Tue, 07 Apr 2015 15:20:18 +0000 https://www.securitieslawyer101.com/?p=28437 Going Public Lawyer

The Securities and Exchange Commission (“SEC”) Division of Enforcement filed suit against GC Resources, LLC and Brian J. Polito for oil and gas fraud.  According to the allegations, Polito defrauded investors through the sale of interests in oil... Read More

Going Public Lawyer

]]>
OTC Markets Q & A – Going Public Lawyers https://www.securitieslawyer101.com/2015/otc-markets-going-public-lawyers/ Mon, 06 Apr 2015 12:54:36 +0000 https://www.securitieslawyer101.com/?p=26531 Going Public Lawyer

Posted By Brenda Hamilton, Securities Lawyer The OTC Markets offer several different tiers for companies to choose from when considering their services. These are the OTCQX, OTCQB and OTC Pink marketplaces.  Companies that are trading on the OTC... Read More

Going Public Lawyer

]]>
Broker Turned Bank Robber Sanctioned by the SEC https://www.securitieslawyer101.com/2015/broker-bank-robber-sanctioned-sec/ Mon, 06 Apr 2015 04:00:48 +0000 https://www.securitieslawyer101.com/?p=28255 Going Public Lawyer

The Financial Industry Regulatory Authority (“FINRA”) and the Securities and Exchange Commission (“SEC”) regularly discipline errant brokers and financial advisers, but Leonard Eric Burd’s case is unusual by any standard.  On March 31, the SEC announced that it... Read More

Going Public Lawyer

]]>
SEC Subpoenas 101 – Securities Attorneys https://www.securitieslawyer101.com/2015/sec-subpoena/ Sat, 04 Apr 2015 19:54:05 +0000 https://www.securitieslawyer101.com/?p=28603 Going Public Lawyer

Receiving a Securities and Exchange Commission (“SEC”) subpoena is a new and uncomfortable experience for most market participants. A SEC subpoena is an indication that the Division of Enforcement is investigating potential violations of the federal securities laws. SEC subpoenas... Read More

Going Public Lawyer

]]>
Direct Public Offering Q & A – Going Public Lawyers https://www.securitieslawyer101.com/2015/direct-public-offering/ Mon, 30 Mar 2015 13:28:43 +0000 https://www.securitieslawyer101.com/?p=26529 Going Public Lawyer

Going public transactions can be structured numerous ways. The going public process is a complicated & intricate procedure, and it is important to have an experienced securities attorney to help your company navigate through the process and deal with the Securities... Read More

Going Public Lawyer

]]>
Brenda Hamilton Featured By Intuit About Direct Public Offerings and Going Public https://www.securitieslawyer101.com/2015/intuit-brendahamilton/ Sun, 29 Mar 2015 11:14:38 +0000 https://www.securitieslawyer101.com/?p=28012 Going Public Lawyer

Intuit Inc., a provider of small business software solutions, including QuickBooks, tackles accounting, taxes, budgets, and personal finances with TurboTax. Quicken featured an interview with  Securities Attorney Brenda Hamilton.* Brenda Hamilton practices Securities Law focusing on Direct Public Offerings... Read More

Going Public Lawyer

]]>
FINRA Sanctions Short Seller – Securities & Going Public Attorneys https://www.securitieslawyer101.com/2015/finra-sanctions-short-seller-securities-going-public-attorneys/ Fri, 27 Mar 2015 18:48:10 +0000 https://www.securitieslawyer101.com/?p=28004 Going Public Lawyer

Short sale conspiracy theorists will be pleased to learn that on March 25, 2015, The Financial Industry Regulatory Authority (FINRA) announced sanctions of $916,000 against Short Seller, First New York Securities L.L.C. for short selling ahead 14 public... Read More

Going Public Lawyer

]]>
SEC Charges 22 Unregistered Broker-Dealers-Going Public Attorneys https://www.securitieslawyer101.com/2015/sec-charges-unregistered-brokers/ Thu, 26 Mar 2015 17:43:02 +0000 https://www.securitieslawyer101.com/?p=27991 Going Public Lawyer

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

Going Public Lawyer

]]>
The Going Public Attorney’s Document Review https://www.securitieslawyer101.com/2015/going-public-attorney-review/ Thu, 26 Mar 2015 04:00:57 +0000 http://www.securitieslawyer101.com/?p=5187 Going Public Lawyer

Securities Lawyer 101 Blog The securities laws require companies to disclose a myriad of facts during the going public process.  These disclosures are most often prepared by the company’s going public attorney. These stringent disclosure requirements apply to... Read More

Going Public Lawyer

]]>
SEC Issues Trading Suspension of Winsonic Digital Media Group https://www.securitieslawyer101.com/2015/sec-issues-trading-suspension-of-winsonic-digital-media-group/ Tue, 24 Mar 2015 14:55:26 +0000 https://www.securitieslawyer101.com/?p=27975 Going Public Lawyer

The Securities and Exchange Commission (SEC) announced the temporary trading suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (“Exchange Act”), of trading in the securities of Winsonic Digital Media Group, Ltd. (WDMB), commencing at 9:30... Read More

Going Public Lawyer

]]>
FINRA Reveals Fraud Victims Suffer Stress, Anxiety and Depression https://www.securitieslawyer101.com/2015/finra-reveals-fraud-victims-suffer-stress-anxiety-and-depression/ Mon, 23 Mar 2015 19:04:47 +0000 https://www.securitieslawyer101.com/?p=27967 Going Public Lawyer

Recently, the FINRA Investor Education Foundation issued a new research report about the impact of financial fraud on its victims. FINRA’s report revealed that nearly two thirds of self-reported financial fraud victims experienced at least one non-financial cost of... Read More

Going Public Lawyer

]]>
Why Is There A Q On My Ticker Symbol? https://www.securitieslawyer101.com/2015/why-is-there-a-q-on-my-ticker-symbol/ Mon, 23 Mar 2015 17:28:02 +0000 https://www.securitieslawyer101.com/?p=27961 Going Public Lawyer

When a company is involved in bankruptcy proceedings, the letter “Q” is added to the end of the company’s stock ticker/trading symbol. More often than not, bankruptcy is the kiss of death for a public company. In most... Read More

Going Public Lawyer

]]>
What Is Schedule 13D? Going Public Attorneys https://www.securitieslawyer101.com/2015/what-is-schedule-13d-going-public-attorneys/ Mon, 23 Mar 2015 17:18:25 +0000 https://www.securitieslawyer101.com/?p=27959 Going Public Lawyer

When a person or group of persons acquires beneficial ownership of more than 5% of a voting class of a company’s equity securities registered under Section 12 of the Securities Exchange Act of 1934 (“Exchange Act”), they are... Read More

Going Public Lawyer

]]>
What Stock Can I Register On A Form S-8 Registration Statement? https://www.securitieslawyer101.com/2015/form-s-8-registration-going-public-lawyer/ Mon, 23 Mar 2015 13:03:20 +0000 https://www.securitieslawyer101.com/?p=26525 Going Public Lawyer

Posted By Brenda Hamilton, Securities Lawyer Form S-8 is a short-form registration statement under the Securities Act of 1933, as amended (Securities Act) used to register employee and consultant benefit and compensation plans. Form S-8 cannot be used until... Read More

Going Public Lawyer

]]>
Bad Actor Waivers- Regulation A+ – Rule 506 – Going Public https://www.securitieslawyer101.com/2015/bad-actor-waivers-regulation-a-rule-506-going-public/ Sun, 22 Mar 2015 15:46:58 +0000 https://www.securitieslawyer101.com/?p=27938 Going Public Lawyer

On March 13, 2015, the Securities and Exchange Commission (SEC) provided guidance addressing waivers of disqualification for bad actors under Regulation A and Rules 505 and 506 of Regulation D of the Securities Act of 1933, as amended. A waiver... Read More

Going Public Lawyer

]]>
The Operation “Shell Expel” Facade https://www.securitieslawyer101.com/2015/128-companies-suspended-to-prevent-corporate-hijackings/ Fri, 20 Mar 2015 14:57:44 +0000 https://www.securitieslawyer101.com/?p=27930 Going Public Lawyer

Operation Shell-Expel was announced by the SEC in 2012. Since then the Securities and Exchange Commission (SEC) has repeatedly announced the success of its efforts by issuing trading suspensions of more than 800 shell companies. Despite this, the SEC has... Read More

Going Public Lawyer

]]>
Utah Registry Established For White Collar Criminals https://www.securitieslawyer101.com/2015/white-collar-criminals-registry-established/ Thu, 19 Mar 2015 10:53:14 +0000