Custodianship Shell - Securities & Forensic Lawyers

Beware of Lawyers Bearing Gifts – Custodianship Shells and Reverse Mergers

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

Attorney Adam Tracy & the Nefarious World of Custodianship Shells

The Securities and Exchange Commission (“SEC”) says it doesn’t like over-the-counter shell companies, and would like to see them gone from the marketplace.  To that end, its Enforcement Division cooked up an initiative it called  “Operation Shell-Expel”.  It… Read More

Attorney Adam Tracy & the Nefarious World of Custodianship Shells

The Securities and Exchange Commission (“SEC”) says it doesn’t like over-the-counter shell companies, and would like to see them gone from the marketplace.  To that end, its Enforcement Division cooked up an initiative it called  “Operation Shell-Expel”.  It… Read More

Why Operation Shell Expel Gets an F

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

Nicholas Lattanzio Charged in Hedge Fund Fraud

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

The Operation “Shell Expel” Facade

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

Alert About Dormant Shell Companies

The Securities and Exchange Commission (the “SEC”) as well as the Financial Industry Regulatory Authority recently issued an alert warning investors that many penny stocks touted as great investment opportunities may, in fact, be dormant shell companies. Despite the… Read More

SEC Charges 8 in Pump and Dump Scheme

On September 18, 2014, the Securities and Exchange Commission (the “SEC”) announced charges against eight individuals for their roles in an alleged pump-and-dump scheme involving a penny stock company based in California that has repeatedly changed its name and… Read More

Transparency Bootcamp – Custodianship Disclosures In Reverse Mergers

Securities Lawyer 101 Blog Recently custodianship and/or receivership proceedings involving publicly traded companies have been in the spotlight because of the increasing number of fraudsters seeking these appointments so that they can create their own personal inventory of… Read More