Securities and Exchange Commission - Securities & Going Public Lawyers

SEC Uses Satellite Imagery to Charge Desarrolladora Homex

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

SEC Staff Issues Guidance and Investor Bulletin on Robo-Advisers

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

James P. Toner Jr Settles Fraud Charges – Posted by Brenda Hamilton

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

SEC Brings Cases Related to Disclosures During Battles for Corporate Control

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

Chinese Citizens Gain Massive Profits From Insider Trading on Comcast-Dreamworks Acquisition

  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

Financial Adviser Funds Lavish Lifestyle by Stealing from Client Accounts

  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

SEC Sues Investment Adviser Who Turned Thief

  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

SEC Charges Banc de Binary with Acting as an Unregistered Broker-Dealer

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

Court Enters Final Judgments Against Zachary Zwerko and David Post

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

Court Enters Final Partial Judgment Against Paul Petrello for Insider Trading Scheme

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