Securities Law Blog - Securities & Forensic Lawyers

What SEC Disclosure Is Required By Section 17(b) For Investor Relations Firms?

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

SEC Charges Jerry Miller in Petrotech Oil Fraud

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

SEC Charges Lek Securities – Posted by Brenda Hamilton

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

Alex Kon Challenges SEC Administrative Law Judges

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

SEC Eases Access to Exhibits in SEC Filings

  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

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