Securities Lawyer 101 - Going Public Lawyers

Regulation A + and Secondary Trading

The Securities & Exchange Commission’s amendments to Regulation A went into effect on June 19, 2015 and are now over three years old.  The amendments known as Regulation A+ have gained market acceptance not only by the OTC… Read More

SEC Charges Network Marketer with Masterminding a Multimillion Dollar Ponzi and Pyramid Scheme

The SEC has charged Eric “EJ” Dalius and seven corporate entities that he controlled with defrauding investors through the promotion and operation of a multimillion dollar Ponzi and pyramid scheme. The SEC alleges that Eric “EJ” Dalius, who… Read More

SEC Charges Self-Described Promoter with Microcap Market Manipulation Scheme

On November 29, 2018, the SEC charged Eric Landis, a self-described penny stock promoter and an entity he controlled with orchestrating a scheme to manipulate trading in at least 97 microcap stocks. According to the SEC’s complaint, Eric… Read More

SEC Obtains Final Judgement Against Steven Newman

On November 9, 2018, the Honorable Nicholas G. Garaufis of the United States District Court for the Eastern District of New York entered a final judgment against defendant Steven Newman. The final judgment imposes on Newman a permanent… Read More

SEC Charges Four in Fraudulent Microcap Manipulation Scheme Orchestrated Through International Account

The SEC charged Morrie Tobin and three other individuals for their roles in a scheme to profit from the manipulation and illegal sale of stock of two publicly traded companies, Environmental Packaging Technologies Holdings, Inc. and CURE Pharmaceutical… Read More

Hurricane Restoration Company and Executives Settle SEC Accounting Fraud Charges

The former CEO and CFO of a now-defunct Dallas and New Orleans-based disaster remediation and construction business, Home Solutions of America, Inc have agreed to pay disgorgement and penalties to settle accounting fraud charges brought by the SEC…. Read More

SEC Charges ICO Superstore TokenLot LLC and Owners Lenny Kugel & Eli L. Lewitt With Operating As Unregistered Broker-Dealers

The Securities and Exchange Commission announced that TokenLot LLC, a self-described “ICO Superstore,” and its owners will settle charges that they acted as unregistered broker-dealers.  This is the SEC’s first case charging unregistered broker-dealers for selling digital tokens… Read More

SEC Charges Emil Botvinnik & Jovannie Aquino With Defrauding Customers

The Securities and Exchange Commission charged two brokers for recommending excessive levels of trading that were costly for retail customers but lucrative for the brokers.   In separate complaints filed in federal court in Manhattan, the SEC alleges that… Read More

SEC Awards More Than $54 Million to Two Whistleblowers

The Securities and Exchange Commission is awarding $39 million to one whistleblower and $15 million to another whose critical information and continued assistance helped the agency bring an important enforcement action.  The $39 million award is the second-largest… Read More

SEC Charges Jeffrey Goldman And Christopher Eikenberry With Fraud in Fake Trading Accounts Scheme

The Securities and Exchange Commission charged two Michigan men with fraud for their roles in a fake accounts scheme perpetrated by a phony day-trading firm, Nonko Trading. The SEC alleges that Jeffrey Goldman of West Bloomfield, Michigan, and Christopher… Read More