Securities Lawyer Blog - 2/3 - Securities & Forensic Lawyers

SEC Announces Trading Suspension of Aventura Equities

Securities Lawyer 101 Blog On March 5, 2014, 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… Read More

How Can I Remove a DTC Chill Or Global Lock? Securities Lawyer 101

Securities Lawyer 101 Blog DTC Chills and global locks continue to be a growing problem for small companies. The Depository Trust and Clear Corporation (“DTCC”), through its subsidiaries, provides clearing, settlement and information services for securities.  DTCC’s subsidiary,… Read More

SEC Shuts Down 20 Bogus S-1 Registration Statements After Promotion Stock Secrets Research Report

Securities  Lawyer 101 Blog On February 3, 2014, the Securities and Exchange Commission (“SEC”) announced the filing of stop order proceedings against 20 purported mining companies for providing false information in their S-1 registration statements. Of the 20 S-1 registration statements,… Read More

The SEC Suspends The Enlightened Gourmet Inc.

Securities Lawyer 101 Blog On December 10, 2013, the Securities and Exchange Commission (the “SEC”) announced the temporary suspension of trading in the securities of The Enlightened Gourmet, Inc. (“ENLG”)  commencing at 9:30 a.m. EST on December 18, 2013… Read More

SEC Charges Three Penny Stock Auditors

Securities Lawyer 101 Blog On September 30, 2013, the SEC charged three penny stock auditors, Malcolm L. Pollard,  Wilfred W. Hanson and John Kinross-Kennedy, for violating federal securities laws or failing to comply with U.S. auditing standards during… Read More

SEC Charges ImageXpres and John and Kevin Zankowski With Securities Fraud

Securities Lawyer 101 Blog On September 25, 2013, the Securities and Exchange Commission (“SEC”) charged ImageXpres Corporation (ImageXpres), its CEO and president John Zankowski, and its CFO Kevin Zankowski with securities fraud. ImageXpres is a microcap technology company… Read More

Additional Charges and Convictions in Kickback Schemes

Securities Lawyer 101 Blog On August 13, 2013, John Jordan, former chief executive of Vida Life International Ltd., a public company that trades on the OTCMarkets OTCQB as VILF, was sentenced to 30 months in federal prison for… Read More

OTC Pink Sheets l Bootcamp

Securities Lawyer 101 Blog Getting Listed on the OTC Pink Sheets Many companies going public for the first time are opting for the OTCMarkets OTC Pink

FINRA Investigates Trading Algorithms

The Financial Industry Regulatory Authority (“FINRA”) is investigating Trading Algorithms and whether trading firms that engage in high frequency trading have proper controls in place to ensure their trading algorithms do not malfunction and cause harm to public markets. The regulator… Read More

Ask Securities Lawyer 101 l Form 12b-25 Q & A

Securities Lawyer 101 Blog Accelerated filers, non-accelerated filers and smaller reporting companies occasionally have difficulty meeting the Securities and Exchange Commission’s (“SEC”) reporting due dates. Rule 12b-25 adopted by the SEC under the Securities Exchange Act of 1934,… Read More