The SEC’s Amended “Dealer” Definition for Toxic Lenders
In the past five years or so, we’ve written many times about “toxic lenders”. These toxic lenders have been active since the end of the last century and have flourished providing financing to small publicly traded companies quoted… Read More
Category: Blog Posts Tags: Almagarby, Chris Stalcup, Convertible Note, GHS Investments, John Fife, LLC, Mark Indeglia, Mark S. Grobee, Market Adjustable, Matthew L. Schissler, public companies, Public Company, Publicly Traded, reverse split, reverse stock split, Rule 144, Safraz S. Hajee, SEC, SEC Action, SEC registrant, Small Public Company Coalition, SPCC, Toxic Convertible Note, toxic financing, Toxic Funder, Toxic Funders, Toxic Lender, Toxic Note
Xeriant, Inc. Fights Toxic Funder Auctus Fund in Appellate Court
Since 2017, the SEC has been bringing enforcement actions intended to curb the excesses of lenders who deal in convertible securities like promissory notes, preferred stock, warrants, debentures, and more. While the word “lenders” seems anodyne or even… Read More
Category: Blog Posts Tags: Adam Long, Adar Alef LLC, Adar Bays, Alexander J Dillon, Alfred Sollam, Alfred Sollami, Appeals Court, Aryeh Goldstein, Auctus Fund LLC, Auctus Fund Management LLC, BHP Capital NY Inc, broker-dealer, Bryan Pantofel, Carebourn Capital L.P., Chicago Venture Partners, Chip Alvin Rice, civil penalty, convertible note lender, Convertible Notes, convertible promissory note, Cosmin I Panait, Crownbridge Partners LLC, Custom Equity Research Partners LLC, Cyrus M Alphonse, David Foley, Dealer, Dilution Financing, Dilution Funder, disgorgement, District Court, Edward M Liceaga, Exchange Act Section 15(a), financing agreement, FINRA, GPL Management LLC, GPL Ventures, Ibrahim Almagarby, Iliad Research, Inc, JDF Capital, JMJ Financial, John Fierro, John Francis Forsythe III, John M. Fife, Joseph Lerman, Justin Keener, Justin W Keener, L.P., L2 Capita LLC, LG Funding LLC, Louis Posner, Microcap Equity Group LLC, microcap securities, Microcap Stock, Miles M Riccio, Morningview Financial LLC, NASD, Oasis Capital LLC, OTC Markets, Penny Stock, Penny Stock Bars, Penny Stock Investor, Penny Stock Issuer, Penny stocks, ponzi scheme, regulation, River North Equity LLC, Ronald E. Pipoly Jr, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Complaint, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities and Exchange Commission, securities and exchange commission. toxic funder, Securities Attorney, Securities Fraud, Securities Law Defense, Sepas Ahdoot, Soheil Adhoot, South Street Capital Partners, stock scheme, Toxic Convertible Note, toxic financing, Toxic Financings, Toxic Funder, toxic funding, Trading L.P., Tri-Bridge Ventures LLC, Typenex Co-Investment LLC, Unregistered Broker, Unregistered Dealer, XERI, Xeriant Inc
Toxic Funders: Unregistered Dealers, Short Sellers, or Both?
We’ve often written about “toxic” promissory notes or preferred stock and the unregistered dealers who purchase them. These dealers are not the broker-dealers ordinary retail investors have accounts with. They are individuals with companies of their own that… Read More
Category: Blog Posts Tags: Awesome Penny Stocks, Bergio International Inc, BRGO, broker-dealer, Convertible Notes, Dilution, Dilution Funder, events of default, Expert Market, Form 211, Form 8-K, Grey Market, Ibrahim Almagarby, Joshua Sason, Lustros Inc, Magna Group, Microcap Equity Group LLC, microchips, naked shorting, nasdaq, Nasdaq Capital Market, NewLead Holdings Ltd, Operation Bermuda Short, OTC issuers, OTC Markets, Penny stocks, Pierre Hillion, preferred stock, promissory notes, Reg SHO, revere split, Rule 144, Sandy Winick, SEC, Securities and Exchange Commission, Short Sellers, Short Selling, Theo Vermaelen, Tippy Inc, Toxic Funders, toxic notes, unregistered dealers, Vis Vires Group Inc, Zachary T Knepper
The Evolving SEC Actions Against Toxic Lenders
Convertible Financing For decades, microcap issuers on the OTC Markets in need of financing have largely been forced to turn to what are known as “toxic funders” or “toxic lenders.” The money they offer comes with a hefty… Read More
Category: Blog Posts Tags: Alexander J Dillon, AMC, AMC ENTERTAINMENT, Big Apple Consulting, Carebourn Capital LP, Chicago Venture Partners LP, Chip Rice, Convertible Note, Convertible Notes, Cosmin I Panait, CyberKey Solutions, Dilution, Financial Industry Regulatory Authority, FINRA, GameStop, GME, GPL Management LLC, GPL Ventures LLC, Ibrahim Almagarby, Iliad Research and Trading L.P., JDF Capital Inc, JMJ Financial, John Fierro, John M. Fife, Justin Keener, Lenders, Microcap Equity Group LLC, nasdaq, Nasdaq Capital Market, New York Stock Exchange, OTC Markets, OTC Pink, Penny Stock, registered national securities association, RNSA, Rule 10c-1a, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, St George Investments LLC, Tonaquint Inc, Toxic Funder, toxic funding, Toxic Lender, Typenex Co-Investment LLC, Unregistered Dealer
Court Says Toxic Note is Usurious
Over the past few years, we’ve written frequently about so-called “toxic lenders” engaged in unregistered dealer activity and the toll their loans take on struggling over-the-counter companies. Nearly all of these companies need financing for operations, research and… Read More
Category: Blog Posts Tags: Adar Bays, Adar Bays LLC, Aryeh Goldstein, Curt Kramer, FINRA, Form 211 and Amended 15c-211, GeneSYS ID, GNID, Grey Sheets, Ibrahim Almagarby, Inc, Market Maker, Microcap Equity Group LLC, New York, New York State Court of Appeals, OTC Markets and Sponsoring Market Maker, OTC Markets Pink, Penny Stock, rule 15c-211, Samuel Eisenberg, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading suspension, Unregistered Dealer, Unsolicited quotes, Usury Laws
A Tale of Two Unregistered Dealers – Toxic Convertible Note Lenders Under SEC Scrutiny
In 2020, the Securities and Exchange Commission (the “SEC”) stepped up its efforts to reel in “toxic lenders”: individuals who profit enormously by buying convertible securities in penny stock companies and selling the shares they obtain upon conversion… Read More
Category: Blog Posts Tags: Big Apple Consulting, Chicago Venture Partners, Clarion Management, Convertible Note, Dodd Frank Bounty, dodd-frank, Form F-1, Form S-1, Going Public, Ibrahim Almagarby, John Fife, Justin Keener, Microcap Equity Group, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Toxic Convertible Note, toxic financing, Toxic Lender, Toxic Note, trading suspension, Unregistered Dealer
SEC Pursues Unregistered Dealers, Toxic Financing, Toxic Convertible Notes
2020 has been a historic year for Securities and Exchange Commission (“SEC”) enforcement action against toxic lenders as unregistered dealers.
Category: Blog Posts Tags: broker-dealer, Chicago Venture Partners LP, convertible note lender, Dilution, financing, FINRA, Ibrahim Almagarby, Iliad Research and Trading LP, JDF Capital Inc, JMJ Financial, John Fierro, John M. Fife, Justin Keener, litigation, Microcap Equity Group LLC, Microcap Stock, OTC Markets, Penny stocks, public Issuer, reverse split, scam, SEC, SEC Complaint, SEC enforcement action, Section 15(a), securities, Securities and Exchange Commission, securities attorneys, Securities Exchange Act of 1934, St George Investments LLC, stock price, Tonaquint Inc, Toxic Convertible Note, toxic financing, Toxic Financings, toxic funding, Toxic Lender, toxic lenders, toxic lending, transfer agents, Typenex Co-Investment LLC, Unregistered Dealer, unregistered dealers
SEC Says Unregistered Dealer Almagarby’s Convertible Notes Are Toast
On August 17, 2020, Judge Marcia G. Cooke, persuaded by the SEC’s arguments, handed down an order granting the SEC’s motion for summary judgment against Ibrahim Almagarby. The SEC is now seeking total financial sanctions amounting to $1,147,277, penny stock bars against both Almagarby and his company, Microcap Equity Group LLC, and requests that the court order Microcap Equity to surrender the remaining shares of stock it holds for cancellation and to surrender its remaining conversion rights under any convertible notes still in its possession.
Category: Blog Posts Tags: Aluf Holdings, AXCG, Axxess Pharma, Big Apple Consulting USA Inc, Broker, broker-dealer, Bulova Technologies Group, CD International Enterprises, Convertible Notes, CUBA Beverage Company, Daniels Corporate Advisory Company, dark, death spiral financing, debt conversion, defunct, Dewmar International BMC, East Coast Diversified Corp., ELRA, Elray Resources, Energy Revenue America, Eyes on the Go, Gold & Silver Mining of Nevada, Gold and GemStone Mining Inc., Green Energy Enterprise, Green Energy Enterprises, Greenfield Farms Food, Grid Petroleum Corp./ Simlatus Corporation, GYOG, Halberd Corporation, HAON, Healthnostics, Healthy & Tasty Brands Corporation (a/k/a GRILLiT, Hybrid Coating Technologies, Ibrahim Almagarby, In Ovations Holdings, Inc, Indo Global Exchange(s) Pte, InoLife Technologies, InternetArray, John Fierro, judgment, Las Vegas Railway Express, LIG Assets, Ltd., Marcia G Cooke, Medical Care Technologies Inc., Microcap Equity Group LLC, MyECheck, Next Galaxy Corp., North American Cannabis Holdings, OTC Markets, OTC Markets Group, Penny stocks, PM&E, PotNetwork Holdings Inc., PPJ Healthcare Enterprises, QASP, Quasar Aerospace Industries, reverse split, Robert W Lowry, Rule 144, Sanomedics, SARS, scam, SEC, SEC Action, SEC Complaint, securities, Securities and Exchange Commission, securities law, Seven Arts Entertainment, stock trading, stocks, Suspicious Activity Reports, toxic financing, toxic funding, US District Court for the Southern District of Florida
SEC Amends Rule 144 for Convertible Notes and Unregistered Dealers
On December 22, 2020, the Securities and Exchange Commission (“SEC”) voted to propose amendments to Rule 144 to eliminate tacking for shares acquired upon exercise or conversion of market-adjustable securities. Market adjustable securities are most often promissory notes, warrants, or preferred stock convertible into common or other shares at a dramatic discount to the issuer’s trading price. These types of market adjustable securities are known as “toxic financings” or “death spirals” for a reason. These financings are typically provided by persons acting as unregistered dealers, and they have crippling effects on small businesses and investors.
Category: Blog Posts Tags: 3(a)10 exemption, broker-dealer, Convertible Note, convertible note lender, Convertible Notes, death spiral, Dilution, discounted stock, Edgar, Form 4, Legal Opinion, Legend Removal, Legend Removal Opinion, Market-adjustable securities, market-adjusted security, Penny stocks, preferred stock, promissory notes, proposed rule change, restricted stock, Rule 101(a), Rule 101(b), Rule 144, Rule 144 Legal Opinion, Rule 144 legal Opinions, Rule 144 Legend, Rule 144 Legend Opinion, Rule 144 Legend Removal, Rule 144 Legend Removal OTC Markets, Rule 144 Opinion, SEC, Section 15(a), Section 5, Securities Act Section 4(a)(1), Securities and Exchange Commission, Securities Exchange Act, tacking, Toxic Convertible Note, toxic financier, toxic financing, Toxic Financings, toxic funding, Toxic Lender, toxic lenders, Tradability Opinion, Transfer Agent Opinion, Unregistered Dealer, unregistered dealers, warrants
SEC Says toxic funder John M. Fife is an Unregistered Dealer
The SEC filed an enforcement action against John Fife, an unregistered dealer and 5 companies he controlled including St. George Investments LLC and Tonaquint, Inc. According to the SEC, Fife and his companies had acted for years as securities dealers, but failed to register with the SEC and with the Financial Industry Regulatory Authority (“FINRA”) as the Securities Exchange Act of 1934 (“Exchange Act”) requires.
SEC Says Toxic Financings by Dilution Funder, John Fierro Make Him a Dealer Not a Trader
Dilution Funders and Dilution Financings Challenged by SEC We recently wrote about two interesting SEC enforcement actions that examine the question of whether the individuals and entities that purchase convertible promissory notes from public companies are “dealers” according… Read More
Category: Firm News Tags: broker-dealer, convertible note lender, convertible promissory note, David Foley, Dealer, Dilution Financing, Dilution Funder, Exchange Act Section 15(a), financing agreement, JDF Capital, JMJ Financial, John Fierro, microcap securities, Microcap Stock, OTC Markets, Penny Stock, Penny Stock Bars, Penny Stock Investor, Penny Stock Issuer, ponzi scheme, regulation, Ronald E. Pipoly Jr, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, Securities Fraud, Securities Law Defense, stock scheme, Toxic Convertible Note, toxic financing, Toxic Financings, Toxic Funder, toxic funding
SEC Says Toxic Financing Lender and Dilution Funder John Fierro is a Dealer Not a Trader
Dilution Funders and Dilution Financings Challenged by SEC
Category: Blog Posts Tags: broker-dealer, convertible note lender, convertible promissory note, David Foley, Dealer, Dilution Financing, Dilution Funder, Exchange Act Section 15(a), financing agreement, JDF Capital, JMJ Financial, John Fierro, microcap securities, Microcap Stock, OTC Markets, Penny Stock, Penny Stock Bars, Penny Stock Investor, Penny Stock Issuer, ponzi scheme, regulation, Ronald E. Pipoly Jr, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, Securities Fraud, Securities Law Defense, stock scheme, Toxic Convertible Note, toxic financing, Toxic Financings, Toxic Funder, toxic funding
Is My Toxic Lender and Dilution Funder a Dealer? – SEC Toxic Financing Actions
Dilution Funders have been charged by the SEC as unregistered dealers in violation of the Securities Exchange Act. Justin Keener and his company, JMJ Financial and John Fierro and his company, JDF Capital, Inc. are…
Category: Blog Posts Tags: broker-dealer, convertible note lender, Dealer, Dilution Funder, Dilution Funding, Dilutive Financing, Exchange Act, JDF Capital, JDF Capital Inc, JMJ Financial, John D. Fierro, Justin Keener, microcap securities, Microcap Stock, OTC Markets, Penny Stock, Penny Stock Bars, Penny Stock Investor, Penny Stock Issuer, ponzi scheme, regulation, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, Securities Fraud, Securities Law Defense, Small Business, stock scheme, Toxic Convertible Note, toxic financier, toxic financing, Toxic Financings, toxic funding, Toxic Lender, toxic lending, Unregistered Dealer
Court Vacates Order in Unregistered Dealer, Crown Bridge Partners Case
On August 19, 2024, the United States Court of Appeals for the Second District in New York ruled in the case of Darkpulse, Inc., Social Life Network, Inc. and Redhawk Holdings Corp. v. Crown Bridge Partners LLC and… Read More
Category: Blog Posts Tags: 1800 Diagonal Lending LLC, Adam Long, Adar Alef LLC, Adar Bays, Alexander J Dillon, Alfred Sollam, Alfred Sollami, Appeals Court, Aryeh Goldstein, Auctus Fund LLC, Auctus Fund Management LLC, BHP Capital NY Inc, broker-dealer, Bryan Pantofel, Carebourn Capital L.P., Chicago Venture Partners, Chip Alvin Rice, civil penalty, convertible note lender, Convertible Notes, convertible promissory note, Cosmin I Panait, Crownbridge Partners LLC, Curt Kramer, Custom Equity Research Partners LLC, Cyrus M Alphonse, DarkPulse Inc, David Foley, Dealer, Decentral Life Inc, Dilution Financing, Dilution Funder, disgorgement, District Court, DPLS, Edward M Liceaga, Exchange Act Section 15(a), financing agreement, FINRA, Geneva Roth Remark Holdings Inc, GPL Management LLC, GPL Ventures, Ibrahim Almagarby, Iliad Research, Inc, JDF Capital, JMJ Financial, John Fierro, John Francis Forsythe III, John M. Fife, Joseph Lerman, Justin Keener, Justin W Keener, L.P., L2 Capita LLC, LG Funding LLC, Louis Posner, Microcap Equity Group LLC, microcap securities, Microcap Stock, Miles M Riccio, Morningview Financial LLC, NASD, Oasis Capital LLC, OTC Markets, Penny Stock, Penny Stock Bars, Penny Stock Investor, Penny Stock Issuer, Penny stocks, ponzi scheme, Power Up Lending Ltd, RedHawk Holdings Corp, regulation, River North Equity LLC, Ronald E. Pipoly Jr, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Charges, SEC Claim, SEC Complaint, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Order, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, Securities and Exchange Commission, securities and exchange commission. toxic funder, Securities Attorney, Securities Fraud, Securities Law Defense, Sepas Ahdoot, Sixth Street Lending LLC, Social Life Network Inc, Soheil Adhoot, South Street Capital Partners, stock scheme, Toxic Convertible Note, toxic financing, Toxic Financings, Toxic Funder, toxic funding, Toxic Lender, Trading L.P., Tri-Bridge Ventures LLC, Typenex Co-Investment LLC, Unregistered Broker, Unregistered Dealer, variable-rate convertible notes, WDLF
Attorney Mark Basile to Participate in Federal Enforcement Action SEC v. Carebourn Capital L.P. and Chip Alvin Rice
Over the past seven years or so, we’ve followed the Securities and Exchange Commission’s efforts to rein in the excesses of predatory lenders who purchase convertible notes, preferred stock, debt, and sometimes warrants from issuers desperate for the… Read More
Category: Blog Posts Tags: ADGO, Advantego Corp, AFPW, Alexander J Dillon, AlumiFuel Power Corp, Anthony LG, APPZ, Bergio International Inc, BlackOaks Capital LP, Booski Consulting LLC, Bravtek Solutions Inc, BRGO, broker-dealer, BVTK, Carebourn Capital, Carebourn Capital LP, Carebourn Partners LLC, CGAC, Chicago Venture Partners L.P., Chip Rice, Code Green Apparel Corp, Convertible Note, Convertible Notes, Cosmin I Panait, Dark Pulse Inc, DarkPulse Inc, DNRG, Dodd Frank Bounty, dodd-frank, Dominovas Energy Corp, DPLS, DRNK, Eric J. Benzenberg, Eventure Interactive Inc, EVTI, FastFunds Financial Corp, FDBL, Feltl & Company, FFFC, Fonu2 Inc, Form F-1, Form S-1, FPFI, Fresh Promise Foods Inc, Friendable Inc, FUNO, Going Public, GPL Management LLC, GPL Ventures LLC, GRAS, Greenfield Farms Food Inc, Groove Botanicals Inc, Growth Solutions Holdings, GRSO, GRVE, Iliad Research and Trading L.P., INND, Innerscope Hearing Technologies Inc, JDF Capital Inc, JMJ Financial, John Fierro, John Fife, Judge Katherine Menendez, Justin W Keener, Kelci Rice, KOAN, Labor Smart Inc, Logan Rice, LTNC, Mark Basile, Michael Wruck, Miller Johnson Steichen Kinnard Inc, Minnesota, Monster Arts Inc, More Capital LLC, More Capital Partners LP, Motion for Judgement on the Pleadings, Ngen Technologies Holdings Corp, NGRP, Noho Inc, Optec International Inc, OPTI, OTC Markets, Ozop Energy Solutions Inc, OZSC, Patten Energy Solutions Inc, Pazoo Inc, PEII, Penny stocks, Petron Energy II Inc, PETV, PetVivo Holdings Inc, Powerstorm Holdings Inc, PPCB, Propanc Health Group Corp, PSTO, PTTN, Public Company, public shell, PZOO, Resonate Blends Inc, Revolutions Medical Corp, RMCP, Rule 144 holding period, RVUE, Rvue Holdings Inc, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Section 15(a)(1), Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, St George Investments LLC, The Staffing Group Ltd, Tonaquint Inc, toxic financing, Toxic Lender, toxic lending, trading suspension, Typenex Co-Investment LLC, United States District Court, Unregistered Dealer, Wisdom Homes of America Inc, WOFA, Wowio Inc, WWIO, ZONX, Zonzia Media Inc
SEC Charges Aryeh Goldstein, Adar Bays, LLC, and Adar Alef, LLC for Failure to Register; Defendants Agree to Pay $1.25 Million to Settle
On January 23, 2024, the Securities and Exchange Commission (the “SEC”) announced the filing of an enforcement action against Aryeh Goldstein, a resident of Florida and New York, and two entities he controls, Adar Bays, LLC, located in… Read More
Category: Blog Posts Tags: Adam Long, Adar Alef LLC, Adar Bays LLC, Alexander J Dillon, Alfred Sollami, Aluf Holdings, Aryeh Goldstein, Auctus Fund LLC, Auctus Fund Management LLC, Axxess Pharma, BHP Capital NY Inc, broker-dealer, Bryan Panofel, Bulova Technologies Group, Carebourn Capital LP, CD International Enterprises, Chicago Ventures Partners LP, Chip Alvin Rice, Convertible Note, Convertible Notes, Cosmin I Panait, Crownbridge Partners LLC, Daniels Corporate Advisory Company, Edward M Liceaga, George Investments LLC, GPL Management LLC, GPL Ventures, Ibrahim Almagarby, Iliad Research and Trading LP, JMJ Financial, John M. Fife, Joseph Lerman, Justin W Keener, L2 Capital LLC, Las Vegas Railway Express, LG Funding LLC, LIG Assets, Louis Posner, Microcap Equity Group LLC, Miles M Riccio, Morningview Financial LLC, Oasis Capital LLC, otc, Penny stocks, River North Equity LLC, SEC, SEC Action, SEC Actions, SEC Complaint, SEC enforcement, SEC Subpoena, Securities and Exchange Commission, Securities Fraud, Sepas Ahdoot, Soheil Ahdoot, Tonaquint Inc, Toxic Lender, Typenex Co-Investment LLC, Unregistered broker-dealer, Unregistered Dealer
Why are Microcaps Trading on the NASDAQ and NYSE Exchanges?
In the past three years, some important changes have occurred to how “penny stocks” or “microcaps” trade and are regulated. By the early 2000s, they’d moved from the obscurity of the National Quotation Bureau’s Pink Sheets to a… Read More
Category: Blog Posts Tags: AMC, AMC Entertainment Holdings, APES, APS, Awesome Penny Stock, CMKM Diamonds Inc, CMKX, compliance, Cromwell Coulson, delisting, Dilution, dormant shells, E-Trade, Eric Van Nguyen, Expert Market, Fidelity, FINRA, GameStop, GME, Grey Market, initial public offering, IPOs, John Babikian, low floats, Market-adjustable securities, meme stocks, microcaps, nasdaq, nyse, OTC Link, OTC Markets Group, OTCBB, Penny stocks, pink sheets, preferred stock, promissory notes, ramp-and-dump, Reddit, reverse split, Rule 15c211, SEC, Securities Attorney, Shell, shell hijacking, shell peddler, stock manipulation, Stock Promotion, TD Ameritrade, warrants
SEC Charges Adam R. Long, L2 Capital, LLC and Oasis Capital LLC, as Unregistered Dealers
On September 28, 2023, the Securities and Exchange Commission (the “SEC“) filed charges against Adam R. Long of Dorado, Puerto Rico, and two companies Long owns and controls for acquiring and selling nearly 6 billion shares of… Read More
Category: Blog Posts Tags: 12 Retech Corp (RETC), ABCO Energy Inc (ABCE), Adam Long, Agritek Holdings Inc (AGTK), Alexander J Dillon, Alfred Sollami, Allstar Health Brands Inc (ALST), Aluf Holdings, Arch Therapeutics Inc (ARTH), Arena Group Holdings Inc (AREN), Astro Aerospace Ltd (ASDN), Auctus Fund LLC, Auctus Fund Management LLC, Axxess Pharma, BHP Capital NY Inc, Bowmo Inc (BOMO), Bridgeway National Corp (fka BDGY), broker-dealer, Bryan Panofel, Bulova Technologies Group, Carebourn Capital LP, CD International Enterprises, Chicago Ventures Partners LP, Chip Alvin Rice, Connexa Sports Technologies Inc (CNXA), Convertible Note, Convertible Notes, Cosmin I Panait, Crownbridge Partners LLC, Cruzani Inc (CZNI), CUBA Beverage Company, Daniels Corporate Advisory Company, Dewmar International BMC, Digital Brands Group Inc (DBGI), Directview Holdings Inc (DIRV), East Coast Diversified Corp., Edward M Liceaga, Elray Resources, Energy Revenue America, Eyes on the Go, Fact Inc (FCTI), FBEC Worldwide Inc (FBEC), Generix Biotechnology Corp (GNBT), George Investments LLC, Gold & Silver Mining of Nevada, Gold and GemStone Mining Inc., GPL Management LLC, GPL Ventures, Green Energy Enterprises, Greenfield Farms Food, Grid Petroleum Corp./ Simlatus Corporation, Grow Solutions Holdings Inc (GRSO), Halberd Corporation, Halitron, Healthnostics, Hybrid Coating Technologies, Ibrahim Almagarby, Iliad Research and Trading LP, In Ovations Holdings, Indo Global Exchange(s) Pte, InoLife Technologies, Integral Technologies Inc (fka ITKG), InternetArray, IOTA Communications Inc (fka IOTC), Jaguar Health Inc (JAGX), JMJ Financial, John M. Fife, Joseph Lerman, Justin W Keener, L2 Capital LLC, Las Vegas Railway Express, LG Funding LLC, LIG Assets, Longeveron Inc (LGVN), Lord Global Corporation (LRDG), Louis Posner, Magnum Opus Acquisition Ltd (OPA), Mansfield-Martin Exploration Mining Inc (fka MCPI), Maptelligent Inc (MAPT), Medical Care Technologies Inc., Medizone International Inc (MZEIQ), MGT Capital Investments Inc (MGTI), Microcap Equity Group LLC, Miles M Riccio, Mining Global, Morningview Financial LLC, MyECheck, Next Galaxy Corp., North American Cannabis Holdings, NuGenerex Immuno-Oncology Inc (fka NUGX), Oasis Capital LLC, Ocean Thermal Energy (CPWR), Origin Agritech Ltd (SEED), otc, Penny stocks, PM&E, PotNetwork Holdings Inc., PPJ Healthcare Enterprises, Predictive Oncology Inc (POAI), Prenetics Global Limited (PRE), Propanc Biopharma Inc (PPCB), Quantum Computing Inc (QUBT), Quantum Materials Corp (QTMM), Quasar Aerospace Industries, Riot Blockchain (RIOT), River North Equity LLC, Sanomedics, SEC, SEC Action, SEC Actions, SEC Complaint, SEC enforcement, SEC Subpoena, Securities and Exchange Commission, Securities Fraud, Sepas Ahdoot, Seven Arts Entertainment, Sharing Economy International Inc (SEII), Sintx Technologies Inc (SINT), Slinger Bag Inc (SLBG), Soheil Ahdoot, Spectrum Global Solutions Inc (SGSI), Sphere 3D Corp (ANY), Terawulf Inc (WULF), Tonaquint Inc, Toxic Lender, Typenex Co-Investment LLC, Unregistered broker-dealer, Unregistered Dealer
SEC Charges Unregistered Brokers, Jeffrey K. Galvani and Stuart A. Jeffery, for Facilitating $1.2 Billion in Penny Stock Trades
On November 17, 2022, the Securities and Exchange Commission (the “SEC”) charged Jeffrey K. Galvani, Stuart A. Jeffery, and two New York-based entities they controlled with operating as unregistered broker-dealers that facilitated more than $1.2 billion of securities… Read More
Category: Blog Posts Tags: broker-dealer, Charlie Abujudeh, Convertible Note, Crito Capital LLC, Dodd Frank Bounty, dodd-frank, doj, Exchange Act Section 15(a), GEL Direct LLC, GEL Direct Trust, Jeffrey K Galvani, Penny Stock, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Charges, SEC Claim, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Section 15(a) registration, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, stock scheme, Stuart A Jeffery, Toxic Convertible Note, Toxic Lender, Unregistered Broker, Unregistered broker-dealer, Unregistered Dealer
Securities and Exchange Commission v. Manhattan Transfer Registrar Company and John C. Ahearn
On September 20, 2022, the Securities and Exchange Commission (the “SEC”) charged recidivists Manhattan Transfer Registrar Company (“Manhattan Transfer”), a registered transfer agent based in Port Jefferson, New York, and its former principal, John C. Ahearn, a resident… Read More
Court Denies Carebourn Capital’s Motion for Judgement on the Pleadings in SEC Case
On May 24, 2022, United States District Judge Katherine Menendez filed her Order in response to Carebourn Capital, L.P.’s Motion for Judgement on the Pleadings to dismiss the Securities and Exchange Commission (“SEC”) case filed against the penny… Read More
SEC Sues Carebourn Capital, L.P. and Its Managing Partner Chip Rice for Acting as an Unregistered Securities Dealer
On September 24, 2021, the Securities and Exchange Commission (“SEC”) charged Carebourn Capital, L.P. and its managing partner Chip Rice of Maple Grove, Minnesota, with acting as unregistered securities dealers in connection with their buying and selling of… Read More
Category: Blog Posts Tags: ADGO, Advantego Corp, AFPW, Alexander J Dillon, AlumiFuel Power Corp, Anthony LG, APPZ, Bergio International Inc, BlackOaks Capital LP, Booski Consulting LLC, Bravtek Solutions Inc, BRGO, broker-dealer, BVTK, Carebourn Capital, Carebourn Capital LP, Carebourn Partners LLC, CGAC, Chicago Venture Partners L.P., Chip Rice, Code Green Apparel Corp, Convertible Notes, Cosmin I Panait, Dark Pulse Inc, DNRG, Dodd Frank Bounty, dodd-frank, Dominovas Energy Corp, DPLS, DRNK, Eventure Interactive Inc, EVTI, FastFunds Financial Corp, FDBL, Feltl & Company, FFFC, Fonu2 Inc, Form F-1, Form S-1, FPFI, Fresh Promise Foods Inc, Friendable Inc, FUNO, Going Public, GPL Management LLC, GPL Ventures LLC, GRAS, Greenfield Farms Food Inc, Groove Botanicals Inc, Growth Solutions Holdings, GRSO, GRVE, Iliad Research and Trading L.P., INND, Innerscope Hearing Technologies Inc, JDF Capital Inc, JMJ Financial, John Fierro, John Fife, Justin W Keener, Kelci Rice, KOAN, Labor Smart Inc, Logan Rice, LTNC, Michael Wruck, Miller Johnson Steichen Kinnard Inc, Minnesota, Monster Arts Inc, More Capital LLC, More Capital Partners LP, Ngen Technologies Holdings Corp, NGRP, Noho Inc, Optec International Inc, OPTI, Ozop Energy Solutions Inc, OZSC, Patten Energy Solutions Inc, Pazoo Inc, PEII, Petron Energy II Inc, PETV, PetVivo Holdings Inc, Powerstorm Holdings Inc, PPCB, Propanc Health Group Corp, PSTO, PTTN, PZOO, Resonate Blends Inc, Revolutions Medical Corp, RMCP, RVUE, Rvue Holdings Inc, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Section 15(a)(1), Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, St George Investments LLC, The Staffing Group Ltd, Tonaquint Inc, toxic financing, toxic lending, trading suspension, Typenex Co-Investment LLC, Unregistered Dealer, Wisdom Homes of America Inc, WOFA, Wowio Inc, WWIO, ZONX, Zonzia Media Inc
Two Jackson Men Charged in Multi-Million Dollar Fraud Scheme Conspiracy
On May 20, 2021, Ted Brent Alexander and Jon Darrell Seawright both of Jackson, Mississippi, were indicted by a federal grand jury for their roles in a large multi-million dollar Ponzi scheme that adversely affected hundreds of victims across multiple states over about eight years.
Category: Blog Posts Tags: Alexander Seawright Transportation LLC, Arthur Lamar Adams, Baker Donelson, bankruptcy fraud, Brent Alexander, criminal, Dodd Frank Bounty, dodd-frank, doj, Indictment, Jon Darrell Seawright, lumber, Madison Timber Properties LLC, Mississippi, ponzi scheme, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Ted Brent Alexander, trading suspension, wire fraud
Finra Investigates BNP Paribas
On October 24, 2019, the Financial Industry Regulatory Authority (FINRA) announced a settled enforcement action involving BNP Paribas Securities Corp. and BNP Paribas Prime Brokerage, Inc. A lengthy FINRA investigation found that although the firms did a brisk… Read More
SEC Charges Reverse Merger Shell Brokers, Tiber Creek and James Cassidy
On March 26, 2019, the Securities and Exchange Commission (SEC) announced settled actions against Reverse Merger Shell Brokers, James K. McKillop, attorney James M. Cassidy, and Cassidy’s firm Tiber Creek Corp. The agency accused both men of acting… Read More
Category: Blog Posts Tags: Form S-1 Selling Stockholder, Form S-1 Selling Stockholder Requirements, Form S-1. Registration Statement, Go Public, Go Public Attorney, Go Public Lawyer, Going Public, Going Public Attorneys, Going Public Lawyer, Going Public Lawyers, going public transactions, initial public offering, IPO, Prospectus, Prospectus Requirements, public vehicle, pump and dump, Regulation S-K, Reverse Merger, Rule 144, Rule 6490, S-1, S-1 Going Public, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Quiet Period, SEC Registration Statement, SEC Reporting Requirements, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, securities offerings, Shell Company, shell hijacking, shell peddler, stock manipulation, stock promotions, stock registration, Toxic Convertible Note, toxic debt, toxic financing, Toxic Financings, toxic funding, trading suspension, unregistered stock
Scottsdale and John Hurry Push Back to Stop FINRA Investigation
On December 17, 2018, John Hurry broker dealer, Scottsdale Capital Advisers Corporation sued the Financial Industry Regulatory Authority (“FINRA”), for breach of contract in the U.S. District Court for the District of Columbia. Scottsdale and its sister company,… Read More
Category: Blog Posts Tags: Alpine, Alpine Securities, FINRA, FINRA enforcement, John Hurry, Justine Hurry, Scottsdale
How to Spot a Penny Stock Scam
Have you ever played a penny stock? Or invested in one you believed or hoped was real, perhaps even the Next Big Thing? If so, you probably know the roads in Pennyland are full of potholes. Many of… Read More
Category: Blog Posts
JH Darbie Charged in Calissio Resources Scam – Securities Lawyer 101
On March 27, 2018, the Securities and Exchange Commission (SEC) announced a settled administrative proceeding against broker-dealer J.H. Darbie & Co., Inc., and Robert Y. Rabinowitz, Darbie’s majority owner and CEO. On its surface, the suit… Read More
Category: Blog Posts Tags: Calissio Resources, dodd-frank, FBI sting, FBI Undercover, FINRA Halt, fraud, Investor Loss, Investor Victims, JH Darbie, nasdaq, nyse, Officer Director Bar, OTC Markets, Penny Stock, Penny Stock Bar, penny stock scam, penny stock scheme, penny stock sting, ponzi scheme, pump and dump, Sarbanes-Oxley, Scalping, scam, SEC, SEC Action, SEC Actions, SEC Administrative Proceeding, SEC anti-fraud, SEC Attorney, sec bar, SEC Bounty, SEC Charge, SEC Charges, SEC Claim, SEC Complaint, SEC Defendant, SEC Defense, SEC Defense Attorney, SEC Defense Lawyer, SEC Division of Enforcement, SEC enforcement, SEC Fraud, SEC Halt, SEC Injunction, SEC Investigation, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Reporting Requirements, SEC Section 17(b), SEC Subpoena, SEC Suit, SEC Trading Suspension, Section 17(b), Section 5 violation, Securities Act, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Indictment, Securities Law Defense, Securities Lawyer, SPAC, stock manipulation, stock scheme, trading suspension, Wells Notice
