Reverse Mergers After Amended Form 15c-21
A “Reverse Merger” is a transaction whereby a privately held company becomes a Public Company (“Public Company” or “Public Company Candidate”) by acquiring or merging with a publicly traded company that is usually quoted on the OTC Markets… Read More
Category: Blog Posts Tags: 15c-211, Alternative Reporting Standards, Bad Actor, control person, cusip, custodianship shell, Direct Public Offering, director, dorman shell, DTC Eligibility, Due Diligence, Expert Market, Financial Industry Regulatory Authority, financials, FINRA, Form 211, Form 8-K, initial public offering, officer, OTC Markets, OTC Pink, OTCQB, Public Company, Public Company candidate, Reverse Merger, reverse stock split, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, 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 Reporting, SEC Subpoena, SEC Suit, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Shell Company, stock scheme, Transfer Agent, Unregistered broker-dealer, US GAAP, zombie ticker
SEC Charges Sean Wygovsky and Christopher Matthaei in Multi-Million Dollar SPAC Insider Trading Scheme
On March 30, 2023, the Securities and Exchange Commission (the “SEC“) filed insider trading charges against Sean Wygovsky, a former trader at a Canadian asset management firm, and Christopher Matthaei, a former partner at a U.S. broker-dealer, for… Read More
Category: Blog Posts Tags: Archer Aviation Inc, Artius Acquisition Inc, Atlas Crest Investment Corp, Christopher Matthaei, criminal charges, dMY Technology Group, fraud, Fusion Acquisition Corp, Healthcare Merger Corp, Hyliion Inc, Inc, Indictment, insider trading, LP, MoneyLion Inc, nasdaq, nyse, Origin Materials Inc, Otonomo Technologies Ltd, Public Company, Rush Street Interactive, Sean Wygovsky, 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 Fraud, Securities Law Defense, SOC Telemed, Software Acquisition Group Inc. II, SPAC, special purpose acquisition companies, stock scheme, Tortoise Acquisition Corp
Lindsay Lohan, Jake Paul and six other celebrities charged by the SEC in crypto fraud
On Wednesday, March 22nd, the Securities and Exchange Commission (the “SEC“) announced charges against eight celebrities in connection with a broader investigation of crypto entrepreneur Justin Sun and three of his companies: Tron Foundation Limited, BitTorrent Foundation Ltd.,… Read More
Category: Blog Posts Tags: Akon, Aliaune Thiam, Austin Mahone, BitTorrent, BitTorrent Foundation Ltd, BTT, crypto, DeAndre Cortez Way, fraud, illegal sales, Jake Paul, Justin Sun, Kendra Lust, Lil Yachty, Lindsay Lohan, market manipulation, Michele Mason, Miles Parks McCollum, Ne-Yo, Rainberry Inc, 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 Attorney, Securities Fraud, Securities Law Defense, securities violation, Shaffer Smith, Soulja Boy, stock scheme, Tron Foundation Limited, Tronix, TRX, unregistered securities, wash trading
Motion to Dismiss Denied by Court in DarkPulse Case Against EMA Financial LLC
On March 1, 2023, EMA Group, LLC (“EMA Group”) and Felicia Preston (“Preston”), the sole owner of EMA Group, lost a motion to dismiss RICO charges in a lawsuit filed against the lender by Darkpulse, Inc. (“Darkpulse”). Darkpulse… Read More
Category: Blog Posts Tags: civil charges, Dark Pulse Inc, death spiral, discounted stock, EMA Financial LLC, EMA Group LLC, Felicia Preston, Ibrahaim Almagarby, lawsuit, Microcap Equity Group, Penny Stock, predatory lending, RICO charges, SEC Action, SEC Administrative Proceeding, SEC Attorney, 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, Securities Fraud, Securities Law Defense, stock scheme, the Basile Law Firm PC, toxic debt, Toxic Lender, unjust enrichment, Usury Laws
SEC Charges The Church of Jesus Christ of Latter-day Saints and Its Investment Management Company for Disclosure Failures and Misstated Filings
On February 21, 2023, the Securities and Exchange Commission (the “SEC“) announced charges against Ensign Peak Advisers Inc., a non-profit entity operated by The Church of Jesus Christ of Latter-day Saints to manage the Church’s investments, for failing… Read More
Category: Blog Posts Tags: Ensign Peak Advisers Inc, Form 13F, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, 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 Order, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, securities, Securities and Exchange Commission, Securities Fraud, Securities Law Defense, Shell Companies, stock scheme, The Church of Jesus Christ of Latter-day Saints
SEC Charges NBA Hall of Famer Paul Pierce for Unlawfully Touting and Making Misleading Statements about Crypto Security
On February 17, 2023, the Securities and Exchange Commission (the “SEC“) charged yet another celebrity for promoting a crypto asset security without disclosing the nature, source, and amount of compensation they received in exchange for the promotion. This… Read More
Category: Blog Posts Tags: anti-touting, crypto, EMAX, ethereummax, federal securities laws, fraud, NBA, Paul Pierce, Promotion, SEC, SEC Order, Securities and Exchange Commission, Securities Attorney, Twitter
Rule 506(b) and Rule 506(c) State Blue Sky Laws
While the Securities and Exchange Commission (the “SEC“) regulates and enforces the federal securities laws, each state has its own securities regulator who enforces what is known as “blue sky” laws. If a company is selling securities, it… Read More
Category: Blog Posts Tags: Accredited Investor, Accredited Investor Verification, Accredited Investor Verification Provider, Blue Sky, Blue Sky Laws, Crowdfund, Crowdfunding, Crowdfunding Capital Raise, Crowdfunding Financing, Crowdfunding Lawyer, Form C, Private Placement, Regulation CF, Regulation CF Attorney, Regulation CF Attorneys, Regulation CF Capital Raise, Regulation CF Crowdfunding, Regulation CF Funding, Regulation CF Law Firm, Regulation CF Lawyer, Regulation CF Lawyers, Regulation CF offering, Regulation CF Requirements, Regulation Crowdfunding, Regulation Crowdfunding Attorney, Regulation Crowdfunding attorneys, Regulation Crowdfunding Lawyers, Regulation Crowdfunding Offering, Regulation Crowdfunding Reporting, Regulation Crowdfunding Requirements, Regulation Crowdfunding SEC Reporting, Regulation Crowdfunding Securities Offering, Regulation D, Rule 506, Rule 506 (b), Rule 506-c, Rule 506(c), SECTION 4(A)6
General Solicitation and Advertising in Rule 506 Offerings
Both public and private companies may conduct securities offerings using Rule 506. The exemption provides a valuable tool for enabling issuers to obtain shareholders in connection with a going public transaction particularly issuers electing to go public direct.
Category: Blog Posts Tags: Accredited Investor, Accredited Investor Verification, Accredited Investor Verification Provider, Crowdfund, Crowdfunding, Crowdfunding Capital Raise, Crowdfunding Financing, Crowdfunding Lawyer, Form C, Private Placement, Regulation CF, Regulation CF Attorney, Regulation CF Attorneys, Regulation CF Capital Raise, Regulation CF Crowdfunding, Regulation CF Funding, Regulation CF Law Firm, Regulation CF Lawyer, Regulation CF Lawyers, Regulation CF offering, Regulation CF Requirements, Regulation Crowdfunding, Regulation Crowdfunding Attorney, Regulation Crowdfunding attorneys, Regulation Crowdfunding Lawyers, Regulation Crowdfunding Offering, Regulation Crowdfunding Reporting, Regulation Crowdfunding Requirements, Regulation Crowdfunding SEC Reporting, Regulation Crowdfunding Securities Offering, Regulation D, Rule 506, Rule 506 (b), Rule 506-c, Rule 506(c), SECTION 4(A)6
Regulation D Rule 504, Rule 506(b), Rule 506(c) Offering Exemptions
Securities offerings must be registered with the Securities and Exchange Commission (“SEC”) or exempt from registration. Private placements are unregistered, non-public securities offerings that rely on an available exemption from registration. Unregistered offerings of securities must rely on… Read More
Category: Blog Posts Tags: Accredited Investor, Accredited Investor Verification, Accredited Investor Verification Provider, Crowdfund, Crowdfunding, Crowdfunding Capital Raise, Crowdfunding Financing, Crowdfunding Lawyer, Form C, Private Placement, Regulation CF, Regulation CF Attorney, Regulation CF Attorneys, Regulation CF Capital Raise, Regulation CF Crowdfunding, Regulation CF Funding, Regulation CF Law Firm, Regulation CF Lawyer, Regulation CF Lawyers, Regulation CF offering, Regulation CF Requirements, Regulation Crowdfunding, Regulation Crowdfunding Attorney, Regulation Crowdfunding attorneys, Regulation Crowdfunding Lawyers, Regulation Crowdfunding Offering, Regulation Crowdfunding Reporting, Regulation Crowdfunding Requirements, Regulation Crowdfunding SEC Reporting, Regulation Crowdfunding Securities Offering, Regulation D, Rule 504, Rule 506, Rule 506 (b), Rule 506-c, Rule 506(c), SECTION 4(A)6
Gonzalo Ortiz Sentenced to 30 Months’ Imprisonment for Defrauding Investor and Lying about his Trading Experience
Gonzalo Ortiz was sentenced on February 2, 2023, in federal court in Brooklyn to 30 months in prison for defrauding an investor of nearly $600,000 by making false representations about his trading expertise and the profitability of various… Read More
Category: Blog Posts Tags: asset managers, Broker, FINRA, Gonzalo Ortiz, Indictment, investment advisor, investment counselors, investment managers, portfolio managers, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, 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, Securities and Exchange Commission, Securities Fraud, Securities Law Defense, stock scheme, stock trading, wealth managers
SEC Obtains Over $5 Million Final Judgment Against Charlie Abujudeh in Multi-Million Dollar Microcap Pump and Dump Scheme
On January 20, 2023, the U.S. District Court for the Eastern District of New York entered a final judgment against California resident Charlie Abujudeh whom the SEC had charged for his role in a microcap fraud scheme targeting… Read More
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Former top FBI official Charles McGonigal arrested over ties to Russian oligarch Oleg Deripaska
Charles McGonigal, a former top counterintelligence official in the FBI’s New York Field Office, who retired from the FBI in 2018, has been arrested and charged in two separate cases involving his dealings with foreign operatives, including billionaire… Read More
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SEC Charges Avraham Eisenberg with Manipulating Mango Markets’ “Governance Token” to Steal $116 Million of Crypto Assets
On January 20, 2023, the Securities and Exchange Commission (the “SEC”) charged Avraham Eisenberg with orchestrating an attack on a crypto asset trading platform, Mango Markets, by manipulating the MNGO token, a so-called governance token that was offered… Read More
Category: Blog Posts Tags: Avraham Eisenberg, CFTC, Commodities Futures Trading Commission, crypto, Department of Justice, Dodd Frank Bounty, dodd-frank, doj, fraud, Indictment, Mango Markets, market manipulation, MNGO, Puerto Rico, scam, 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 Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Fraud, Securities Law Defense, stock scheme, token
SEC Obtains Judgment Against Todd Zinkwich
On January 12, 2023, the U.S. District Court in Boston entered a final judgment by consent against Florida resident Todd Zinkwich, whom the SEC charged for engaging in a scheme to manipulate the market for numerous microcap stocks…. Read More
Category: Blog Posts Tags: Dodd Frank Bounty, dodd-frank, Eric Landis, 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 Division of Enforcement, SEC enforcement, SEC Fraud, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, stock scheme, Todd Zinkwich
SEC Charges Andrew DeFrancesco, Marlio Mauricio Diaz Cardona, Carlos Felipe Rezk, Nikola Faukovic, and Catherine DeFrancesco for their roles in a fraudulent scheme to mislead investors about Cool Holdings, Inc
On January 6, 2023, the Securities and Exchange Commission (“SEC”) announced charges against five individuals for their roles in a fraudulent scheme to mislead investors about Cool Holdings, Inc., a publicly-traded company (“Cool”). The SEC alleges that, from… Read More
Category: Blog Posts Tags: Andrew DeFrancesco, Bankruptcy, Carlos Felipe Rezk, Catherine DeFrancesco, Cool Holdings Inc, Dodd Frank Bounty, dodd-frank, fraud, Marlio Mauricio Diaz Cardona, Nikola Faukovic, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, 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 Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Subpoena, SEC Suit, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Simply Inc, SIMPQ, stock scheme
OTC Markets Group Offers New Guidance for Submitting Attorney Letters
OTC Markets Group has published amendments to the Pink Basic Disclosure Guidelines. The amendments to the Guidelines have been updated to require additional information about ownership and to improve investor access to company disclosure by establishing best practices… Read More
SEC Wins $10.2 Million Judgment Against Justin W. Keener d/b/a JMJ Financial For Acting As Unregistered Penny Stock Dealer
On December 20, 2022, Judge Beth Bloom of the United States District Court for the Southern District of Florida entered a final judgment against Justin W. Keener d/b/a JMJ Financial. The SEC’s complaint alleged that Keener failed to… Read More
Category: Blog Posts Tags: Alexander J Dillon, Carebourn Capital LP, Chicago Venture Partners LP, Chip Rice, Cosmin I Panait, 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, Microcap Equity Group LLC, 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, St George Investments LLC, Tonaquint Inc, Toxic Lender, Typenex Co-Investment LLC, Unregistered Dealer
OTC Markets Group Publishes Guidance on Dilution Risk with Respect to OTCQX and OTCQB Applicants
OTC Markets published guidance with respect to Section 2.13(d) of the OTCQX Rules for U.S. Companies and Section 1.4(5) of the OTCQB Standards regarding the review of applications to the OTCQX and OTCQB markets. The notice is intended to… Read More
Category: Blog Posts Tags: 15c-211, beneficial owners, broker-dealer, convertible note lender, Dealer, Dilution Funder, Dilution Funding, Dilutive Financing, Edgar, FINRA, Foreign Issuer, Form 10-K, Listing Fees, OTC Markets Applicants, OTC Markets Group, OTCQB, OTCQB applicants, OTCQB Standards, OTCQX, OTCQX applicants, OTCQX rules, Penny Stock, pink sheets, Quotation, Reporting Requirement, Rule 12g3-2(b), SEC filer, Securities Exchange Commission, Toxic Convertible Note, toxic financier, toxic financing, Toxic Financings, toxic funding, Toxic Lender, toxic lending, Transfer Agent, Unregistered Dealer
SEC Charges J.H. Darbie & Co with Anti-Money Laundering Violations
On December 12, 2022, the Securities and Exchange Commission (the “SEC”) charged J.H. Darbie & Co., Inc., a New York City-based brokerage firm, with failing to report suspicious activity related to transactions in tens of billions of shares… Read More
Category: Blog Posts Tags: AML P&P, anti-money laundering policies and procedures, Auctus Fund LLC, C, Calissio Resource, CRGPs Group, Dodd Frank Bounty, dodd-frank, FINRA, FirstFire Global Opportunities Fund LLC, GHS Investments LLC, J.H. Darbie, JH Darbie & Co Inc, Labrys Fund LP, LGH Investments LLC, SARS, 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 Division of Enforcement, 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 17(a), Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, stock promotions, stock scheme, Suspicious Activity Reports, Unregistered Dealer
Members of New Republican House Majority Seek to Rein in Gary Gensler
A week before the 2022 midterm elections, the ranking members of four important committees of the House of Representatives composed and jointly signed a letter to Gary Gensler, Chair of the Securities and Exchange Commission, demanding answers to… Read More
Category: Blog Posts Tags: Bill Huizenga, broker-dealer, CFTC, Commodity Futures Trading Commission, congress, crypto, Cryptocurrencies, defi, Elad Roisman, FTX, Gary Gensler, Hester Peirce, House, House of Representatives, James Comer, Jim Jordan, Pat Toomey, Patrick McHenry, Republicans, securities, Securities and Exchange Commission, Subcommittee on Oversight and Investigations of the Committee on Financial Services, Tom Emmer
Charges Filed Against Eight Social Media Influencers in $100 Million Stock Manipulation Scheme Promoted on Discord and Twitter
On December 13, 2022, eight social media influencers were arrested and charged in the United States District Court for the Southern District of Texas Houston Division for a stock manipulation scheme that earned the group at least $114… Read More
Category: Blog Posts Tags: ABVC, ABVC BioPharma Inc, Alzamend Neuro Inc, ALZN, Atlas Trading, Atlas Trading Discord, BBI, Brickell Biotech Inc, Camber Energy Inc, CEI, China SXT Pharmaceuticals Inc, conspiracy to commit securities fraud, Daniel Knight, DatChat Inc, DATS, DipDeity, Discord, Discord Chat room, doj, Edward Constantinescu, Gary Deel, GTT, GTT Communications Inc, Hugh_Henne, Indictment, John Rybarczyk, LadeBackk, Mitchell Hennessey, MrZachMorris, notoriousalerts, ohheytommy, PERRY MATLOCK, PJ MATLOCK, PJ_Matlock, pump and dump, scam, scheme, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, 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, Securities and Exchange Commission, Securities Fraud, Securities Law Defense, Social Media, Stefan Hrvatin, Stock Scalping, stock scheme, SURF, Surface Oncology Inc, SXTC, Tom Cooperman, Torchlight Energy Resources Inc, TRCH, Twitter, Ultra_Calls, Universe Pharmaceuticals Inc, UPC
FTX Founder Samuel Bankman-Fried Charged by the SEC and Criminally Indicted
Today, December 13, 2022, the Securities and Exchange Commission (the “SEC”) charged Samuel Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX Trading Ltd. (“FTX”), the crypto trading platform of which he was the CEO and… Read More
Category: Blog Posts Tags: Alameda Research LLC, arrest, Bahamas, CFTC, Commodity Futures Trading Commission, crypto, Digital Assets, disgorgement, doj, fines, fraud, FTX, FTX Trading Ltd, Indictment, prison, restitution, Samuel Bankman-Fried, SBF, scam, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, 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, Securities and Exchange Commission, Securities Fraud, Securities Law Defense, stock scheme, wire fraud
Justin Bieber, Kevin Hart, Snoop Dogg, Madonna, Serena Williams, Jimmy Fallon, and More Are Being Sued for Promoting Bored Ape Yacht Club NFTs
A Class Action Complaint filed in the United States District Court Central District of California Western Division on December 8, 2022 names several A-list musicians, athletes and celebrities as defendants for promoting Bored Ape Yacht Club NFTs (“BAYC… Read More
Category: Blog Posts Tags: Abel Tesfaye, Adidas, Alexander Pall, Alexis Ohanian, Amy Wu, Andrew Taggart, Austin Richard Post, BAYC NFTs, Beeple, Bored Ape, Bored Ape Yacht Club, Calvin Broadus Jr, Christopher Lyons, class action, cryptocurrency, Dean Steinbeck, Diplo, DJ Khaled, Future, Greg Solano, Guy Oseary, Gwyneth Paltrow, Jasmin Shoemaker, Jimmy Fallon, Kerem Atalay, Kevin Hart, Khaled Mohammed Khaled, lawsuit, Maaria Bajwa, Madonna, Madonna Louise Ciccone, Mike Winkelmann, Nayvadius Wiburn Cash, NFTs, Nicole Muniz, Paris Hilton, Patrick Ehrlund, Post Malone, Promotion, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, 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, securities, Securities and Exchange Commission, Securities Fraud, Securities Law Defense, Serena Williams, Snoop Dogg, Stephen Curry, stock scheme, the Tonight Show, The Weeknd, Thomas Pentz, Universal Television LLC, Wardell Stephen Curry II, Wylie Aronow, Yuga Labs, Zeshan Ali
Audits With Deficiencies Increased in 2021, According to New PCAOB Staff Report
December 8, 2022 A new Public Company Accounting Oversight Board (“PCAOB”) staff report published this month, found on the Staff Publications page on the PCAOB website, shows a year-over-year increase in the number of audits with deficiencies at… Read More
Foreign Issuer Going Public Registration Statements and SEC Filings
The Securities and Exchange Commission (“SEC”) requires various forms of SEC registration statements covering the offer and sale of securities for both public and private companies. The eligibility and requirements of each SEC registration statement vary depending on… Read More
Category: Blog Posts Tags: Direct Listing, Direct Public Offering, DPO, Emerging Growth Company, Foreign Issuer, Foreign Private Issuer, Form F-1, Form S-1, Form S-3, Form S-4, Go Public, Going Public, IPO, nasdaq, nyse, OTC Markets, Public Company, Registration Statement, SEC Forms, SEC Registration Statement, Securities Act, Securities Exchange Act
David Stephens, Donald Danks, Jonathan Destler, and Robert Lazerus Indicted for Conducting an International Pump-and-Dump / Money Laundering Scheme Using Loop Industries Inc
On November 22, 2022, Canadian resident David Stephens and California residents Donald Danks, Jonathan Destler, and Robert Lazerus were charged in a federal grand jury indictment with securities fraud in connection with a pump-and-dump scheme, and Danks was… Read More
Category: Blog Posts Tags: David Stephens, Dodd Frank Bounty, dodd-frank, Donald Danks, FAMG, First American Group Inc, Form S-1, Going Public, Indictment, Jonathan Destler, LOOP, Loop Industries Inc, Robert Lazerus, 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 Division of Enforcement, 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, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, stock scheme, Thomas Puzzi, 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, 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, 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-dealer, Unregistered Dealer
Class Action Lawsuit filed against Tom Brady, Stephen Curry and other Athletes and Celebrities that Promoted FTX
By now, most people have heard about the epic collapse of FTX. The crypto exchange founded by Sam Bankman-Fried (“SBF”) was once the 3rd largest crypto exchange, with an estimated valuation of $32 billion, and is now in… Read More
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Joseph Padilla Arrested and Charged in $7 Million Securities Fraud
On August 25, 2022, Joseph Padilla was arrested at the San Diego International Airport in connection with his alleged involvement in a sophisticated securities fraud scheme that generated over $7 million in illicit proceeds. Padilla, 53, of Carlsbad,… Read More
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SEC Charges Incarcerated Felon (Syed Arham Arbab) and Five Friends in $2 Million Fraud Scheme
On October 31, 2022, the Securities and Exchange Commission charged six individuals, including a federal inmate, for conducting a freeriding scheme that defrauded multiple broker-dealers. The SEC’s complaint alleges that from May 2019 to early January 2021, Syed… Read More
Category: Blog Posts Tags: Blake Douglas McKinney, broker-dealers, Dodd Frank Bounty, dodd-frank, fraud, freeriding scheme, John Ryan Shows, Mushfiqur Rahman, ponzi scheme, 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 Division of Enforcement, 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, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, stock scheme, Syed Arham Arbab, Tomas Javier Jimenez, trading suspension, University of Georgia, Unregistered Dealer, William Carl Spagnoli
