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…. Read More
Category: Blog Posts Tags: Accredited Investor, Accredited Investor Verification, Accredited Investor Verification Provider, Form D, Form D Lawyer, Notice of Sales, Offering Lawyer, Offering Memorandum Lawyer, PPM, PPM Lawyer, Private Placement, Private Placement Lawyer, Regulation D, Regulation D Attorney, Regulation D Attorneys, Regulation D Capital Raise, Regulation D Form D, Regulation D Funding, Regulation D Law Firm, Regulation D Lawyer, Regulation D Lawyers, Regulation D Offering, Regulation D Requirements, Regulation Form D, Regulation Form D Attorney, Regulation Form D attorneys, Regulation Form D Lawyers, Regulation Form D Offering, Regulation Form D Reporting, Regulation Form D Requirements, Regulation Form D SEC Reporting, Regulation Form D Securities Offering, Rule 504, Rule 504 lawyer, Rule 506, Rule 506 (b), Rule 506 Lawyer, Rule 506-c, Rule 506-c Lawyer, Rule 506(b), Rule 506(c), SECTION 4(A)6, Securities Offering Lawyer
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
Category: Blog Posts Tags: beatpennystocks, Boiler Room, BRZL, CannaPharmaRx Inc, Charlie Abujudeh, CPMD, CZA Inc, dearwallstreet, Dodd Frank Bounty, dodd-frank, HQ Global Education Inc, HQGE, IBGR, Indictment, Intermarket Associates LLC, ITNS, Itonis Inc, makepennystocksgreatagain, market risking llc, marketprofitcenter, Nexus Energy Services Inc, Odyssey Group International Inc, ODYY, Penny stocks, phone center, protraderelite, Quantum Capital Funding LLC, Scepter Holdings Inc, 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 Promotion, stock scheme, stockoftheweek, thewolfofpennystocks, trading suspension, Unregistered Dealer
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
Category: Blog Posts Tags: Albania, Charles McGonigal, conspiracy, counterintelligence, counterintelligence official, Criminal Indictment, dark web, Donald Trump, fbi, Indictment, Money Laundering, Mueller Report, Oleg Deripaska, Oligarch, Paul Manafort, Robert Mueller, RUAL.MM, Rusal, Russia, Sergey Shestakov, Shell Companies, spy, traitor, Trump-Russia investigation, US Sanctions, Vladimir Putin
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
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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: Class of Securities, Direct Listing, Direct Listing Requirements, Direct Public Listing, Direct Public Offering, DPO, Emerging Growth Company, Exchange Act, Foreign Company, Foreign Issuer, Foreign Private Issuer, Form 10, Form 10 Attorney, Form 10 Attorneys, Form 10 Disclosures, Form 10 Effective, Form 10 Going Public, Form 10 Lawyer, Form 10 Lawyers, Form 10 Registration, Form 10 Registration Statement, Form 10 Shell, Form 10 Shell Company, Form 10-K, Form 10-Q, Form 10-Q Periodic Report, Form 8-A, Form 8-A registration statement, Form 8-K, Form F-1, Form F-1 Attorney, Form F-1 Attorneys, Form F-1 Capital, Form F-1 Capital Raise, Form F-1 Law Firm, Form F-1 Law Firms, Form F-1 Lawyer, Form F-1 lawyers, Form F-1 Offering, Form F-1 Prospectus, Form F-1 Quiet Period, Form F-1 Registered Offering, Form F-1 Registered Offerings, Form F-1 Registration Statement, Form F-1 Registration Statements, Form F-1 Resale, Form F-1 Resales, Form F-1 Selling Shareholder, Form F-1 Selling Shareholder Requirements, Form F-1 Selling Stockholder, Form F-1 Selling Stockholder Requirements, Form S--1 filing, Form S-1, Form S-1 Attorney, Form S-1 Attorneys, Form S-1 Capital Raise, Form S-1 filing requirements, Form S-1 Law Firm, Form S-1 Law Firms, Form S-1 Lawyer, Form S-1 lawyers, Form S-1 Listing, Form S-1 Offering, Form S-1 Prospectus, Form S-1 Quiet Period, Form S-1 Registered Offering, Form S-1 Registered Offerings, Form S-1 Registration Statements, Form S-1 Resale, Form S-1 Resales, Form S-1 Selling Shareholder, Form S-1 Selling Shareholder Requirements, Form S-1 Selling Stockholder, Form S-1 Selling Stockholder Requirements, Form S-1. Registration Statement, Form S-3, Form S-4, Go Public, Go Public Attorney, Go Public Direct, Go Public Lawyer, Going Public, Going Public Attorney, Going Public Attorneys, Going Public Law Firm, Going Public Lawyer, Going Public Lawyers, IPO, Listing, nasdaq, nyse, OTC Markets, Periodic Reporting, Prospectus, Prospectus Requirements, Public Company, Public Company Reporting Requirements, Register Securities, Registration Statement, Regulation S-K, S-1 Going Public, SEC Forms, SEC Periodic Reporting, SEC Quiet Period, SEC Registration, SEC Registration Statement, SEC Reporting, SEC Reporting Obligations, SEC Reporting Requirements, Section 12(b), Section 12(g), Section 16, Securities Act, Securities Attorney, Securities Exchange Act, Securities Exchange Act of 1934, Securities Lawyer
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, 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
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
Category: Blog Posts Tags: 1st Prestige Wealth Management, Aladdin Trading & Company, ALDI, Andrea Ritchie, Angelo R. Panetta, Ashley Robinson, Barry Grinberg, BIIO, Bionovate Technologies Group Inc, Bioscience Neautroceuticals Inc, broker-dealer, Carlsbad, Cayman Islands, cbd, Chad P. Smanjak, Charlestowne Premium Beverages Inc, College Admissions Scandal, cooperating witness, Country Line Energy Corp, Courtney Kelin, criminal charges, cross trading, Curacao, CYLC, Daniel E. Ruettiger, DEVV, doj, Douglas Roe, EHDN, eHolding Technologies, Empire Financial Group Inc, Evergreen Solutions Ltd, fbi, Financials Worldwide Inc, FINRA, First Pet Life Inc, FPLF, FPWM, fraud, Frederick Sharp, Gary J. Yocom, Germany, Gregg Mulholland, Hong Kong, Human Data AG, Hungary, Indictment, Jonathan Leinwand, Joseph Padilla, Kelly Warawa, Kevin Quinn, Kevin S. Kaplan, lev Parnes, Luis Carillo, Market Maker, Martin Ustin, Mehmet Mustafoglu, Mexico, Michael Luckhoo-Bouche, Mike Veldhuis, Militza Miro de Torm, Morrie Tobin, National Advisors Corporation, Nelson Gomes, PAIM, Panama, Pawel P. Dynkowski, Pearl Asian Mining Industries, Penny stocks, pennystockbargain.com, Phoenix Apps Inc, Porrima Ltd, Program Trading Corp, Promotion, pump and dump, PXPP, Rivex Technology Corp, RIVX, Rocco Brandonisio, Roger Knox, Rudy Nutrition, RUNU, Sandy Steele Unlimited Inc, SBES, scam, Scottsdale Capital Advisors Corp, 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, Shane Schmidt, share selling scheme, Silverton SA, Special Agent Keith Brown, SSTP, SSTU, Stephen DeCesare, Sterling Financial Group Inc, Sterling Securities Group, stock manipulation, stock scheme, Sustainable Power Corp, Switzerland, the-financialnews.com, Ticino Capital Ltd, toronto, unregistered stock, Valor Capital, VFIN, vFinance, vFinance Inc, vFinance Investments Inc, VMT Scientific Inc, VMTS, vodka, Wellesley Holdings ltd, William Groeneveld, WinterCap SA, WOD Retail Solutions Inc, WODI, xphone network
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
What are the SEC Periodic Reporting Requirements? Form 10-K, Form 10-Q and Form 8-K Reports
Once the staff of the Securities and Exchange Commission (“SEC”) declares a company’s registration statement on Form S-1 effective under the Securities Act of 1933, as amended (the “1933 Act”), the company may offer and sell the registered… Read More
Category: Blog Posts Tags: Form 10, Form 10 Registration Statement, Form 10-K, Form 10-Q, Form 8-K, Form S-1, Form S-1. Registration Statement, Go Public, Going Public, Periodic Reporting, Registration Statement, SEC Periodic Reporting, SEC Registration Statement, Securities Act, Securities Attorney, Securities Exchange Act of 1934, Securities Lawyer
Nasdaq puts the brakes on IPOs of at least 4 small Chinese companies while it probes suspicious market activity
According to various internet reports, Nasdaq Inc has halted the initial public offerings (IPOs) of at least four small Chinese companies while it investigates short-lived stock rallies of other recent Chinese IPOs after going public. Several small Chinese… Read More
Category: Blog Posts Tags: Addentax Group Corp, Amtd Digital Inc, ATXG, China, Chinese IPO, Chinese Stocks, HKD, Initial Public Offerings, IPO, Jianzhi Education Technology Group Company Limited, JZ, Magic Empire Global Ltd, MEGL, nasdaq, Nasdaq Inc, Penny Stock, pre-IPO, pump and dump, stock manipulation
Five Russians and Two Oil Traders Charged in Global Sanctions Evasion and Money Laundering Scheme
A 12-count indictment was unsealed on October 19, 2022, in federal court in Brooklyn, New York, charging five Russian nationals, Yury Orekhov, Artem Uss, Svetlana Kuzurgasheva, also known as “Lana Neumann,” Timofey Telegin and Sergey Tulyakov with various… Read More
Category: Blog Posts Tags: Artem Uss, China, Germany, Indictment, Juan Carlos Soto, Juan Fernando Serrano Ponce, Juanfe Serrano, Krasnoyarsk Krai, Lana Neumann, Money Laundering, Nord-Deutsche Industrieanlagenbau GmbH, oil, oligarchs, Opus Energy Trading LLC, PDVSA, Petroleos de Venezuela SA, Russia, Russian Oligarchs, sanctions, Sergey Tulyakov, smuggling, Svetlana Kuzurgasheva, Timofey Telegin, Ukraine, war, Yury Orekhov
SEC Defendant and FBI Fugitive Justin Costello Arrested
On October 4, 2022, SEC Defendant and FBI fugitive Justin Costello was arrested by an FBI SWAT team. Costello had been on the run from authorities as a fugitive since September 29th after failing to surrender to authorities… Read More
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OTC Markets Group Reflects on Amended Rule 15c2-11
The last week of September marked the one-year anniversary of the compliance date for the Securities and Exchange Commission (“SEC”) amendments to Securities and Exchange Act Rule 15c2-11, which regulates the quotation of over-the-counter securities. As we shall… Read More
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SEC Registration Statements And Direct Public Offerings Q & A
SEC Registration Statements And Direct Public Offerings Q & A Filing a Form S-1 registration statement is the most efficient and reliable method for a private company to obtain public company status. Using a Form S-1 registration statement,… Read More
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