SEC Charges Trends Investments Inc., Clinton Greyling and Leslie Greyling
On June 9, 2022, the Securities and Exchange Commission (the “SEC”) charged Trends Investments Inc. and five individuals, Clinton Greyling of Florida, Leslie Greyling (Clinton’s father, a resident of the United Kingdom), former Massachusetts resident Brandon Rossetti, Roger… Read More
Category: Blog Posts Tags: ABTI, Adiba Khalik, Adiba Rezaei, Alterola Biotech Inc, Anne M E Greyling, Brandon Rossetti, Bulls Run Investments Limited, Cennet Investments Limited, Clinton Greyling, Crystalmount Limited, Dheeraj Jain, Dodd Frank Bounty, dodd-frank, Domenic Calabrigo, E-Pawn.com, EPWN, Future Trends Ltd, Jeffrey D Martin, Lalit Kumar, Leslie Greyling, London Pharma Holdings Limited, Members Service Corp, MENC, Millennium Energy Corp, Nankalamu Martin, Norfolk Hights Ltd, Pacific Media Group Enterprises Inc, Peter Maddocks, Rajesh Taneja, Roger Bendelac, 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, Steve M Bajic, Thomas Capellini, TKCM, Token Communities Ltd, Total Investment Holding Ltd, trading suspension, Trends Investments Inc, Unregistered Dealer
In Jarkesy v. Securities and Exchange Commission, the US Court of Appeals for the Fifth Circuit held that the Securities and Exchange Commission’s (SEC) adjudication of fraud cases in administrative proceedings is unconstitutional
On May 18, 2022, the US Court of Appeals for the Fifth Circuit in Jarkesy v. Securities and Exchange Commission held that the Securities and Exchange Commission’s administrative proceedings adjudicating securities is unconstitutional. On March 22, 2013, the SEC… 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
PCAOB Sanctions Former BF Borgers Audit Director Bo-Shiang (“Eric”) Lien
On May 24, 2022, the Public Company Accounting Oversight Board (PCAOB) announced that it has sanctioned Bo-Shiang (“Eric”) Lien, a former audit director and non-equity partner at BF Borgers CPA PC, for violations of PCAOB rules and standards… Read More
Category: Blog Posts Tags: Accounting Fraud, BF Borgers, BF Borgers CPA PC, Bo-Shiang Lien, China Pharma Holdings Inc, Chineseinvestors.com Inc, Eric Lien, Financial Statements, OTC Markets, PCAOB, Penny stocks, Public Company Accounting Oversight Board, SEC, Securities Attorney, United Cannabis Corporation
SEC obtains asset freezes and other emergency relief against StraightPath Venture Partners LLC, StraightPath Management LLC, Brian K. Martinsen, Michael A. Castillero, Francine A. Lanaia, and Eric D. Lachow
On May 16, 2022, the Securities and Exchange Commission (the “SEC”) obtained asset freezes and other emergency relief against StraightPath Venture Partners LLC, StraightPath Management LLC, Brian K. Martinsen, Michael A. Castillero, Francine A. Lanaia, and Eric D…. Read More
Category: Blog Posts Tags: Brian K. Martinsen, Dodd Frank Bounty, dodd-frank, Eric D. Lachow, Form F-1, Form S-1, Francine A. Lanaia, Going Public, Michael A. Castillero, 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, StraightPath Management LLC, StraightPath Venture Partners LLC, trading suspension, Unregistered Dealer
OTCQX Markets Foreign Issuer Dual Listings – OTCQX Eligibility, Listing, Quotation
The OTC Markets OTCQX offers foreign issuers seeking to go public in the U.S. an appealing alternative to listing on a stock exchange. Foreign issuers whose securities are listed on a foreign stock exchange that qualify for the… Read More
SEC Obtains Final Judgment Ordering Frederick Sharp to Pay $52,925,214
On Friday, May 12, 2022, the Securities and Exchange Commission announced that it obtained a final judgment against Canadian resident Frederick L. Sharp. In August 2021, the SEC charged Sharp with leading a fraudulent scheme that generated hundreds… Read More
Category: Blog Posts Tags: Dodd Frank Bounty, dodd-frank, Frederick L Sharp, Frederick Sharp, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC Division of Enforcemen, 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, trading suspension
Attorneys Gone Wild: Shawn Hackman, Elaine A. Dowling, and Harold P. Gewerter
On April 29, 2022, the Securities and Exchange Commission obtained a judgment against Shawn Hackman, who was previously disbarred by the State of Nevada and suspended by the SEC, ordering him to comply with the SEC’s suspension order… Read More
Category: Blog Posts Tags: attorney, box jobs, Daniel Chapman, Dodd Frank Bounty, dodd-frank, Elaine A Dowling Esq, Genovese, Harold P Gewerter Esq, Herbert Jacobi, James Farrell, Peter Berney, pump and dump, Robert Potter, scam, Sean Flanagan, 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, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Shawn Hackman, shell hijacker, trading suspension, Unregistered Dealer
SEC Files Charges Against Michael Forster
On May 4, 2022, the Securities and Exchange Commission (the “SEC”) filed a complaint alleging Michael Forster engaged in manipulative trading in connection with a microcap issuer he controlled, Cuba Beverage Company (CUBV), a purported energy drink company…. Read More
Category: Blog Posts Tags: County, dodd-frank, FBI sting, FBI Undercover, FINRA Halt, fraud, Investor Loss, Investor Victims, Michael Forster, nasdaq, nyse, Officer Director Bar, OTC Markets, Penny Stock, Penny Stock Bar, penny stock scam, penny stock scheme, penny stock sting, ponzi scheme, Scalping, scam, SEC, SEC Action, SEC Actions, SEC Administrative Proceeding, SEC anti-fraud, SEC Attorney, sec bar, 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 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, SPAC, stock manipulation, stock scheme, trading suspension, Wells Notice
OTC Markets Listing and Quotation – OTCQB Requirements
OTC Markets Group (“OTC Markets”) requires companies seeking quotation of their securities on the OTCQB® Venture Stage Marketplace (“OTCQB”) have an initial and ongoing $0.01 per share minimum bid price, submit an initial OTCQB application, pay annual fees, and submit… Read More
Category: Blog Posts Tags: 15c-211, beneficial owners, broker-dealer, Depository Trust Company, Direct Listing, Direct Public Offering, DPO, DTC, Edgar, FINRA, Foreign Issuer, Form 10, Form 10 Registration Statement, Form 10-K, Form 10-Q, Form 211 and Amended 15c-211, Form 8-K, Form F-1, Form S-1, Form S-1. Registration Statement, Go Public, Going Public, Going Public Direct, Grey Sheets, initial public offering, IPO, Listing Fees, Market Maker, nasdaq, Nasdaq Capital Market, nyse, OTC Markets, OTC Markets Group, OTC Markets Pink, OTCQB, OTCQX, Penny Stock, Periodic Reporting, pink sheets, Public Company, Quotation, Registration Statement, Reporting Requirement, Reverse Merger, Rule 12g3-2(b), rule 15c-211, SEC, SEC filer, SEC Periodic Reporting, SEC Registration Statement, Securities Act, Securities Attorney, Securities Exchange Act of 1934, Securities Exchange Commission, Securities Lawyer, stock exchange, Transfer Agent, Underwriter, Unregistered Dealer, Unsolicited quotes
SEC Charges Sung Kook (Bill) Hwang and Archegos Capital Management
On April 27, 2022, the Securities and Exchange Commission charged Sung Kook (Bill) Hwang, the owner of family office Archegos Capital Management, LP (Archegos), with orchestrating a fraudulent scheme that resulted in billions of dollars in losses. The… Read More
Category: Blog Posts Tags: Archegos Capital Management LP, Bill Hwang, Commodity Futures Trading Commission, Dodd Frank Bounty, dodd-frank, margins, Patrick Halligan, Scott Becker, 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, Sung Kook Hwang, trading suspension, US Attorneys Officer, William Tomita
Resales of Restricted Securities By Non-Affiliates
Section 5 of the Securities Act of 1933, as amended (the “Securities Act”), requires that all offers and sales of securities be registered with the Securities and Exchange Commission (“SEC”) or exempt from SEC registration. When shares have… Read More
Category: Blog Posts Tags: Affiliate, control person, Form 10, Form 20-F, Form 211 and Amended 15c-211, Form 8A, Form 8k, Form F-1 Rule 15c-211, Form S-1, Going Public, Grey Sheets, Market Maker, non-affiliate, non-reporting companies, OTC Markets and Sponsoring Market Maker, OTC Markets Pink, public companies, Registration Statement, Regulation D, restricted securities, Rule 144, Rule506(b), Rule506(c), SEC Reporting Requirements, Shell Company, Unregistered Dealer, Unsolicited quotes
SEC Charges 15 Individuals in a $194 Million International Penny Stock Fraud
The Securities and Exchange Commission announced charges against 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom, for participating in multi-year fraudulent penny stock… Read More
Category: Blog Posts Tags: Adam Christopher Kambeitz, Alon Freidlander, American Helium Inc, Anthony Korculanic, Bison Petroleum Corp, BKIT, Black River Petroleum Corp, Black Stallion Oil and Gas Inc, Blacklight SA, Blake Therapeutics Inc, BLTO, Blue Eagle Lithium Inc, Cantabio Pharmaceuticals Inc, Courtney Vasseur, Craig James Auringer, Curtis William Lehner, Cyberfort Software Inc., Daniel Mark Ferris, David Sidoo, Dean Shah, Dodd Frank Bounty, dodd-frank, Dominic Calabrigo, DRNG, Drone Guarder Inc, EnviroTechnologies International Inc, Envoy Group Corp, Frederick Sharp, Gray Fox Petroleum Corp, Hasan Sario, Henry Clarke, Horizon Minerals Corp, HZNM, I-Wellness Marketing Group Inc, IWMG, Julius Csurgo, Kenneth Ciapala, Lifelogger Technologies Corp., Lone Star Gold Inc, Masimiliano Pozzoni, North American Oil & Gas Corp, Oroplata Resources Inc, ORRP, Patriot Berry Farms Inc., Petar Dmitrov Mihaylov, PetroTerra Corp, Polar Petroleum Corp, Preston Corp, PSNP, Roger Knox, Ronald Bauer, 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, Steampunk Wizards Inc., trading suspension, True North Energy Corp, VIBI, Vilacto Bio Inc, Virtus Oil & Gas Corp, WinterCap SA, ZENO, Zenosense Inc
What Is the OTC Markets Expert Market? Securities Lawyer Blog
Quotes of securities in the Expert Market are “Unsolicited Only,” which means that trades of securities subject to unsolicited quotation in the Expert Market are only available to broker-dealers, institutions and other sophisticated investors, and not average investors.
SEC Charges Anthony Salandra in Market Manipulation Scheme
The Securities and Exchange Commission today announced charges against Anthony Salandra, for his role in a market manipulation scheme in which he and several other individuals created false rumors about public companies in order to profitably trade around… Read More
Category: Blog Posts Tags: Anthony Salandra, Barton Ross, Dodd Frank Bounty, dodd-frank, Mark Melnick, 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, trading suspension
SEC Obtains Final Judgments from Chrysilios Chrysiliou and Panagiotis Bolovis for Their Roles in $45 Million Fraudulent Scheme
On April 4, 2022, the U.S. District Court for the Southern District of New York entered final judgments against Chrysilios Chrysiliou and Panagiotis Bolovis for their respective roles in a fraudulent scheme to gain control of Airborne Wireless… Read More
Category: Blog Posts Tags: ABWN, Airborne Wireless Network, Ample-Tee Inc, Andrew J Befumo, Chrysilios Chrysiliou, Dodd Frank Bounty, dodd-frank, Eric Scheffey, Kalistratos Kabilafkas, Kelly Kabilafkas, Moshe Rabin, nominees, OTC Markets, Panagiotis Bolovis, Penny stocks, 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, Thailand, Tim Kabilafkas, Timoleon "Kabilafkas, trading suspension
Old School Ties: Donald Trump Sues Hillary Clinton and Many of Her “Cohorts”
On March 24, 2022, as an anxious world hoped for positive results from a NATO meeting convened to address the ongoing war in Ukraine, former President Donald Trump sought to redress the harm he believes was done to… Read More
Category: Blog Posts Tags: Alex van der Zwaan, Alfa Bank, Attorney General, Barack Obama, Brian Krebs, COVID, COVID-19, Cristopher Steele, Democrats, doj, Donald Trump, fbi, Fusion GPS, George Papadopoulos, Glenn Simpson, Hillary Clinton, James Comey, Jeff Sessions, John Durham, Konstantin Kilimnik, Latham & Watkins LLP, lawsuit, Liz Harrington, Mar-a-Lago, Michael Sussman, Mueller Investigation, Orbis Ltd, pandemic, Paul Manafort, Perkins Coie, Peter Fritsch, Peter Ticktin, Republicans, Richard Pinedo, Rick Gates, RICO, Robert Durham, Robert Mueller, Rod Rosenstein, Rodney Joffe, Russia, Russiagate, Russian Hoax, Steele Dossier, Sussman case, Trump Organization, Ukraine, US President, Viktor Yanukovych, William Barr, witch hunt
FINRA Extended Hearing Panel Expels Alpine Securities and Orders $2.3 Million in Restitution
On March 24th, the Financial Industry Regulatory Authority (“FINRA”) announced that a FINRA extended hearing panel has expelled Salt Lake City-based broker-dealer Alpine Securities Corp from FINRA membership and ordered the firm to pay more than $2.3 million in… Read More
Category: Blog Posts Tags: Alpine Securities Corp, Financial Regulatory Authority, FINRA, John Hurry, OTC Markets, Penny stocks, SEC
Undercover Sting Takes Down Francis Biller, Raymond Dove, and Chester Alvarez in Boiler Room Scheme
On March 15, 2022, the Securities and Exchange Commission (the “SEC”) announced charges against five individuals for allegedly operating a call center in Medellin, Colombia, which used high-pressure sales tactics and made false and misleading statements to retail… Read More
Category: Blog Posts Tags: ABML, Amar Bahadoorsingh, American Battery Technology Company, Anthony Killarney, APT Systems Inc, APTY, Aureus Inc, AV1 Group Inc, AVOP, Bajic-Taneja Platform, Blacklight SA, British Colombia Securities Commission, Cataca Resources Inc, CATQ, Chester Alvarez, Colombia, Courtney Kelln, Crystalmount Ltd, DIGAF, Dodd Frank Bounty, dodd-frank, Eron Mortgage Corporation, ETII, EVBC, Evolution Blockchain Group Inc, Flitways Technology Inc, Fountain Drive Ltd, Francis Biller, Frederick Sharp, FTWS, Garmatex Holdings Ltd, Garrett M O'Rouke, GLLK, GRMX, Island Fortune Global Ltd, IWMG, Justin Plaizier, Justin Roger Wall, Kenneth Ciapala, Luis Carrillo, Michael J Black, Mike Veldhuis, NEXS, Nexus Biopharma Inc, Norfolk Heights Ltd, OMID, Omid Holdings Inc, Ontario Securities Commissions, Oroplata Resources Corp, ORRP, Photo Script Pharmaceutical Corp, Plata Resources Inc, PSCR, PSNP, PSNX, PTAI, PureSnax International Inc, Rajesh Taneja, Raymond Dove, Roger Knox, Samuel Wilson, 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, SNET, SourcingLink.net Inc, SPRN, SRUP, SSID Ltd, Steve M Bajic, Sure Mighty Ltd, Tamarind Investments Inc, trading suspension, Troy Gran-Brooks, Tyler Crockett, Ubong Uboh, Ulrik Debo, WinterCap SA, Wisdom Chain Ltd
Attorney Andrew Coldicutt faces SEC charges after getting caught in an FBI sting
On March 1, 2022, the Securities and Exchange Commission (the “SEC”) announced fraud charges against San Diego-based attorney Andrew T.E. Coldicutt for his role in a would-be pump-and-dump scheme. According to the complaint, the charges arise in part… Read More
Category: Blog Posts Tags: Andrew Coldicutt, Andrew TE Coldicutt, Carrillo Huettel, Dodd Frank Bounty, dodd-frank, Dolkart Law, Elizabeth Coldicutt, FBI sting, FINRA, GRCU, Green Cures & Botanical Distribution Inc, John E Dolkart Jr, Luis Carrillo, OTC Markets, Penny stocks, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Defendant, SEC Defense, SEC enforcement, SEC enforcement action, 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, SoCal Harvest Inc, Thomas Coldicutt, Wade Huettel
SEC Obtains Final Judgment Against Former Pharmaceutical Company CEO Martin Shkreli
On February 23, 2022, the United States District Court for the Eastern District of New York entered a final judgment against Martin Shkreli, the former CEO of Retrophin, Inc., a publicly-traded pharmaceutical company. The Court granted in its… Read More
Category: Blog Posts Tags: Daraprim, Martin Shkreli, Retrophin Inc, SEC, Securities Fraud, United States District Court DOJ
SEC Charges Michael M Beck (aka BigMoneyMike) with Penny Stock Fraud
The Securities and Exchange Commission charged Michael M. Beck for using his Twitter handle, @BigMoneyMike6, to deceive investors into buying penny stocks that he recommended, even though he secretly planned to sell those stocks and, in some cases,… Read More
Category: Blog Posts Tags: BigMoneyMike, BigMoneyMike6, Canadian Aerospace Group International Inc, CASG, Dodd Frank Bounty, dodd-frank, Helen P Robinson, Maison Luxe Inc, MASN, Michael M Beck, MK Automotive Inc, MKAU, Music for Your Life, MYLY, Peoplesway.com Inc, Pick-Ups Plus Inc, PLWY, PUPS, 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, TeamBillionaire, The Marquie Group Inc, TMGI, trading suspension, UCSO, United Consortium Ltd, VIDA, Vidaroo Corp, Zann Corp, ZNNC
SEC Proposes Faster Trade Settlement Times
The Securities and Exchange Commission voted on Wednesday to propose rule changes to reduce risks in the clearance and settlement of securities, including by shortening the standard settlement cycle for most broker-dealer transactions in securities from two business… Read More
Category: Blog Posts Tags: AMC, Gary Gensler, GME, meme stocks, proposal, proposed rule change, rule change, SEC, SEC chair, Securities and Exchange Commission, short squeeze, T1, T2
SEC Wins Summary Judgment Against Unregistered Penny Stock Dealer Justin W Keener
On January 21, 2022, Judge Beth Bloom of the United States District Court for the Southern District of Florida granted the SEC’s motion for summary judgment against Justin W. Keener d/b/a JMJ Financial. The SEC’s complaint alleged that… 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
Paul Pelosi Jr’s Adventures in Pennyland
In mid-January 2022, British tabloid the Daily Mail published a long story about U.S. House Speaker Nancy Pelosi’s son Paul Jr, in which it was alleged that he’d been involved in a number of shady businesses, some of… Read More
Category: Blog Posts Tags: Annpurna Corporation, Asa Saint Clair, Aspen Leasing Services, Bridge Equity Inc, Bridge Financial, Bridge Securities LLC, CNN, con, Countryland Wellness Resorts, Countrywide Home Loans, Daily Mail, fda, FOGFuels, Food and Drug Administration, Freedom Leaf, FRLF, Geoffrey Berman, GL Brands, GRLB, Hillary Clinton, IGOBit, Indictment, InfoGROUP, Ivanka Trump, James E Cohen, Joseph Corazzi, Las Vegas Entertainment Network, LVEN, Miller Energy Resources, MILLQ, Nancy Pelosi, Natural Blue Resources, NTUR, NY Post, OTC Markets, Paul Marshall, Paul Pelosi, Paul Pelosi Jr, Penny stocks, Rajnish K Das, scam, SEC, Securities and Exchange Commission, Stormy L Dean, Targeted Medical Pharma, Toney Anaya, TRGM, US House Speaker, Vasant H Raval, Vin Gupta, Walter Karl Inc
SEC Charges Securities Fraud Recidivist Phillip W. Offill, Jr. and Justin W. Herman in Penny Stock Fraud Scheme
On January 19, 2022, the Securities and Exchange Commission charged securities fraud recidivist Phillip W. Offill, Jr. and Justin W. Herman (a former FINRA registered broker) with misappropriating and selling millions of shares of a penny stock company using… Read More
Category: Blog Posts Tags: Bob Mitchell, Charles Winters Jr, Chuck Winters Jr, Dodd Frank Bounty, dodd-frank, Ian Horn, Indictment, Justin W Herman, Mansfield-Martin Exploration Mining Inc, MCPI, NERG, NuTech Energy Resources Inc, Phillip W Offill Jr, Robert Mitchell, 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, trading suspension
Christopher R. Esposito Charged with Securities Fraud
On January 7, 2022, Christopher R. Esposito, 55, of Everett, was charged and has agreed to plead guilty to one count of securities fraud. Esposito, the sole officer and director of Massachusetts marketing firm Code2Action Inc, was charged… Read More
Category: Blog Posts Tags: Anthony Jay Pignatello, Cannabiz Mobile Inc, Christopher R Esposito, Code2Action Inc, Dodd Frank Bounty, dodd-frank, James Gondolfe, LGBI, Lionshare Ventures LLC, Renee Galizio, 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, trading suspension, Unregistered Dealer
SEC Commissioners Differ on Key Policies
Just before the end of 2021, Elad L. Roisman, one of the SEC’s five Commissioners, announced his resignation, effective at the end of January 2022. In a statement posted on the agency’s website, he said: Serving the American… Read More
Category: Blog Posts Tags: Allison Herren Lee, Barack Obama, Caroline A. Crenshaw, Democrat, Donald Trump, Elad L Roisman, Form 211 and Amended 15c-211, Gary Gensler, Grey Sheets, Hester Pierce, Jay Clayton, Market Maker, Mary Jo White, Mary Shapiro, OTC Markets and Sponsoring Market Maker, OTC Markets Pink, Republican, rule 15c-211, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Chairman, SEC Claim, SEC Commissioner, 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, Unsolicited quotes
Five Russians Charged in Hacking and Illegal Trading Scheme
On December 20, 2021, the Securities and Exchange Commission announced fraud charges against five Russian nationals for engaging in a multi-year scheme to profit from stolen corporate earnings announcements obtained by hacking into the systems of two U.S.-based… Read More
Category: Blog Posts Tags: Capstead Mortgage Corp., Democratic Party, Dodd Frank Bounty, dodd-frank, hacking, hacking scheme, Hillary Clinton, Igor Sladkov, Illegal trading, Inc, Indictment, Ivan Ermakov, Ivan Yermakov, M-13, Mikhail Irzak, Nevro Corp, Nikolai Rumiantcev, Russian, Russian Main Intelligence Directorate, 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, SS&C Technologies, Tesla, trading scheme, trading suspension, US elections, Vladislav Kliushin
More Individuals Charged in Billion Dollar Penny Stock Pump and Dump/Money Laundering Operation
On Thursday, December 9th, three more Canadian citizens were charged by the Securities and Exchange Commission as part of what has been described as a long-running global pump and dump scheme that collectively generated over a billion dollars… Read More
Category: Blog Posts Tags: AJBI, Ami James Brands Inc, Axiom Corp, AXMM, Bahamas, Belize, Benjamin Thompson Kirk, Bermuda, Blacklight SA, Brian Quinn, Brighton Markets, Cliff Wilkens, Courtney Kelin, Daniel Lacher, David Skriloff, Dodd Frank Bounty, dodd-frank, DogInn Inc, Dominican Republic, First Nevisian Stockbrokers Ltd, FN Group, Frederick L Sharp, Geoffrey Allen Wall, Gibraltar Global Securities, GNIN, Green Innovations Ltd, HE Capital SA, IDNG, Independence Energy Corp, iTalk Inc, Jay Kirk Lee, Keith King, Kenneth Ciapala, Kevan Garner, Luis Jimenez Carrillo, Mattehew Ledvina, Medijane Holdings Inc, Michael T Gastauer, Milan Patel, MJMD, MKIT, Mokita Exploration Ltd, Money Laundering, Morrie Tobin, Nevis, NNRX, Northern Minerals & Exploration Ltd, Nutranomics Inc, offshore, Pacific Blue Energy Corp, Penny stocks, Phoenix Life Sciences International, Punchline Resources Ltd, PUNL, RedHawk Holdings Corp, Roger Knox, 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, Silverton SA, Switzerland, TALK, Theresa Sharp, Tradeshow Marketing Company Ltd, trading suspension, Ulrik Debo, Vapor Hub International Inc, VHUB, Virgilio Santana Ripoll, Willow Creek Enterprises Inc, WinterCap SA, WLOC, Zhiying Yvonne Gasarch
