SEC sanctions Elaine A. Dowling and Harold P. Gewerter and charges Shawn Hackman in scheme to skirt a previous ban
On July 1st, the Securities and Exchange Commission (the “SEC”) filed charges against banned attorney Shawn F Hackman for violating a September 10, 2002 Commission Order that suspended him from appearing or practicing before the Commission as an… 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 Charges Goldman Small Cap Research and its Owner for Failing to Disclose Compensation
On June 30, the Securities and Exchange Commission (the “SEC”) announced settled charges against Reuben Robert Goldman and his online stock promotion firm, Two Triangle Consulting Group LLC, which does business under the name Goldman Small Cap Research,… Read More
Category: Blog Posts Tags: anti-touting provisions, cashtag, Dodd Frank Bounty, dodd-frank, FINRA, Goldman Research, Goldman Small Cap Research, Penny Stock, Reuben Robert Goldman, 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, Stock Promotion, stock tout, trading suspension, Twitter, Two Triangle Consulting Group LLC, Unregistered Dealer
SEC Suspends Trading in Enerkon Solar International Inc (ENKS)
On Wednesday, June 23rd, the Securities and Exchange Commission (the “SEC”) suspended trading in Enerkon Solar International Inc (ENKS). The Suspension Order cited multiple public interest concerns. Specifically, the lack of adequate and accurate information in Enerkon’s quarterly… Read More
Category: Blog Posts Tags: Avila P&H LLC, Benjamin Ballout, Castle Holding Corp, Cathy Collins, CHOD, CoviKlear Holdings, Dodd Frank Bounty, dodd-frank, Enerkon, Enerkon Solar International Inc, ENKS, Excelsior Consulting, GBEN, Global Resource Energy Inc, Jeff Greene, John V Cappello, Jon Baker, nominees, Oleh Uruskiy, OTC Markets, Patrick Thomas, pension, pump and dump, Radio Free Europe, scam, 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 suspension, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, share selling scheme, Solar plant, SpaceX, stock manipulation, Streamworx LLC, Thomas Collins, trading suspension, Ukraine, Unregistered Dealer, Vasthy Avila
OTC Markets Requests 15c-211 Disclosures by June 30
OTC Markets Pink companies will need to update their disclosure to ensure they comply with the new requirements. Alternative Reporting Companies: OTC Markets has updated the Disclosure Guidelines for Alternative Reporting Companies to include all the information… Read More
Category: Blog Posts Tags: 15c-211, 15c2-11, Alternative Reporting Companies, Blue Sky, broker-dealers, Expert Market, FINRA, FINRA Rule 15c2-11, Form 21, Form 211, Form 211 and Amended 15c-211, Form 211 Attorney, Form 211 Attorneys, Form 211 Lawyer, Form 211 Lawyers, Form F-1, Form S-1, Going Public, Grey Sheets, Market Maker, otc, OTC Issuer, OTC Markets, OTC Markets and Sponsoring Market Maker, OTC Markets Pink, OTC Pink, OTCQB, OTCQX, Regulation A, Regulation A Secondary Sales, Regulation A Tier 2, Regulation A+. Tier 1, Reporting Company, rule 15c-211, Rule 15c2-11, SEC, SEC Administrative Proceeding, SEC Attorney, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Proposal, SEC Reporting, SEC Reporting Requirements, SEC Trading Suspension, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Shell Company, Sponsoring Market Maker, trading suspension, Unregistered Dealer, Unsolicited quotes
Rule 15c2-11 Compliance Deadline Is Just Around the Corner
In September of last year, the Securities and Exchange Commission (the “SEC”) adopted amendments to Securities Exchange Act Rule 15c2-11. In early 2020, we wrote about amendments to Rule 15c2-11 that were proposed by the SEC in September 2019. The object of… Read More
Category: Blog Posts Tags: 15c-211, 15c2-11, Blue Sky, broker-dealers, Expert Market, FINRA, FINRA Rule 15c2-11, Form 21, Form 211, Form 211 and Amended 15c-211, Form 211 Attorney, Form 211 Attorneys, Form 211 Lawyer, Form 211 Lawyers, Form F-1, Form S-1, Going Public, Grey Sheets, Market Maker, otc, OTC Issuer, OTC Markets, OTC Markets and Sponsoring Market Maker, OTC Markets Pink, OTCQB, OTCQX, Regulation A, Regulation A Secondary Sales, Regulation A Tier 2, Regulation A+. Tier 1, Reporting Company, rule 15c-211, Rule 15c2-11, SEC, SEC Administrative Proceeding, SEC Attorney, SEC Injunction, SEC Law Firm, SEC Lawsuit, SEC Lawyer, SEC Litigation, SEC Penny Stock Bar, SEC Proposal, SEC Reporting, SEC Reporting Requirements, SEC Trading Suspension, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Shell Company, Sponsoring Market Maker, trading suspension, Unregistered Dealer, Unsolicited quotes
SEC Charges Mark Miller for Hijacking Inactive Penny Stock Companies to use for Pump & Dump Schemes
On Friday, June 18th, the SEC filed a Complaint in the United States District Court for the District of Minnesota against Minnesota resident, Mark Allen Miller, for engaging in a fraudulent scheme to target at least seven inactive penny-stock companies with the intention of profiting through pump & dump activity.
Category: Blog Posts Tags: Andre Jaberian, BBDA, Bebida Beverage Company, Bell Buckle Holdings Inc, BLLB, Christopher James Kajkaran, Criminal Indictment, DIGI, Digitili Inc, Dodd Frank Bounty, dodd-frank, doj, ECMH, Encompass Holdings Inc, Fake, False press release, Gary Koutalas, GBEN, Global Resource Energy Inc, hijacking, LEAS, Mark Allen Miller, Mark Miller, Marketing Worldwide Inc, MEDH, Medx Holdings Inc, MWWC, New World Gold Corp, NWGC, Penny Stock, pump and dump, Saied Jaberian, SAPX, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Complaint, 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 suspension, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Seven Arts Entertainment Inc, Simulated Environment Concepts Inc, SMEV, stock manipulation, Strategic Assert Leasing Inc, trading suspension, Twitter, UITA, Utilicraft Aerospace Industries Inc
Senators Leahy and Grassley Introduce EB-5 Investor Visa Integrity Reform Bill
Senator Patrick Leahy (D-Vt.), a senior member and former chairman of the Judiciary Committee, and Senator Chuck Grassley (R-Iowa), Ranking Member of the Senate Judiciary Committee, introduced the EB-5 Reform and Integrity Act of 2021 to address fraud and national security vulnerabilities in the EB-5 investor visa Regional Center Program, which has been exploited and abused for years.
Category: Blog Posts Tags: Chuck Grassley, congress, Department of Homeland Security, DHS, Dodd Frank Bounty, dodd-frank, EB-5, EB-5 Investors Visa Integrity Reform Bill, EB-5 visa, IIUSA, Invest in the USA, Investor Visa, Judiciary Committee, law, legislation, Patrick Leahy, 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, Senate, Senator, trading suspension
SEC Charges RenovaCare, Inc and its Controlling Shareholder with Securities Fraud
On May 28, 2021, the SEC charged RenovaCare Inc (RCAR) and its controlling shareholder, Harmel S. Rayat, with securities fraud for intentionally concealing Rayat and the company’s role in promotional activities, including by drafting and issuing a press release that denied their participation in those activities.
Category: Blog Posts Tags: Dodd Frank Bounty, dodd-frank, Harmel S Rayat, OTC Markets, Penny Stock, RCAR, RenovaCare 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, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, SkinGun, SolarWindow Technologies Inc, Stock Promotion, StreetAuthority, trading suspension, WNDW
SEC Charges U.S. Promoters of $2 Billion Global Crypto Lending Securities Offering
On May 28, 2021, the SEC announced charges against five individuals alleging that they promoted a global unregistered digital asset securities offering that raised over $2 billion from retail investors.
Category: Blog Posts Tags: bitcoin, BitConnect, Craig Grant, crypto scam, cryptocurrency, Dodd Frank Bounty, dodd-frank, Joshua Jeppesen, Laura Mascola, lending scam, Michael Crypto, Michael Noble, MLM, promoter, Ryan Maasen, scam, 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, Trevon Brown, Trevon James
The SEC just suspended my stock! Now what?
It can be the worst feeling in the world. You wake up, get your trading station all ready for a new day of profitable trading, but then the unthinkable happens. The market opens, but not that volatile issuer that had been running big, making your trading account look so good.
Category: Blog Posts Tags: Dodd Frank Bounty, dodd-frank, grey markets, OTC Markets, 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 suspension, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading halt, trading suspension
SEC Charges Healthcare Company and Its Founder with Multimillion Dollar Fraud
On May 19, 2021, the Securities and Exchange Commission charged a New Jersey-based healthcare company and its founder, Josiah David (formerly known as Dennis Lee), with fraudulently raising nearly $4 million from over 130 investors nationwide through the sale of membership units in the company.
Category: Blog Posts Tags: Allison David, Denis Joachim, Dennis Lee, Dodd Frank Bounty, dodd-frank, doj, Donna Joachim, fbi, fraud, Indictment, Josiah David, Money Laundering, Premier Healthcare Solutions LLC, Provision Corporate LLC, scam, 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 and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, The Total Financial Group Inc, trading suspension, US Attorney's Office, US Department of Labor, USAO, wire fraud
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
Going Public: Myths and Misinformation about Reverse Mergers
Myths and misinformation: The truth behind reverse mergers. What is really the best way to go public? Direct Public Offering vs Reverse Merger – which is the best choice for your business? How to save money and time.
Category: Blog Posts Tags: 1-a, bad actors, convertible note lender, corporate actions, custodianship petition, Direct Listing, Direct Listing Lawyer, Direct Public Listing, Dodd Frank Bounty, dodd-frank, DTC chill, DTC review, FINRA, Form 10, Form 10 Registration, Form 10 Registration Statement, Form F-1, Form S--1 filing, Form S-1, Form S-1 Attorney, Form S-1 Attorneys, Form S-1 Capital, Form S-1 Capital Raise, 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 statement filing, 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, 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
David C. Coggins Sentenced for $1.3 Million Securities Fraud Scheme
On Friday, May 14, 2021, David C Coggins, 42, of Miami, was sentenced to 51 months in prison, followed by 36 months of supervised release, and ordered to pay $1,305,000 in restitution for operating an investment scheme in which he used investor funds to repay other investors and misappropriated funds for himself, including to pay for personal use, a vehicle and travel.
Category: Blog Posts Tags: Alok Kumar, Coral Gables Asset Holdings LP, Coral Gables Asset Management LLC, Coral Gables Capital LP, David C Coggins, Dodd Frank Bounty, dodd-frank, Indictment, investment advisor, investment fund, investment scheme, Jawad Addoum, Miami, misappropriated funds, prison, SEC, SEC Action, SEC Administrative Proceeding, SEC Attorney, SEC Award, SEC Bounty, SEC Claim, SEC Complaint, 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 and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading suspension
There has never been a better time to be a Whistleblower
Since the start of the whistleblower program, the SEC has received more than 26,000 whistleblower submissions. Those tips have led to more than $3.5 billion in investor losses being recovered and over $842 million in awards being paid out to whistleblowers
Category: Blog Posts Tags: Dodd Frank Bounty, dodd-frank, 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 and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, trading suspension, whistleblower program
SEC Charges Broker-Dealer for Failures Related to Filing Suspicious Activity Reports
The Securities and Exchange Commission announced settled charges against GWFS Equities Inc. (GWFS), a Colorado-based registered broker-dealer and affiliate of Great-West Life & Annuity Insurance Company, for violating the federal securities laws governing the filing of Suspicious Activity Reports (SARs).
Category: Blog Posts Tags: bad actors, broker-dealer, Dodd Frank Bounty, dodd-frank, FinCEN, fraud, Great-West Life & Annuity Insurance Company, GWFS Equities Inc, SARS, 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 Order, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, Suspicious Activity Report, trading suspension, US Treasury Department's Financial Crimes Enforcement Network
Mark Lisser Pleads Guilty to Securities Fraud Conspiracy
Earlier today, in federal court in Central Islip, Mark Lisser pleaded guilty to securities fraud conspiracy for lying to customers about investments in shares of several companies prior to the initial public offering (IPO) of those companies.
Category: Blog Posts Tags: boiler rooms, Department of Justice, Dodd Frank Bounty, dodd-frank, doj, guilty plea, Indictment, Initial Public Offerings, IPO, knightsbridge, Knightsbridge Private Partners LLC, Mark Alan Lisser, Mark Lisser, pre-IPO, 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 and Exchange Commission, Securities Attorney, Securities Fraud, Securities Fraud Conspiracy, Securities Law Defense, Securities Lawyer, trading suspension
SEC Charges Under Armour Inc With Disclosure Failures
The Securities and Exchange Commission charged sports apparel manufacturer Under Armour Inc. with misleading investors as to the basis of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects. Under Armour has agreed to pay $9 million to settle the action.
Category: Blog Posts Tags: Dodd Frank Bounty, dodd-frank, 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 Order, SEC Penny Stock Bar, SEC Trading Suspension, SEC Whistleblower, SEC whistleblower Award, SEC whistleblower bounty, Securities and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, stocks, trading suspension, Under Armour Inc
Court Enters Judgments Against Promoters in Pump-And-Dump Scheme
The Securities and Exchange Commission announced that the U.S. District Court for the Central District of California entered final judgments against the remaining three defendants in a 2019 SEC action charging them for their alleged roles in a pump-and-dump scheme in the stock of southern California beverage and cannabis company Green Cures & Botanical Distribution, Inc (GRCU).
Category: Blog Posts Tags: Andrew Coldicutt, attorney letter, Calvin Ross, Cameron Linton, Christel Scucci, Chromocure Inc, Convertible Note, David N Osegueda, Dodd Frank Bounty, dodd-frank, DSR, E-Lionheart Associates, Edward Bronson, Fairhills Capital, fraud, GRCU, Green Cures & Botanical Distribution Inc, HFBG, HYBE, Hybrid Energy Holdings Inc, IGNT, IHUB, In Step Holdings LLC, Ingen Technologies Inc, investorshub, Ishmail Calvin Ross, Jason Ruppert, Jessica Snyder, Karen Beach, KKUR, Lawrence Powalisz, Mark Fisher, New Generation Consumer Group, NGCG, OTC Markets, Pamela Ruppert, Penny Hall of Fame Beverage Inc, Penny stocks, pump and dump, scam, Scottsdale Capital Advisors, 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 and Exchange Commission, Securities Attorney, Securities Fraud, Securities Law Defense, Securities Lawyer, share selling scam, Stephen Carnes, Stock Goodies, stock manipulation, Stock Mobsters, Stock Promotion, Toxic Lender, toxic lending, trading suspension, Triton Distribution Systems Inc, TTDZ, Undersea Recovery Corporation, UNDR, Viper Networks Inc, VLBI, VPER, Wall Street Surfers, XALL, Xalles Holdings Inc, Zachary Logan
TD Ameritrade to restrict orders in Caveat Emptor designated OTC securities to liquidating trades only
According to a statement posted on the TD Ameritrade website, the popular trading platform will restrict orders in Caveat Emptor designated OTC securities to liquidating trades only starting May 25, 2021.
Robinhood Legal Battle Updates
The Securities and Exchange Commission case against Robinhood Financial moved one step closer to a payout when the SEC issued an Order appointing JND Legal Administration as the Fund Administrator of the Fair Fund established for the $65,000,000 that Robinhood Financial had agreed to pay on December 17, 2020.
Category: Blog Posts Tags: Broker, class action, commission free, congress, controversy, crash, crSecurities and Exchange Commission, Fair Fund, fine, Fund Administrator, GameStop, glitch, GME, hacking, initial public offering, IPO, JND Administration, lawsuit, Massachusetts Securities Division, OTC Markets, pandemic, Penny stocks, Robinhood, Robinhood Financial, SEC, SEC Complaint, SEC Order, short squeeze, stock trading, suicide, wall street
SEC Charges Ubong Uboh and Tyler Crockett for Using a Call Room to Manipulate Stocks
On April 20, 2021, the Securities and Exchange Commission filed charges against Ubong Uboh and Tyler Crockett for soliciting investors to purchase shares of several microcap issuers from a call room in Miami, Florida.
Category: Blog Posts Tags: Andrew Dale Wise, Anthony Killarney, ANVV, AV1 Group Inc, AVOP, BEAG, BFTI, Bingo Nation, BioHemp International Inc, BKIT, Blacklight SA, BLTO, Boiler Room, Call Room, CBDC, Christopher Lee McKnight, CURE Pharmaceutical Holding Corp, CURR, Cyberfront Software Inc, CYBF, doj, DRNG, Drone Guarder, EMS Find Inc, EMSF, Environmental Packaging Technologies Holdings Inc, EnviroTechnologies International Inc, EPTI, ETII, ETKR, EV Transportation, Evolution Technology Resources Inc, EVTP, Garret O'Rourke, GLBB, Global Quesst Ltd, Indictment, Integrated Ventures Inc, INTV, Kenneth Ciapala, KOVR, Link Reservation Inc, LRSV, Matthew Ledvina, Miami, Michael J Black, Milan Patel, Morrie Tobin, NHEL, OMID, Omid Holdings Inc, OTC Markets, Penny stocks, pump and dump, Rajesh Taneja, Roger Knox, scam, SEC, SEC Complaint, Securities and Exchange Commission, SPRN, Steve Bajic, stock manipulation, stock scam, Stock Tips, Supernova Energy, Switzerland, Tyler Crockett, Ubong Uboh, Ulrik Debo, UPPR, US Attorney's Office, VIBI, Vilacto Bio Inc, ZENO, Zenosense
Five Individuals Charged in Fraud Stock Offering, Stock Manipulation and Money Laundering Scheme
On Wednesday, April 14, 2021, five Individuals were indicted for a stock manipulation/money laundering scheme involving a private oil and gas company and two public Issuers, OrgHarvest Inc (“ORGH”) and ERF Wireless Inc (“ERFB”). The five-count indictment filed… Read More
Category: Blog Posts Tags: Angie Touhoulioutis, criminal charges, Deanna Looney, doj, ERF Wireless Inc, ERFB, Escalera Ranch, fbi, FINRA, Franklin Ross Inc, fraudulent offering, Greer, Indictment, James Christopher Pittman, Katie Mathews, Le Cle Minerals, Magness, Mark Ross, Michael Greer, Money Laundering, Naomi Ross, ORGH, OrgHarvest Inc, OTC Markets, Penny stocks, Rainmaker Advisors LLC, Richard Dale Sterritt Jr, Richman Energy, Robert Magness, Robyn Straza, Ross, scam, SEC, SEC suspension, Securities and Exchange Commission, Securities Fraud, Sterritt, stock manipulation, stock offering, Straza, undercover agent, WAST, WasteMasters Inc, wire fraud, Zona, Zona Energy Inc
Six Individuals Charged with a Multi-Million Dollar Scheme to Peddle Fraudulent Stocks
On Wednesday, April 7th, six South Florida residents were indicted by a federal grand jury on charges that they defrauded investors of approximately $21 million by falsely claiming that the investors’ money would go towards the development of… Read More
Category: Blog Posts Tags: 7S Oil & Gas LLC, Aegis Oil LLC, Alexander Charles White, American Green Group Inc, Bidville Inc, boiler rooms, Bonnano Crime Family, CFTC, Cindy Vandivier, Cirilium Holdings Inc, Commodity Futures Trading Commission, conspiracy to commit mail fraud, crime family, Cypress Wealth Management Group Inc, David Goertz, Dough Wright, fbi, federal grand jury, FINRA, fraud, Gerald Parker, GLUV Corp, iBID USA Inc, Indictment, investors, Joseph Charles, kickbacks, LH Ross & Company Inc, Madison Brooke, Madison Brookes, Magic Media Inc, Michael Assenza, mob, mobile gaming application, Money Laundering, otc, Paul Geraci, Paul Vandivier, Penny stocks, Phillip Polizzotto, prison, Renewable Corp, Royal Palm Capital, Saleen Automotive Inc, Salvatore Puccio, scheme, SEC, Securities and Exchange Commission, Securities Fraud, Social Voucher, Social Voucher.com Inc, South Florida, Stocket Inc, stocks, Ted Lamar, Ted Romeo, telemarketing, undisclosed commissions, wire fraud
Direct Public Offering Attorneys, DPO, Go Public Direct
A direct public offering (“Direct Public Offering”) provides a viable solution to these companies. Using a Direct Public Offering to go public direct can allow the company to sell its shares directly to investors without the use of an underwriter.
Category: Blog Posts Tags: 10-K, 10-Q, Direct Public Offering, Direct Public Offering Attorney, Direct Public Offering Attorneys, Direct Public Offering Lawyer, Exchange Act, Form 1-A, Form 1-K, Form 1-SA, Form 1-Z, Form 211, Form S-1, Form S-1 Attorney, Form S-1 Lawyer, Form SEC, Go Public Direct, Going Public Attorney, Going Public Attorneys, Going Public Lawyer, Going Public Lawyers, Market Maker, Registered Direct Public Offering, Registration Statement, Regulation A, Regulation A Qualification, Regulation A Reporting, Rule 15c2-11, SEC Effectiveness, SEC Qualification, SEC Reporting, SEC Reporting Obligations, SEC Reporting Requirements, Securities Act, Sponsoring Market Maker
SEC Cleans up OTC Markets – SEC Trading Suspension of 71 Penny Stocks
On February 14, 2021, we published an article alerting the public about what we calculated to be the start of a new initiative by the Securities and Exchange Commission (“SEC”) to reign in the market manipulation of no information stocks through Social Media.
Since that article, the SEC has suspended 70 more stocks, in addition to the SpectraScience Inc (SCIE) suspension that kicked off the string of activity.
Category: Blog Posts Tags: AAXT, ABVG, ADTC, ARBI, ARCS, ARHI, AXCG, BBDA, BLSP, BNGI, BRTE, BTAM, Caveat Emptor, CCAQ, CCHZ, CE, CGDI, corporate hijacking, CRRSQ, CUBG, custodianship petition, defunct, Delinquent filer, DKGR, DLII, EENC, EENR, EHOS, ENGY, ENZH, EVTI, GLWA, GSVI, GYOG, HAHI, HBTC, HERC, HLXW, HYII, IFCI, IPWG, IYXI, JRIV, LGTS, LTNC, market manipulation, marketplace integrity, MEDT, MGLO, MLPH, MRIB, MTPR, NEMD, no information stocks, NTLK, NWUC, OLFC, ONLI, OSCN, OTC Markets, PDPR, Penny stocks, pink sheets, PNLT, PTAH, PTTN, pump and dump, reinstatement, RNUE, ROKR, scam, SCIE, SEC, SEC suspension, Securities and Exchange Commission, Securities Fraud, SKAJ, Social Media, social media hype, SPDE, SPXP, STCO, stock manipulation, Stock Promotion, stock pump, suspension risk, TNGNQ, TPIL, TSNI, UNGS, USAM, VCLD, WGIH, WHLX, WOFA, WPEC, WRFX, XCRP
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
Is the SEC Sending a Big Hint With Its Latest Penny Stock Suspension?
At the open of the trading session on February 11th, The Securities and Exchange Commission suspended trading in SpectraScience Inc (SCIE). It could be a precursor for a significant change in focus for the SEC to try to clean up a marketplace that has gone off the rails lately with an unprecedented amount of manipulative trading activity through the influence of Social Media.
Category: Blog Posts Tags: dead stock, Delinquent filer, Discord, fraud, IHUB, inactive stock, OTC Markets, Penny stocks, Reddit, SCIE, SEC suspension, Securities and Exchange Commission, Social Media, SpectraScience Inc, stock manipulation, stocks, Suspension Order, TikTok, Twitter, YouTube, zombie stock
The SEC charges Giuliani Associates Lev Parnas and David Correia
On February 4, 2021, the U.S. Securities and Exchange Commission announced charges against two associates of Rudy Giuliani, the former New York City mayor and lawyer for Donald Trump, alleging they raised $2 million from investors by making false and misleading representations.
Category: Blog Posts Tags: Adam Putnam, Alain Chalem, America First Action, Andrey Kukushin, Boris Vax, broker-dealer, Chuck Arnold, David Correia, doj, Donald Trump, Donald Trump Jr., Euro-Atlantic Securities, Face Up Entertainment Group Inc, FINRA, fraud, Fraud Guarantee, FUEG, Global Energy Producers, Ian Kass, Igor Fruman, Indictment, Ivanka Trump, Jared Kushner, Joe Biden, Lev Parnas, Maier Lehmann, Major, Michael Vax, Mike Pence, Mitchell Reisman, New York, OTC Markets, Penny stocks, Program Trading Corp, Rick Scott, Robert Grinberg, Ron DeSantis, Rudi Giuliani, Russia, scam, SEC, SEC Complaint, stock broker, Tel-Com Wireless Cable TV, Ukraine, US Securities and Exchange Commission
Two Recidivists That Met Behind Bars Busted for Securities Fraud
On January 8, 2021, the Securities and Exchange Commission announced settled charges against a Utah corporation, its principals, Mark W Wiseman and Clark J Madsen, and two securities fraud recidivists, Thomas J Robbins and Daniel J Merriman, for orchestrating two inter-related frauds resulting in approximately $11 million in investor losses to around 80 investors.
Category: Blog Posts Tags: ARC Holdings, Church of Jesus Christ of Latter-day Saints, Clark J Madsen, ConTXT, Daniel J Merriman, doj, fraud, Indictment, investment scheme, LDS Church, Mark W Wiseman, ponzi scheme, prison, Private Placement Memorandum, recidivists, Robert Whitaker, scam, SEC, Securities and Exchange Commission, Securities Fraud, Tek Corp, Thomas J Robbins, Tri Energy Inc, Utah
