SEC Sanctions Auditor Sherb & Co l Securities Lawyer 101

Securities Lawyer 101 Blog On November 6, 2013, the Securities and Exchange Commission (the “SEC”) announced sanctions against a New York-based auditing firm, its founder, two other partners, and an audit manager for their roles in the failed… Read More

SEC Awards Whistleblower Bounty

Securities Lawyer 101 Blog On October 31, 2013, the Securities and Exchange Commission (the “SEC”)  announced an award of more than $150,000 to a whistleblower whose tips helped the agency stop a scheme that was defrauding investors. The award… Read More

FINRA Issues Crowdfunding Portal Proposals l Securities Lawyer 101

Securities Lawyer 101 Blog On October 25, 2013, FINRA announced the release a set of proposed crowdfunding portal rules and forms for equity crowdfunding. Crowdfunding portals that engage in crowdfunding on behalf of issuers relying on the JOBS… Read More

SEC Takes Action Against Potential Short Sellers For Manipulation

Securities Lawyer 101 Blog On September 16, 2013, the Securities and Exchange Commission (the “SEC”) brought enforcement actions against more than 20 broker dealers and other financial firms alleging violations of Rule 105 of Regulation M of the… Read More

SEC Charges China Based Chicken Provider

Securities Lawyer 101 Blog On October 18, 2013, the Securities and Exchange Commission (the “SEC”) charged Yuhe International, Inc. (“Yuhe”), a China-based provider of broiler chickens, and its Chief Executive Officer, Gao Zhentao (“Gao”), with fraud and other… Read More

SEC Does Not Act on 20 Percent of Wells Notices Issued

Securities Lawyer 101 Blog When the Securities and Exchange Commission (“SEC”) substantially completes an investigation into violations of the securities laws, it may issue what’s known as a “Wells notice” to targets, informing them that it intends to… Read More

SEC Brings Enforcement Action in EB-5 Visa Program Investment Scam

Securities Lawyer 101 Blog Like many other countries, the United States offers potential immigrants preferential treatment—in the form of conditional visas and eventual green cards—if  they’re willing to invest in economic development projects that will preserve or create… Read More

Whistleblower Award $14 Million Bounty By SEC

Securities Lawyer 101 Blog On October 1, 2013, the Securities and Exchange Commission (the “SEC”) announced it had awarded more than $14 million to a whistleblower whose information led to an SEC enforcement action that recovered substantial investor funds. … Read More

California Attorney David Tamman Sentenced to Seven Years in Securities Fraud Case

Securities Lawyers Gone Wild Blog On 23 September 2013, the U.S. Attorney’s Office for the Central District of California announced that attorney David Tamman, formerly of the Nixon Peabody law firm, had been sentenced to seven years’ imprisonment… Read More

FBI Arrests Securities Attorney and Stock Promoter in Texas

Securities Lawyers Gone Wild Blog On September 19, 2013, the Dallas Division of the Federal Bureau of Investigation (“FBI”) announced the unsealing of an indictment charging Jason Wynn, a former penny stock promoter, and securities attorney Martin Cantu… Read More

SEC Issues Trading Suspension of the Securities of PacWest Equities

Securities Lawyer 101 Blog On September 17, 2013, the Securities and Exchange Commission (“SEC”) issued a trading suspension of the common shares of PacWest Equities (“PWEI”), a company whose shares were quoted on the OTC Markets with an OTC Pink Current… Read More

SEC Charges Free Rider Ronald Feldstein With Fraud

On September 3, 2013, the Securities and Exchange Commission (“SEC”) filed a fraud complaint in Federal District Court for the Southern District of New York charging Ronald Feldstein and two entities controlled by him, Mara Capital Management and… Read More

California Man Sentenced to 64 Months For Securities Fraud

  On 22 August 2013, Douglas Hollingsworth of Santa Rosa, California was sentenced to 64 months in prison for defrauding investors of at least $4.9 million in a five-year Ponzi scheme.  The U.S. Attorney’s Office for the Northern… Read More

SEC Rewards Dodd-Frank Whistleblowers

On August 30, 2013, the Securities and Exchange Commission (the “SEC”)  announced that it had awarded three whistleblowers for tips and information they provided to help the SEC and Justice Department stop a sham hedge fund. The SEC’s whistleblower… Read More

Ask Securities Lawyer 101 l Rule 504 Q & A

Q. How Much Money Can I Raise In A Rule 504 Offering? A. The aggregate amount raised for an offering of securities under Rule 504 cannot exceed $1,000,000, less the aggregate offering price for all securities sold within… Read More

Colt Curry Indicted in Securities Scheme

Securities Lawyer 101 Blog On August 13, 2013, the U.S. Attorney’s Office for the Eastern District of New York announced the indictment of Sandy Winick, a Canadian promoter now living in Thailand; Gregory Curry, a Canadian living in Thailand;… Read More

SEC Halts Market Action Advisers Hedge Fund l Securities Lawyer 101

On August 6, 2013, the Securities and Exchange Commission (the “SEC”)  obtained an emergency court order to halt a hedge fund investment scheme targeting mostly unsophisticated investors including friends, family members, and military personnel to invest in his hedge… Read More

SEC Issues Trading Suspension of Camelot Entertainment and 5 Other Issuers

SEC issued a trading suspension of Camelot Entertainment Group, Inc. (CMGR), Cavico Corp. (CAVO), Global 8 Environmental Technologies, Inc. (GBLE), GTC Telecom Corp. (GTCC), ICF Corporation (ICFO) and New NRG, Inc. (NNRG) due to a lack of current and accurate information.  The suspended issuers failed to file required periodic reports with the SEC.  The SEC entered the temporary trading suspension order was pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).

When the SEC Investigates l Securities Lawyer 101

Securities Lawyer 101 Blog No company wants to become the target of a Securities and Exchange Commission (“SEC”) investigation, and no investor welcomes an inquiry into a stock he holds. Issuers and shareholders alike need to understand how… Read More

SEC Sues Imaging and CEO Dean Janes for Fraud

Securities Lawyer 101 Blog On June 26, 2013, the Securities and Exchange Commission (“SEC”) filed an enforcement action charging Imaging3, Inc. (IMGGQ), and Dean Janes, its CEO, with securities fraud, accusing Janes of misleading shareholders about actions taken… Read More

SEC Suspends Biozoom After Publication of Private Report

Securities Lawyer 101 Blog On June 25, 2013, the Securities and Exchange (“SEC”) suspended trading in the securities of Biozoom, Inc. (BIZM).  In connection with the SEC action, it stated that “certain Biozoom affiliates and shareholders may have unjustifiably

Penny Stock CEO and Co-Conspirator Convicted of Securities Fraud

Securities Lawyer 101 Blog On May 3, 2013, in connection with an action that went unnoticed by most penny stock observers, the U.S. Attorney’s Office for the District of Massachusetts announced that John Jordan, of Cameron Park, California,… Read More

SEC Charges Ernesto Lujan and Direct Access Partenrs in Venezuelan Fraudulent Bond Kickback Scheme

Securities Lawyer 101 Blog In June 12, 2013, the Securities and Exchange Commission (“SEC”) brought an action against an additional defendant for his role in a frauduent kickback scheme involving the payment of millions of dollars in bribes to a… Read More

SEC Revokes Registration of Sunrise Solar

Securities Lawyers Gone Wild Series Securities Law 101 Blog Sunrise Solar’s most recent financial report filed was a 10-Q for the period ended March 31, 2009. According to the SEC action, Sunrise Solar purported to be in the… Read More

China MediaExpress Charged with Securities Fraud

Securities Lawyer 101 Blog On June 20, 2013, the Securities and Exchange Commission (the “SEC”) brought yet another securities fraud enforcement action against a China-based company that went public on the U.S. markets through a reverse merger.  The… Read More

SEC Brings Charges in California Alzheimer’s Scam

Company President Lies to Investors Most people think of the Securities and Exchange Commission (“SEC”) as a regulator of publicly traded companies.  But the SEC’s authority extends to any company or individual—public or private—that offers or sells securities.  If the

Securities Lawyers Gone Wild – Michael Stewart

Securities Law 101 Blog On June 21, 2013, the Securities and Exchange Commission (“SEC”), suspended Michael Stewart, a California securities attorney, from practicing before the SEC.  The sanction stemmed from an SEC enforcement action brought by the agency… Read More

San Diego Penny Stock Promoter Charged with Securities Fraud

In the latest twist to the Bermuda Short Sting of 2003, on June 19, 2013, the Securities and Exchange Commission (“SEC”) Division of Enforcement charged David F. Bahr of Rancho Santa Fe, California, with securities fraud for attempting to generate the appearance of market interest in a penny stock in an effort to cause investors to buy the stock. Unfortunately for Bahr, his problems didn’t end with the SEC’s investigation of  his securities fraud.

SEC Registration Statement Attorneys l Going Public Lawyers

Hamilton & Associates Securities l Form S-1 Registration Statements In Going Public Transactions  The securities and going public attorneys at Hamilton & Associates Law Group have provided numerous issuers with their going public solution using Form S-1, Form 211 and other… Read More