Monthly Archives: July 2012

Brothers Jeffrey and Robert Wolfson Agree to Pay $14.5 Million to Settle SEC Charges of Reg. SHO Violations

In the Matter of Jeffrey A. Wolfson et al., Admin. Proc. No. 3-14726.  On July 17, 2012, the SEC announced that brothers Jeffrey A. Wolfson and Robert A. Wolfson, both charged earlier this year with short selling violations, agreed to … Continue reading

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CFTC Obtains Final Judgment Requiring Gordon A. Driver and His Companies to Pay Over $41 Million in Restitution and Penalties

CFTC v. Gordon A. Driver et al., Case No. SA 09-CV-0578-ODW (RZx) (C.D. Cal.).  Yesterday the CFTC announced a final judgment and permanent injunction order against Gordon A. Driver, Axcess Automation LLC (“Axcess Automation”), and Axcess Fund Management LLC (“Axcess … Continue reading

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CFTC Charges Christopher Daley and TC Credit Services, LLC with Solicitation Fraud and Misappropriation

CFTC v. Christopher D. Dailey et al., Case No. 12 CV 1834 (D. Tex.)  The CFTC announced on July 11, 2012, the filing of an enforcement action, charging Christopher D. Daley and his firm, TC Credit Service, LLC (“TCCS”) with operating … Continue reading

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CFTC Files Fraud Charges Against Peregrine Financial Group, Inc. and Russell R. Wasendorf, Sr.

CFTC v. Peregrine Financial Group, Inc., et al., Case No. 1:12-cv-05383 (N.D. Ill.)  On July 10, 2012, the CFTC filed a complaint against Peregrine Financial Group, Inc. (“PFG”), a registered futures commission merchant, and its owner, Russell R. Wasendorf, Sr.  The … Continue reading

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CFTC Obtains Court Order Requiring Robert Mihailovich, Sr. and Growth Capital Management LLC to Pay $9.3 Million

CFTC v. Growth Capital Management, LLC, et al., Case No. 3:10-CV-1473-B (D. Tex.)  On July 9, 2012, the CFTC announced it obtained an order requiring Robert Mihailovich, Sr. and Growth Capital Management LLC (“GCM”) to pay approximately $9.3 million for … Continue reading

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SEC Charges Apparao Mukkamala, Suresh Anne, Jitendra Prasad Katneni, Mallikarjunarao Anne, and Rao A.K. Yalamanchili With Insider Trading

United States Securities and Exchange Commission v. Apparao Mukkamala, et al., Case No. 12-cv-13020 (E.D. Mich. July 10, 2012).  On July 10, 2012, the SEC filed settled insider trading charges against five physicians.  Between March and July 2010, Mukkamala served … Continue reading

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SEC Charges Orthofix International Charged with FCPA Violations

Securities and Exchange Commission v. Orthofix International N.V., Case No. 4:12-CV-419 (E.D. Tex.).  On July 10, 2012, the SEC filed a settled action against Orthofix International for violating the Foreign Corrupt Practices Act (“FCPA”).  From 2003 to 2010, Orthofix’s wholly-owned Mexican … Continue reading

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SEC Charges Peter Madoff Charged with Fraud

Securities and Exchange Commission v. Peter B. Madoff, Case No. 12-civ-5100.  On June 29, 2012, the SEC charged Peter Madoff, brother of Bernie Madoff, with fraud, making false statements to regulators, and falsifying books and records.  Madoff served as Chief … Continue reading

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SEC Charges FalconStor Software with Bribery

Securities and Exchange Commission v. FalconStor Software, Inc., Case No. 12-3200 (DRH) (E.D.N.Y).  On June  27, 2012, the SEC charged FalconStor Software, Inc., a data storage company, with misleading investors about bribes it paid to obtain business with a J.P. Morgan … Continue reading

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SEC Charges New York-based Hedge Fund Adviser Philip A. Falcone With Securities Fraud

SEC v. Harbinger Capital Partners LLC; Philip A. Falcone; and Peter A. Jenson, Case No. 12-CV-5028 (S.D.N.Y.); SEC v. Philip A. Falcone; Harbinger Capital Partners Offshore Manager, LLC; and Harbinger Capital Partners Special Situations GP, LLC, Case No. 12-CV-5027 (S.D.N.Y.); … Continue reading

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