Securities and Exchange Commission v. Yossef Kahlon, et al., Civil Action No. 4:12-CV-517 (E.D. Tex.)   On August 17, 2012, the SEC announced charges against Jossef Kahlon, a/k/a/ Yossef Kahlon and TJ Management Group, LLC (“TJM”) for selling the stock of several penny stock issuers into the public market in violation of the registration provisions of the federal securities laws.  Kahlon and TJM bought hundreds of millions of shares of stock in several issuers at substantial discounts.  They then sold the shares at market rates, reaping about $7.7 million in profit.  Because the sales were not registered with the SEC, investors dot not have access to important information.  Kahlon and TJM are charged with violating Section 5 of the Securities Act. The SEC is seeking permanent injunctions, civil penalties, penny stock bars and disgorgement of ill-gotten gains.