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- SEC Charges Microsoft Manager Brian Jorgenson and his Friend Sean Stokke with Insider Trading
- SEC Obtains Emergency Relief against Robert Helms and Janniece Kaelin in Alleged Ponzi Scheme
- SEC Charges Fifth Third Bancorp and its Former CFO Daniel Poston with Fraud for Accounting Practices during the Financial Crisis
- SEC Settles Insider Trading Case against Charles Langston III
- SEC Settles Penny Stock Case Against Curt Kramer for $1.4 Million
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Monthly Archives: September 2012
SEC Obtains Temporary Asset Freeze and Restraining Order Against Louis Schooler and His Company in $50 Million Fraud Scheme
Securities and Exchange Commission v. Louis V. Schooler and First Financial Planning Corporation d/b/a Western Financial Planning Corporation, Case No. 12 CV 2164 LAB (JMA) (S.D. Cal.). On September 10, 2012, the SEC announced it obtained an asset freeze against … Continue reading
Posted in Securities
Tagged Fraud, SEC, Securities Act, Securities Exchange Act, Unregistered Securities Transactions
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SEC Files Settled Insider Trading Case Against Pharmaceutical Company Executive Arthur Reed And His Father-In-Law Allan Derusha
SEC v. Arthur H. Reed and Allan F. Derusha, Case No. 1:12-cv-07119 (N.D. Ill.). On September 6, 2012, the SEC filed settled insider trading charges against Arthur Reed, who was the Director of Contract Marketing for APP Pharmaceuticals, Inc., and … Continue reading
SEC Charges Hyung Lim With Insider Trading For Tipping Hedge Fund Manager
SEC v. Hyung Lim, Case No. 12-CV-6707 (S.D.N.Y.). On September 4, 2012, the SEC charged Hyung Lim with insider trading. Lim obtained information about Nvidia Corporation’s quarterly earnings announcements from a friend who worked there. Lim would then tip hedge … Continue reading
Posted in Securities
Tagged Fraud, Hedge Fund, illegal trades, Insider Trading, SEC, Securities Act, Securities Exchange Act
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SEC Charges Yan-qing Liu With Fraud For Bolstering Financial Results With Fake Sales
SEC v. China Sky One Medical, Inc. and Yan-qing Liu, Case No. CV12-7543 MWF (MANx) (C.D. Cal.). On September 4, 2012, the SEC charged China-based China Sky One Medical, Inc. (“CSKI”) and its CEO and chairman Yan-qing Liu with fraud. CSKI claimed in public … Continue reading
Posted in Securities
Tagged Books and Records, Fraud, Internal Controls, SEC, Securities Act, Securities Exchange Act
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SEC Charges Georgia Accountant and Several Others with Insider Trading
SEC v. Melvin, Case No. 1:12-cv-02984 (N.D. Ga.); SEC v. Berry, Case No. 1:12-cv-02985 (N.D. Ga.); SEC v. Coots, Case No. 1:12-cv-02986 (N.D. Ga.); SEC v. Jackson, Case No. 1:12-cv-02987 (N.D. Ga. Filed Aug. 28, 2012); SEC v. Rooks, Case … Continue reading
Hedge Fund Manager James F. Turner And His Firm Ordered to Disgorge $2 Million In Profits From Insider Trading
Securities and Exchange Commission v. Clay Capital Management, LLC, et al., Case No. 2:11-cv-05020-DMC-JAD (D.N.J.). On August 29, 2012, the SEC announced it obtained final judgments against Clay Capital Management, LLC and its former Chief Investment Officer, James F. Turner II, … Continue reading
Posted in Securities
Tagged Fraud, Hedge Fund, Insider Trading, SEC, Securities Act, Securities Exchange Act
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SEC Charges Investment Adviser Anthony K. Welch With Fraud
SEC v. Anthony K. Welch, Case No. 1:12-cv-3034 (N.D. Ga.). On August 31, 2012, the SEC charged former investment adviser Anthony Welch with fraud. Welch issued a press releases and made other public statements that had false and misleading information … Continue reading
Posted in Securities
Tagged Fraud, Market Manipulation, Penny Stock, SEC, Securities Exchange Act
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SEC Charges Brokers Fabrizio Neves and Jose Luna for Defrauding Brazilian Public Pension Funds
Securities and Exchange Commission v. Fabrizio Neves, et al., Case No. 1:12-cv-23131 (S.D. Fla.). On August 29, the SEC filed fraud charges against former Miami brokers Fabrizio Neves and Jose Luna. Neves and Luna were involved in a scheme to … Continue reading
SEC Files Fraud Action Robert L. Kelly and Wwebnet, Inc.
Securities and Exchange Commission v. Wwebnet, Inc. and Robert L. Kelly, Case No. 12-CV-6581 (S.D.N.Y.). On August 28, the SEC announced fraud charges against Wwebnet, Inc. and its CEO Robert Kelly. Kelly solicited investments from investors to purchase stock issued … Continue reading
SEC Files Settled Fraud Action Against Hedge Fund Manager Gary R. Marks
Securities and Exchange Commission v. Gary R. Marks, CV-12-4486-JSC (N.D. Cal.). On August 27, the SEC announced it had filed a settled action against Gary R. Marks. Marks managed various fund of funds hedge funds through Sky Bell Asset Management, … Continue reading
Posted in Securities
Tagged Fraud, Hedge Fund, Investment Advisers Act, SEC, Securities Act
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Securities Enforcement Blog 