Monthly Archives: October 2012

SEC Charges Joseph Pacificio with Financial Fraud

SEC v. Joseph Pacifico, Case No. 1:12-cv-03636 (N.D. Ga.).  On October 18, 2012, the SEC announced charges against Joseph Pacifico, a former President of Carter’s, Inc., marketer of children’s clothing, for engaging in financial fraud at Carter’s.  Carter’s Executive Vice … Continue reading

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Hong Kong Firm Ordered To Pay $14 Million to Settle Insider Trading Charges

SEC v. Well Advantage Limited, et al., Case No. 12-cv-5786(S.D.N.Y.).  Previously, I’ve blogged here and here about the SEC’s asset freezes obtained in connection with insider trading related to various Chinese companies.  On October 18, 2012, the SEC announced that … Continue reading

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SEC Charges Geoffrey Lunn, Darlene Bishop and Vincent Curry in $5.77 Million Investment Scheme

Securities and Exchange Commission v. Geoffrey H. Lunn, Darlene A. Bishop and Vincent G. Curry, Case No. 12-cv-02767 (D. Colo.).  On October 18 2012, the SEC announced charges against Geoffrey H. Lunn, Darlene A. Bishop and Vincent G. Curry for … Continue reading

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SEC Obtains More Than $3 Million In Accounting Fraud

Securities and Exchange Commission v. Joseph J. Monterosso, et. al., Case No. 07-61693 (S.D. Fla.).  On October 18 2012, the SEC announced that it obtained disgorgement, civil penalties, and officer-and-director bars against four remaining defendants in an accounting fraud action … Continue reading

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SEC Defendant Arnett Waters Now Faces Criminal Charges in Fraud Scheme

SEC v. A.L. Waters Capital, LLC, et al., Case No. 12-cv-10783-DJC (D. Mass.); U.S. v. Arnett L. Waters, 12-cr-10336-DJC (D. Mass.).  On May 1, 2012, the SEC filed charges against Arnett Waters and two of his companies for their roles … Continue reading

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SEC Charges Michael Southworth With Touting And Acting As An Unregistered Broker

SEC v. The Investors Registry, LLC, and Michael J. Southworth, Case No. 2:12-cv-02214-MEA (D. Ariz.).  On October 17, 2012, the SEC announced charges against Michael Southworth and The Investors Registry, LLC (“TIR”).  Southworth sold memberships in TIR.  Southworth profiled various … Continue reading

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SEC’s Aberrational Performance Inquiry Leads To Charges Against Hedge Fund Executives Mark Angelo and Edward Schinik

SEC v. Yorkville Advisors, LLC, et al., Case No. 12-civ-7728 (S.D.N.Y.)  The SEC’s Aberrational Performance Inquiry, which is a joint effort among the Division of Enforcement, Office of Compliance, Inspections and Examinations, and the Division of Risk, Strategy and Financial … Continue reading

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SEC Obtains Judgment Against Derek F.C. Elliott in Connection with Fraudulent Offer of Interests in Dominican Republic Resorts

SEC v. James S. James B. Catledge, et al., Case No. 2:12-cv-00887-JCM-RJJ  (D. Nevada).  On October 15, 2012, the SEC announced it obtained a judgment against Derek F.C. Elliott.   The SEC’s enforcement action was filed in May 2012, against James … Continue reading

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SEC Adds Defendant to Pending Insider Trading Case Against Chinese Citizens

SEC v. All Know Holdings, LTD et al., Case No. 11-cv-8605 (N.D. Ill).  On October 12, 2012, the SEC announced new charges in a pending insider trading case against several Chinese citizens and a Chinese-based entity.  The SEC previously charged … Continue reading

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SEC Obtains Contempt Order in 30-Year Old Case

SEC v. James L. Douglas a/k/a James Cooper, Case No. 82-cv-29 (N.D. Ohio).  After being criticized a few years ago about not being aggressive enough about going after defendants who do not pay their penalties, the SEC shows it is … Continue reading

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