Monthly Archives: June 2013

SEC Charges Medical Imaging Device Company Imaging3 and its Founder Dean Janes with Fraud

SEC v. Imaging3, Inc. & Dean Janes, Case No. CV13-04616 GAF (AJWx) (C.D. Cal.).  On June 26, 2013, the SEC announced it filed fraud charges against Imaging3, Inc. and its founder Dean Janes.  Janes held a conference call with investors … Continue reading

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SEC Charges Robert Hurd and His Company in Investment Scheme Touting Alzheimer’s Treatment

SEC v. Robert Hurd, Your Best Memories International Inc. and Kenneth Gross, Case No. 13-CV-04464-RGK (JCGx) (C.D. Cal.).  On June 21, 2013, the SEC announced it filed charges against Your Best Memories International Inc. and its president, Robert Hurd for fraud.  … Continue reading

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SEC Settles Insider Trading Case with former Yahoo Executive Robert Kwok

SEC v. Reema D, Shah and Robert W, Kwok, Case No. 12-cv-430 (S.D.N.Y.).  On June 12, 2013, the SEC announced it settled insider trading charges against former Yahoo executive Robert Kwok in a case filed last year. The SEC alleged … Continue reading

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SEC Charges Revlon, Inc. for Misleading Shareholders When Going Private

In the Matter of Revlon, Inc., Admin. Proc. No. 3-15356.  On June 13, 2013, the SEC announced it filed settled administrative charges against Revlon for misleading shareholders in connection with a “going private transaction.”  A going private transaction is essentially … Continue reading

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SEC Charges Ernesto Lujan in Connection with Kickback Scheme

SEC v. Bethancourt et al., Case No. 13-cv-3074 (S.D.N.Y.).  On June 12, 2013, the SEC announced it filed an amended complaint adding Ernesto Lujan, former head of the Miami office of brokerage firm Direct Access Partners (“DAP”).  Last month, the … Continue reading

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SEC Charges Brothers Leslie Jacobs II and Andrew Jacobs in Eighth Insider Trading Case Related to Sanofi-Aventis’ of Chattem

SEC v. Jacobs, Case No. 1:13-cv-1289 (N.D. Ohio).  On June 11, 2013, the SEC announced it filed insider trading charges against Andrew W. Jacobs (“A. Jacobs”) and Leslie J. Jacobs II (“L. Jacobs”).  The SEC alleges that when French pharmaceutical … Continue reading

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SEC Charges the CBOE for Regulatory Failures

In the Matter of Chicago Board Options Exchange, Incorporated and C2 Options Exchange, Incorporated, Admin Proc. File No. 3-15353.  On June 11, 2013, the SEC announced it filed settled administrative proceedings against the Chicago Board Options Exchange (“CBOE”) and an … Continue reading

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SEC Charges Investment Adviser Chauncey Mayfield and Others with Stealing Money from the Detroit Police and Firefighters Pension Fund

SEC v. MayfieldGentry Realty Advisors et al., Case No. 2:13-cv-12520 NGE MAR (E.D. Mich.).  On June 10, 2013, the SEC announced it filed a complaint against Chauncey C. Mayfield for taking $3.1 million from the Police and Fire Retirement System … Continue reading

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SEC Charges Whittier Trust and Fund Manager Victor Dosti with Insider Trading

SEC v. Victor Dosti and Whittier Trust Co (S.D.N.Y).  On June 7, 2013, the SEC announced it filed a complaint in the Southern District of New York charging Victor Dosti and Whittier Trust Company with insider trading.  According to the … Continue reading

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SEC and CFTC Charge Cyprus-Based Banc de Binary with Illegally Selling Binary Options

SEC v. Banc de Binary Ltd., Case No. 2:13-cv-00993 (D. Nev.).  On June 6, 2013, the SEC announced charges against Banc de Binary for unlawfully selling binary options.  Binary options are options contracts where the payout depends on whether the … Continue reading

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