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Monthly Archives: September 2013
SEC Charges Stephen Kirkland and his Company The Kirkland Organization with Securities Fraud for Misleading Investors About the Returns on their Investments
SEC v. Stephen L. Kirkland and The Kirkland Organization, Inc., Case No. 1:13-cv-3150-JEC (N.D. Ga.). On September 23, 2013, the SEC announced fraud charges against Stephen L. Kirkland and his company The Kirkland Organization, Inc. (“TKO”). According to the SEC, … Continue reading
Posted in Securities
Tagged Fraud, Investment Advisers Act, SEC, Securities Act, Securities Exchange Act
SEC Charges Kieran Taylor for Role in Rajaratnam Insider Trading Scheme
SEC v. Kieran Taylor, Case No. 13-cv-6670 (S.D.N.Y.). On September 20, 2013, the SEC filed insider trading charges against Kieran Taylor alleging he got confidential information indicating that Akamai would fall short of previous revenue projections it made publicly. Akamai … Continue reading
Posted in Securities
Tagged Insider Trading, SEC, Securities Act, Securities Exchange Act
SEC Charges Advisory Firm Owner Tibor Klein and Stockbroker Michael Shechtman with Insider Trading Ahead of Merger Announcement
SEC v. Tibor Klein and Michel R. Shechtman, Case No. 9:13-cv-80954 (S.D. Fla.). On September 20, 2013, the SEC announced insider trading charges against Tibor Klein, president of Klein Financial Services and his stockbroker friend Michael Shechtman. The SEC alleges … Continue reading
Posted in Securities
Tagged Insider Trading, SEC, Securities Exchange Act
SEC Charges Benjamin S. Staples and his Son Benjamin O. Staples with Profiting from Terminally Ill Patients
SEC v. Benjamin S. Staples and Benjamin O. Staples, Case No. 3:13-2575-MBS. On September 20, 2013, the SEC announced fraud charges against Benjamin S. Staples and Benjamin O. Staples. The SEC alleges that the Stapleses lured terminally ill people into … Continue reading
Posted in Securities
Tagged Fraud, SEC, Securities Act, Securities Exchange Act
JPMorgan Pays $200 Million to Settle Charges Related to its London Whale Trading Loss and is Forced to Admit Wrongdoing
In the Matter of JPMorgan Chase & Co., Admin. Proc. File No. 3-15507. On September 19, 2013, the SEC announced it issued a settled Order Instituting Proceedings (“OIP”) against JPMorgan Chase & Co. According to the OIP, the Sarbanes-Oxley Act … Continue reading
Posted in Securities
Tagged Books and Records, SEC, Securities Exchange Act
SEC Charges Money Manager Frederick Scott with Defrauding Investors
SEC v. Frederick D. Scott, Case No. CV 13-5113 (E.D.N.Y.). On September 13, 2013, the SEC announced fraud charges against Fredrick D. Scott whose firm ACI Capital Group was registered as an investment adviser. In a parallel criminal action, the … Continue reading
Posted in Securities
Tagged Fraud, Investment Advisers Act, SEC, Securities Act, Securities Exchange Act
SEC Obtains Emergency Relief against Investment Adviser Paul Marshall for Misappropriating Client Funds
SEC v. Paul Marshall, Bridge Securities, LLC a/k/a Bridge Financial, Bridge Equity, Inc. and FOGFuels, Inc., Case No. 1:13-CV-3032 (N.D. Ga.). On September 12, 2013, the SEC announced it filed an action seeking a temporary restraining order and other emergency … Continue reading
Posted in Securities
Tagged Fraud, Investment Advisers Act, SEC, Securities Act, Securities Exchange Act
SEC Defendant Indicted in $30 Million Ponzi Scheme
SEC v. Creative Capital Consortium, LLC, et al., Case No. 08-81565-CIV-HURLEY. On September 10, 2013, the SEC announced that the U.S. Attorney’s Office for the Southern District of Florida filed a 40-count indictment against George Louis Theodule.
Posted in Securities
Tagged Ponzi Scheme, SEC
SEC Files Settled Action against Brian Elrod and Nova Dean Pack in Fraudulent Promissory Note Offering
SEC v. Brian G. Elrod and Nova Dean Pack, Case No. 13-CV-02449WYD (D. Colo.). On September 9, 2013, the SEC announced it filed settled fraud charges against Brian G. Elrod in connection with a promissory note offering for which Nova … Continue reading
Posted in Securities
Tagged Broker-Dealer, Fraud, SEC, Securities Act, Securities Exchange Act, Unregistered Securities Transactions
SEC Charges Brandt A. Lawler, Michael S. Lawler, Ryan G. Lawler, Timothy J. Lawler, and Pamela Hass in Offering Fraud
SEC v. Projaris Management, LLC et al., Case No. 1:13-cv-00849 (D.N.M.). On September 9, 2013, the SEC announced fraud charges against Projaris Management, LLC, Victory Partners Financial, Joe G. Lawler, Brandt A. Lawler, Michael S. Lawler, Ryan G. Lawler, Timothy … Continue reading
Posted in Securities
Tagged Fraud, SEC, Securities Act, Securities Exchange Act, Unregistered Securities Transactions
