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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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Author Archives: BraunHagey & Borden
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
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
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
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
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
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
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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Tagged Insider Trading, SEC, Securities Act, Securities Exchange Act
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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
Posted in Securities
Tagged CFTC, SEC, Securities Act, Securities Exchange Act, Unregistered Securities Transactions
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SEC Freezes the Assets of Badin Rungruangnavarat for Insider Trading Before Smithfield Foods Acquisition Announcement
SEC v. Badin Rungruangnavarat, Case No. 13-cv-4172 (N.D. Il.). On June 6, 2013, the SEC announced it obtained an emergency order freezing the assets of Badin Rungruangnavarat who is in Bangkok, Thailand. The SEC alleges that Rungruangnavarat bought out-of-the-money Smithfield … Continue reading
SEC Charges Michael Bartoszek and his Penny Stock Company with Fraud and Insider Trading
SEC v. Laidlaw Energy Group, Inc. and Michael B. Bartoszek, Case No. 13-cv-3887 (S.D.N.Y.). On June 5, 2013, the SEC announced charges against Laidlaw Energy Group and its CEO Michael B. Bartoszek. According to the SEC, Bartoszek sold billions of … Continue reading
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