Tag Archives: Investment Company Act

SEC Charges Gary Snisky with Defrauding Elderly Investors

SEC v. Gary C. Snisky, Case No. 1:13-cv-03149 (D. Colo.).  On November 21, 2013, the SEC announced it charged Gary Snisky with defrauding elderly investors.  According to the SEC, Snisky targeted retired annuity holders by using insurance agents to sell … Continue reading

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SEC Charges Daniel Bergin with Front Running

SEC v. Daniel Bergin, et al., Case No. 3:13-cv-1940 (D. TX.).   On May 24, 2013, the SEC announced it filed an emergency action and obtained an asset freeze against Daniel Bergin, an equity trader at Cushing MLP Asset Management.  According … Continue reading

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SEC Charges Investment Advisory Firms and Portfolio Managers For Collapse of Mutual Fund

In the Matter of Claymore Advisors, LLC, Admin. Proc. File No. 3-15139; In the Matter of Mohamed Riad and Kevin Timothy Swanson, Admin. Proc. File No. 3-15141; In the Matter of Fiduciary Asset Management, LLC, Admin. Proc. File No. 3-15140.  … Continue reading

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SEC Charges Edward M. Laborio In Boiler Room Scheme

Securities and Exchange Commission v. Edward M. Laborio, Jonathan Fraiman, Matthew K. Lazar, Envit Capital, LLC, Envit Capital Group, Inc., Envit Capital Holdings, Inc., Envit Capital Private Wealth Management, LLC, Envit Capital Multi Strategy Mixed Investment Fund I LP, Aetius … Continue reading

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Fund Adviser AMMB Consultant Sendirian Berhad Agrees to Pay More than $1.5 million to settle SEC Charges

Securities and Exchange Commission v. AMMB Consultant Sendirian Berhad, Case No. 1:12-cv-01052 (D.D.C.).  On June 26, 2012, the SEC sued AMMB Consultant Sendirian Berhad (“AMC”), a Malaysian investment adviser, for charging a U.S. registered fund for over a decade for advisory services that AMC did … Continue reading

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