Tag Archives: Penny Stock

SEC Charges Brokers Jeffrey Stebbins and Corbin Jones with Stealing Investments

SEC v. Jeffrey Stebbins and Corbin Jones, Case No. 2:13-cv-00755 SRB (D. Az.).  On April 16, 2013, the SEC announced it filed fraud charges against Jeffrey Stebbins and Corbin Jones.  The SEC alleges that Stebbins and Jones solicited investors for … Continue reading

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SEC Charges Attorney Brian Reiss with Fraud for Legal Opinion Letters

SEC v. Brian R. Reiss, Case No. 13-cv-1537 (S.D.N.Y.).  On March 7, 2013, the SEC announced fraud charges against California attorney Brian Reiss for issuing legal opinion letters without any basis.  A legal opinion letter is one provided to transfer … Continue reading

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SEC Charges Robert Crane with Market Manipulation of Penny Stocks

SEC v. Robert Crane, Case No. 1:13-cv-00261 CMH (E.D. Va.).  On March 7, 2013, the SEC announced a settled fraud action against Robert Crane for manipulating the market for certain penny stocks.  The SEC alleges that Crane executed six wash … Continue reading

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SEC Charges Jonathan Gilchrist with Stock Manipulation

SEC v. Jonathan C. Gilchrist, Case No 4:13-cv-00163 (S.D. Tex.).  On January 23, 2013, the SEC announced it filed charges against Jonathan C. Gilchrist for engaging in a stock manipulation scheme in violation of the registration and antifraud provisions of the … Continue reading

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SEC Charges James and Jeffrey Quay With Defrauding Elderly Investors

SEC v. James S. Quay and Jeffrey A. Quay, Case No. 1:12-cv-03429-RWS (N.D. Ga.).  On October 4, 2012, the SEC announced fraud charges against James and Jeffrey Quay.  James Quay (“Quay”) and his brother stole $560,000 from two women who … Continue reading

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SEC Charges Solar Company In Market Manipulation Case

SEC Sunrise Solar Corporation, Eddie D. Austin, Jr., and Carolyn Austin, Civil Action No. 5:12-cv-00918-OLG (W.D. Tx.).  On October 1, 2012, the SEC announced it had filed fraud charges against Sunrise Solar Corporation, its former CEO Eddie D. Austin, Jr., … Continue reading

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SEC Charges Jonathan Bryant, Thomas Kelly, Carl Duncan and 8000, Inc. In Market Manipulation Scam

SEC v. 8000, Inc., Jonathan E. Bryant, Thomas J. Kelly, and Carl N. Duncan, Esq., Case No. 12-CV-7261 (S.D.N.Y.).  On September 27, 2012, the SEC announced charges against 8000, Inc., Jonathan E. Bryant, Thomas J. Kelly, and Carl N. Duncan, … Continue reading

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SEC Charges Four Individuals In $1.7 Million Investment Scam

SEC v. Rudolf D. Pameijer, et al., Case No. 1:12-CV-01364 (S.D. In.).  On September 24, 2012, the SEC announced fraud charges against Rudolf D. Pameijer, Lindsay R. Sayer, Ryan W. Koester and his entity Rykoworks Capital Group, LLC.  Koester claimed to be an … Continue reading

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SEC Charges Investment Adviser Anthony K. Welch With Fraud

SEC v. Anthony K. Welch, Case No. 1:12-cv-3034 (N.D. Ga.).  On August 31, 2012, the SEC charged former investment adviser Anthony Welch with fraud.  Welch issued a press releases and made other public statements that had false and misleading information … Continue reading

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SEC Charges Edward Bronson And His Firm In Penny Stock Scheme

Securities and Exchange Commission v. Edward Bronson, et al., Case No. 12-CV-6421 (S.D.N.Y.).  On August 22, the SEC charged Edward Bronson and his company, E-Lionheart Associates LLC, in a penny stock scheme.  Bronson and E-Lionheart employees would makes cold calls … Continue reading

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