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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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Tag Archives: SEC
SEC Charges Richard DeMaria in $4 million Prime Bank Scheme
SEC v. Richard DeMaria, Case No. 1:12-cv-04145 (N.D. Ill.). On May 30, 2012, the SEC charged Chicago-area resident Richard DeMaria with fraud, alleging that he operated a prime bank scheme that defrauded at least thirteen investors out of approximately $4.3 million. … Continue reading
SEC Obtains Emergency Relief Against Jason Konior in $11 Million Fraud
SEC v. Jason Konior, Absolute Fund Advisors, LLC, and Absolute Fund Management, LLC, Case No. 1:12-cv-04145-LLS (S.D.N.Y.). On May 24, 2012, the SEC obtained a preliminary injunction, asset freeze, and an order for a verified accounting against Jason Konior and his affiliated … Continue reading
SEC Charges George Levin and Frank Preve in $157 million Ponzi Scheme
SEC v. George G. Levin and Frank J. Preve, Case No. 1:12-cv-21917-UU (S.D. Fl.). On May 22, 2012, the SEC charged Levin and Preve, who provided the biggest influx of funds into one of the largest-ever Ponzi schemes in South Florida. From … Continue reading
Posted in Securities
Tagged Fraud, Ponzi Scheme, SEC, Securities Exchange Act, Unregistered Securities Transactions
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SEC Settles With Hedge Fund Adviser Charged With Misleading Investors
In the Matter of Quantek Asset Management, LLC, Bulltick Capital Markets Holdings, LP, Javier Guerra, and Ralph Patino, AP File No. 3-14893. On May 29, 2012, the SEC issued an Order Instituting Administrative and Cease-And-Desist Proceedings against Quantek, Bulltick, Guerra and Patino. … Continue reading
Posted in Securities
Tagged Hedge Fund, Investment Advisers Act, SEC, Securities Act
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SEC and U.S. Attorney Charge Multiple Company Officers and Penny Stock Promoters in Kickback and Manipulation Schemes
SEC v. Yan K. Skwara and US Farms, Inc., Case No. 0:12-cv-61078-JAL (S.D. Fl.); SEC v. Douglas D. Hague and Clean Coal Technologies, Inc., Case No. 0:12-cv-61076-WJZ (S.D. Fl.); SEC v. Joseph J. Repko, Michael M. Cimino, and Sure Trace … Continue reading
Posted in Securities
Tagged Fraud, Market Manipulation, Penny Stock, SEC, Securities Act, Securities Exchange Act
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Oppenheimerfunds Agrees to Pay $35 Million to Settle SEC Charges for Misleading Statements During Financial Crisis
In the Matter of Oppenheimerfunds, Inc. and Oppenheimerfunds Distributor, Inc., AP File No. 3-14909. On June 6, 2012, the SEC issued an Order Instituting Cease-And-Desist Proceedings against Oppenheimerfunds, Inc. (“OFI”) and Oppenheimerfunds Distributor, Inc. (“OFDI”) for making misleading statements about … Continue reading
Posted in Securities
Tagged Fraud, Investmeant Company Act, Investment Advisers Act, SEC, Securities Act
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SEC Charges Walter Clarke and Investment Firm With Fraud
In the Matter of Oxford Investment Partners, LLC and Walter J. Clarke, AP File No. 3-14899. On May 30, 2012, the SEC issued an Order Instituting Cease-And-Desist Proceedings against Phoenix-based investment adviser Walter Clarke for concealing his personal stake in … Continue reading
SEC and Stephen H. Guth Settle Insider Trading Charges Concerning Omrix Tender Offer
SEC v. Stephen H. Guth, Case No. 1:12-cv-00842 (RBW) (D.D.C.). On May 24, 2012 the SEC filed a settled civil enforcement action against Stephen H. Guth for buying Omrix Biopharmaceuticals, Inc. common stock ahead of a public announcement that Johnson & Johnson … Continue reading
SEC Charges Investment Advisers Jorge Gomez and Roberto Aleph Espinosa With Fraud
SEC v. Jorge Gomez and Roberto Aleph Espinosa, Case No. 1:12-CV-21962 (S.D. Fl.). On May 29, 2012, the SEC charged Jorge Gomez, an investment adviser, with perpetrating a fraudulent scheme to misappropriate millions from an investment advisory client. The SEC … Continue reading
Posted in Securities
Tagged Fraud, Investment Advisers Act, SEC, Securities Act, Securities Exchange Act
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SEC Obtains Order to Pay More Than $2.8 million Against New Futures Trading International Corporation and Henry Roche in Ponzi Scheme
SEC v. New Futures Trading International Corporation and Henry Roche, Case No. 11-CV-532-JL (D. NH.) On May 24, 2012 the U.S. District Court for the District of New Hampshire entered final judgments by default against New Futures Trading International Corporation … Continue reading
Securities Enforcement Blog 