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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: Securities Act
SEC Obtains Emergency Relief against Robert Helms and Janniece Kaelin in Alleged Ponzi Scheme
SEC v. Robert A. Helms, et al., Case No. 1:13-cv-01036-LY (W.D. Tex.). On December 6, 2013, the SEC announced it obtained an asset freeze and other emergency relief in an alleged Ponzi scheme. According to the SEC, Robert A. Helms … Continue reading
Posted in Securities
Tagged Broker-Dealer, Fraud, Ponzi Scheme, SEC, Securities Act, Securities Exchange Act
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SEC Charges Fifth Third Bancorp and its Former CFO Daniel Poston with Fraud for Accounting Practices during the Financial Crisis
In the Matter of Fifth Third Bancorp and Daniel Poston, Admin. Proc. No. 3-15635. On December 4, 2013, the SEC announced it filed a Settled Administrative Order Instituting Proceedings (“OIP”) against Fifth Third Bancorp and its former CFO Daniel Poston. … Continue reading
Posted in Securities
Tagged Books and Records, Fraud, Internal Controls, SEC, Securities Act, Securities Exchange Act
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SEC Settles Insider Trading Case against Charles Langston III
SEC v. Charles Raymond Langston III et al., Case No. 1:13-cv-24360 (S.D. Fla.) On December 3, 2013, the SEC announced the filing of a settled insider trading case against Charles Raymond Langston III. The SEC also charged his companies with … Continue reading
Posted in Securities
Tagged Insider Trading, SEC, Securities Act, Securities Exchange Act
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SEC Settles Penny Stock Case Against Curt Kramer for $1.4 Million
In the Matter of Curt Kramer et al., Admin Proc. No. 3-15621. On November 25, 2013, the SEC announced the filing of a settled Order Instituting Cease-and-Desist Proceedings(“OIP”) against Curt Kramer and his firms Mazuma Corporation, Mazuma Funding Corporation, and … Continue reading
Posted in Securities
Tagged SEC, Securities Act, Unregistered Securities Transactions
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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
SEC Charges Investment Advisers Gregory Adams and Larry Grossman with Fraud
In the Matter of Larry C. Grossman and Gregory J. Adams, Admin. Proc. No. 3-15617. On November 20, 2013, the SEC announced it issued an Order Instituting Administrative Cease-and-Desist Proceedings (“OIP”) against investment advisers Larry Grossman and Gregory Adams. The … Continue reading
Posted in Securities
Tagged Fraud, Investment Advisers Act, SEC, Securities Act, Securities Exchange Act
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SEC Charges Mark Megalli with Insider Trading
SEC v. Mark Megalli, (N.D. Ga.). On November 14, 2013, the SEC announced it filed insider trading charges against Mark Megalli for trading on nonpublic information about clothing company Carter’s Inc. According to the SEC, Megalli got inside information through a … Continue reading
Posted in Securities
Tagged Fraud, Hedge Fund, Insider Trading, SEC, Securities Act, Securities Exchange Act
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SEC Enters into Deferred Prosecution Agreement with Scott Herckis
On November 12, 2013, the SEC announced that it entered into its first deferred prosecution agreement (“DPA”) with an individual. DPAs are intended to encourage cooperation with the SEC as it investigates wrongdoing. In return for such cooperation, the SEC … Continue reading
Posted in Securities
Tagged Fraud, Investment Advisers Act, SEC, Securities Act, Securities Exchange Act
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SEC Charges Subsidiary of the Royal Bank of Scotland with Fraud in Connection with Mortgage-Backed Security Offering
SEC v. RBS Securities, Inc., Case No. 3:13-cv-01643 (D. Conn.). On November 7, 2013, the SEC announced it filed settled fraud charges against RBS Securities Inc., a subsidiary of the Royal Bank of Scotland plc, in connection with a subprime … Continue reading
SEC Charges Municipal Issuer and the Underwriter and Outside Developer in Connection with a Bond Offering that Financed the Construction of a Regional Events Center and Ice Hockey Arena
In the Matter of the Greater Wenatchee Regional Events Center Public Facilities District, et al., Admin Proc. No. 3-156602; In the Matter of Piper Jaffray & Co. and Jane Towery, Admin Proc. No. 3-15603. On November 5, 2013, the SEC … Continue reading
Securities Enforcement Blog 