Tag Archives: Securities Exchange Act

SEC Charges Kieran Taylor for Role in Rajaratnam Insider Trading Scheme

SEC v. Kieran Taylor, Case No. 13-cv-6670 (S.D.N.Y.).  On September 20, 2013, the SEC filed insider trading charges against Kieran Taylor alleging he got confidential information indicating that Akamai would fall short of previous revenue projections it made publicly.  Akamai … Continue reading

Posted in Securities | Tagged , , ,

SEC Charges Advisory Firm Owner Tibor Klein and Stockbroker Michael Shechtman with Insider Trading Ahead of Merger Announcement

SEC v. Tibor Klein and Michel R. Shechtman, Case No. 9:13-cv-80954 (S.D. Fla.).  On September 20, 2013, the SEC announced insider trading charges against Tibor Klein, president of Klein Financial Services and his stockbroker friend Michael Shechtman.  The SEC alleges … Continue reading

Posted in Securities | Tagged , ,

SEC Charges Benjamin S. Staples and his Son Benjamin O. Staples with Profiting from Terminally Ill Patients

SEC v. Benjamin S. Staples and Benjamin O. Staples, Case No. 3:13-2575-MBS.  On September 20, 2013, the SEC announced fraud charges against Benjamin S. Staples and Benjamin O. Staples.  The SEC alleges that the Stapleses lured terminally ill people into … Continue reading

Posted in Securities | Tagged , , ,

JPMorgan Pays $200 Million to Settle Charges Related to its London Whale Trading Loss and is Forced to Admit Wrongdoing

In the Matter of JPMorgan Chase & Co., Admin. Proc. File No. 3-15507.  On September 19, 2013, the SEC announced it issued a settled Order Instituting Proceedings (“OIP”) against JPMorgan Chase & Co.  According to the OIP, the Sarbanes-Oxley Act … Continue reading

Posted in Securities | Tagged , ,

SEC Charges Money Manager Frederick Scott with Defrauding Investors

SEC v. Frederick D. Scott, Case No. CV 13-5113 (E.D.N.Y.).  On September 13, 2013, the SEC announced fraud charges against Fredrick D. Scott whose firm ACI Capital Group was registered as an investment adviser.  In a parallel criminal action, the … Continue reading

Posted in Securities | Tagged , , , ,

SEC Obtains Emergency Relief against Investment Adviser Paul Marshall for Misappropriating Client Funds

SEC v. Paul Marshall, Bridge Securities, LLC a/k/a Bridge Financial, Bridge Equity, Inc. and FOGFuels, Inc., Case No. 1:13-CV-3032 (N.D. Ga.).  On September 12, 2013, the SEC announced it filed an action seeking a temporary restraining order and other emergency … Continue reading

Posted in Securities | Tagged , , , ,

SEC Files Settled Action against Brian Elrod and Nova Dean Pack in Fraudulent Promissory Note Offering

SEC v. Brian G. Elrod and Nova Dean Pack, Case No. 13-CV-02449WYD (D. Colo.).  On September 9, 2013, the SEC announced it filed settled fraud charges against Brian G. Elrod in connection with a promissory note offering for which Nova … Continue reading

Posted in Securities | Tagged , , , , ,

SEC Charges Brandt A. Lawler, Michael S. Lawler, Ryan G. Lawler, Timothy J. Lawler, and Pamela Hass in Offering Fraud

SEC v. Projaris Management, LLC et al., Case No. 1:13-cv-00849 (D.N.M.).  On September 9, 2013, the SEC announced fraud charges against Projaris Management, LLC, Victory Partners Financial, Joe G. Lawler, Brandt A. Lawler, Michael S. Lawler, Ryan G. Lawler, Timothy … Continue reading

Posted in Securities | Tagged , , , ,

SEC Gets Emergency Relief Prime Bank Scheme

SEC v. Bernard H. Butts, et al., Case No. 13-23115-CIV-MARTINEZ (S.D. Fla.).  On September 9, 2013, the SEC announced that it has obtained an emergency asset freeze and temporary restraining order in connection with a prime bank investment scheme.  According to … Continue reading

Posted in Securities | Tagged , ,

SEC Charges Former JPMorgan Traders Javier Martin-Artajo and Julien Grout with Fraud

SEC v. Javier Martin-Artajo and Julien G. Grout, Case No. 13-cv-5677 (S.D.N.Y.).  On August 14, 2013, the SEC announced fraud charges against Traders Javier Martin-Artajo and Julien Grout, former traders at JPMorgan Chase & Co.  In a parallel action, the … Continue reading

Posted in Securities | Tagged , ,