Securities Lawyer 101 l Brenda Hamilton

Securities Lawyer 101 l Brenda Hamilton

Wednesday, August 31, 2016

The SEC Charged Three Men for CitySide Tickets Investor Fraud


On August 22, 2016, June 8, 2016, and June 2, 2016, respectively, Richard Weed, Coleman Flaherty III, and Thomas Brazil were sentenced for their roles in defrauding investors in CitySide Tickets Inc., a Massachusetts-based ticket brokering business. ...
https://www.securitieslawyer101.com/?p=35732

Tuesday, August 30, 2016

John Ragsdale Charged with Aiding and Abetting Penny Stock Fraud


On August 22, 2016 the Securities and Exchange Commission ("SEC") announced that it has charged John Ragsdale of South Carolina with aiding and abetting a penny stock fraud involving now-defunct U.S. public company Global Earth Energy, Inc. (Global ...
https://www.securitieslawyer101.com/?p=35729

Monday, August 29, 2016

Michael Andre Jones Charged for Fraudulent Offering and Sales of Unregistered Securities


On August 22, 2016 the Securities and Exchange Commission ("SEC") announced that, on August 19, 2016, the SEC filed a settled civil action in U.S. District Court for the District of Columbia against Michael Andre Jones, alleging that he conducted a...
https://www.securitieslawyer101.com/?p=35726

Sunday, August 28, 2016

Court Enters Final Judgment Against Patrick O'Neill in Insider Trading Case


On August 18, 2016, the federal district court in Massachusetts entered a final judgment against a senior vice president at Eastern Bank Corporation, Patrick O'Neill,  to settle allegations that he engaged in insider trading in the stock of Wainwr...
https://www.securitieslawyer101.com/?p=35723

Saturday, August 27, 2016

Sean Stewart Found Guilty of Insider Trading


On August 17, 2016, a jury in federal court in Manhattan returned a guilty verdict on all nine counts against former investment banker Sean Stewart in a criminal trial prosecuted by the U.S. Attorney's Office for the Southern District of New York. Th...
https://www.securitieslawyer101.com/?p=35714

Friday, August 26, 2016

Stockbroker Paul Rampoldi Charged with Insider Trading


On August 11, 2016 the Securities and Exchange Commission ("SEC") charged stockbroker Paul Rampoldi and his friend with participating in an insider trading scheme to profit in advance of two major announcements out of a pharmaceutical company. The S...
https://www.securitieslawyer101.com/?p=35710

Thursday, August 25, 2016

Global Digital Solutions of West Palm Beach, FL and CEO Charged with Fraud


On August 12, 2016 the Securities and Exchange Commission ("SEC") charged West Palm Beach-based Global Digital Solutions, former chairman and CEO Richard Sullivan, and former CFO David Loppert with defrauding investors by issuing false and misleadin...
https://www.securitieslawyer101.com/?p=35707

Wednesday, August 24, 2016

Sameer and Praveen Sethi Found in Contempt of Court After Injuction


On August 9, 2016, a federal court in Texas entered contempt orders against Sameer Sethi, Praveen Sethi, and John Weber after they violated the court's May 26, 2015 preliminary injunction restraining Sameer Sethi and Sethi Petroleum, LLC from partici...
https://www.securitieslawyer101.com/?p=35699

Tuesday, August 23, 2016

Edwin Ruh Jr. and His Firm Charged for a Fraudulent Securities Offering


On August 10, 2016, the Securities and Exchange Commission ("SEC") filed fraud charges against an individual, Edwin Ruh Jr., and his firm, Pan Asia China Commerce Corp. Inc. ("PAC-3"), in connection with the fraudulent offering of an investment fund ...
https://www.securitieslawyer101.com/?p=35695

Monday, August 22, 2016

Three Officers of Brokerage Firm Global Transition Solutions Charged with Fraud


On August 8, 2016 the Securities and Exchange Commission ("SEC") charged three individuals and the now-defunct firms Global Transition Solutions, Inc. and Global Transition Solutions, LLC (collectively "Global Transition") with fraud for misleading t...
https://www.securitieslawyer101.com/?p=35691

Sunday, August 21, 2016

Investment Advisor Patrick Churchville Pleads Guilty to Running $21 Million Ponzi


On August 4, 2016, Patrick Churchville, a defendant in an ongoing SEC litigation, pled guilty to an information charging him with five counts of wire fraud and one count of tax evasion in connection with orchestrating a $21 million Ponzi scheme and a...
https://www.securitieslawyer101.com/?p=35687

Football Player Merrill Robertson Jr. Charged with Running a $10 Million Fraud


On August 10, 2016 the Securities and Exchange Commission ("SEC") charged Merrill Robertson Jr., a former player for the Philadelphia Eagles, with defrauding investors, including former coaches he knew from his time playing football for the Fork Unio...
https://www.securitieslawyer101.com/0201/merrill-robertson-jr-with-running-a-10-million-fraud/

Saturday, August 20, 2016

Cardiologist Dr. Edward Kosinski Charged with Insider Trading


On August 4, 2016 the Securities and Exchange Commission ("SEC") charged a cardiologist with insider trading on confidential developments as he worked on a clinical drug trial. The SEC alleges that Dr. Edward Kosinski of Weston, Connecticut, trade...
https://www.securitieslawyer101.com/?p=35684

Posted by Brenda Hamilton - Sandy Winick Sentenced


Posted by Brenda Hamilton. On August 17, 2016, Penny Stock Fraudster, Sandy Winick, a  Canadian, was sentenced To 78 Months In prison for masterminding the international fraud scheme.  Winick was sentenced to 78 months in prison following his Ju...
https://www.securitieslawyer101.com/2016/posted-brenda-hamilton-sandy-winick-sentenced/

Friday, August 19, 2016

Three Fraudsters on a Shopping Spree Met with an Asset Freeze


On July 28, 2016 the Securities and Exchange Commission ("SEC") announced an asset freeze it has obtained against three men who aren't registered to sell investments and allegedly went on lavish shopping sprees with more than $5 million raised from...
https://www.securitieslawyer101.com/?p=35630

Tuesday, August 16, 2016

Court Enters Final Judgment Against Kenneth Rampino for Insider Trading


The Securities and Exchange Commission (SEC) announced that the federal district court in Rhode Island has entered a final judgment against Kenneth Rampino, a resident of Seekonk, Massachusetts and a practicing attorney, ordering him to pay approxima...
https://www.securitieslawyer101.com/?p=35663

Monday, August 15, 2016

Court Finds Jeffry and Paul Downey and John Leonard Guilty of Oil and Gas Fraud


On July 25, the Honorable Sam R. Cummings of the United States District Court for the Northern District of Texas granted summary judgment for the SEC on all claims against the father-and-son duo of Paul and Jeffry Downey, and John Leonard, all involv...
https://www.securitieslawyer101.com/?p=35654

Rosalind Herman Sentenced to 7 Years, Ordered to Pay Nearly $2 Million in Restitution


On July 27, 2016, Rosalind Herman, a relief defendant in an ongoing SEC fraud action, was sentenced to seven years in federal prison and ordered to pay $1,819,391 in restitution in a parallel criminal case. Herman and her business partner, Gregg C...
https://www.securitieslawyer101.com/?p=35609

Saturday, August 13, 2016

One-Man Scam Company Traffic Monsoon Charged for International Ponzi Scheme


On July 26, 2016 the Securities and Exchange Commission ("SEC") announced that it obtained an asset freeze against the operator of an international Ponzi scheme that raised more than $207 million from investors worldwide, primarily in the U.S., Ind...
https://www.securitieslawyer101.com/?p=35605

Thursday, August 11, 2016

JNL Oilfield Instruments and Founder Jeffery McCollum Charged with Operating a Ponzi Scheme


The Securities and Exchange Commission ("SEC") announced that it has charged Odessa, Texas-based JNL Oilfield Instruments, LLC and its founder Jeffery McCollum with operating a multi-year Ponzi scheme. According to the SEC's complaint filed in th...
https://www.securitieslawyer101.com/?p=35600

Monday, August 8, 2016

SEC Nails Pot Stock Promoters


On July 9, the Securities & Exchange Commission ("SEC") settled with Alexander Hawatmeh and Christopher Mrowca who allegedly received more than $2.5 million by manipulating penny stock  pot stocks.  According to the proposed judgments file...
https://www.securitieslawyer101.com/?p=35584

FINRA Amends Regulation NMS


The Financial Industry Regulatory Authority  has adopted amendments to its rules related to the operation of the Regulation NMS Plan to Address Extraordinary Volatility following a trading pause or regulatory halt.  FINRA Rule 6121.01 (Resumptio...
https://www.securitieslawyer101.com/2016/finra-amends-regulation-nms/

Court Enters Final Judgment Against Insider Trader Michael Cain


The Securities and Exchange Commission ("SEC") announced that on July 20, 2016, the Honorable Charles Pannell of the United States District Court for the Northern District of Georgia entered a final judgment against Michael Sean Cain. In its compl...
https://www.securitieslawyer101.com/?p=35562

Court Issues Asset Freeze Over James Hugh Brennan and Douglas Albert Dyer in Fraud Case


On July 22, 2016, the Honorable Travis R. McDonough of the Eastern District of Tennessee entered a court-ordered asset freeze to halt an ongoing fraud by two former brokers with disciplinary histories who allegedly raised more than $5 million from in...
https://www.securitieslawyer101.com/?p=35557

SEC Charges Jeffrey Wilson, Former CEO of Imperial Petroleum with Securities Fraud


On July 20, 2016, the SEC charged Jeffrey Wilson, the former CEO of Imperial Petroleum, Inc., and a defendant in a SEC civil enforcement action, with 19 counts of securities fraud and other violations of federal law on July 20 by a jury in a federal...
https://www.securitieslawyer101.com/?p=35552