Securities Lawyer 101 l Brenda Hamilton

Securities Lawyer 101 l Brenda Hamilton

Saturday, October 29, 2016

Marcus Luna and Norell Walker Charged in Penny Stock Scam


On September 30, 2016 the Securities and Exchange Commission ("SEC") charged an attorney and three others in California with defrauding investors out of $13.6 million in a penny stock pump-and-dump scheme. The SEC alleges that Marcus Luna and Nore...
https://www.securitieslawyer101.com/?p=35959

Friday, October 28, 2016

Cannabis Company Infinex Ventures and CEO Ronald Salem Charged with Fraud


On September 30, 2016, the Securities and Exchange Commission ("SEC") filed fraud charges against cannabis company Infinex Ventures, Inc. and its CEO Ronald Salem. According to the SEC's complaint filed in the U.S. District Court for the Distric...
https://www.securitieslawyer101.com/?p=35954

Cannabis Company Infinex Ventures and CEO Ronald Salem Charged with Fraud


On September 30, 2016, the Securities and Exchange Commission ("SEC") filed fraud charges against cannabis company Infinex Ventures, Inc. and its CEO Ronald Salem. According to the SEC's complaint filed in the U.S. District Court for the Distric...
https://www.securitieslawyer101.com/?p=35954

SEC Expands Rule 504 of Regulation D & Rule 147


On October 26, 2016, the Securities and Exchange Commission (the "SEC") adopted final rules that amend Rule 504 of Regulation D and Rule 147. According to the SEC, these new rules modernize how companies can raise money to fund their businesses t...
https://www.securitieslawyer101.com/2016/sec-expands-rule-504-regulation-d-rule-147/

Thursday, October 27, 2016

Former CEO of Gerova Financial Gary Hirst Charged with Securities Fraud


    On September 28, 2016, a federal court jury in New York, New York convicted Gary Hirst, the former CEO and President of Gerova Financial Group Ltd., of securities fraud, wire fraud and conspiracy charges. The criminal action was p...
https://www.securitieslawyer101.com/?p=35952

Wednesday, October 26, 2016

Aegis Oil and President Patrick Beason Charged with Oil and Gas Fraud


On September 29, 2016, the Securities and Exchange Commission ("SEC") charged Aegis Oil, LLC and its President and CEO Patrick Reagan Beason with defrauding investors in oil and gas projects managed by Aegis. According to the SEC's complaint file...
https://www.securitieslawyer101.com/?p=35950

Tuesday, October 25, 2016

Nicholas Savva Charged with Defrauding Investors in His Hedge Fund


The Securities and Exchange Commission ("SEC") announced settled charges against Nicholas Savva, a New York City resident, with defrauding 12 investors in connection with his hedge fund, Five Star Capital Fund, LP. In a complaint filed in the U.S...
https://www.securitieslawyer101.com/?p=35944

Monday, October 24, 2016

Robert Gadimian Charged with Insider Trading


The Securities and Exchange Commission ("SEC") today charged the former senior director of regulatory affairs for Puma Biotechnology with insider trading ahead of the company's news announcements about a drug to treat breast cancer. The SEC allege...
https://www.securitieslawyer101.com/?p=35946

Nicholas Savva Charged with Defrauding Investors in His Hedge Fund


The Securities and Exchange Commission ("SEC") announced settled charges against Nicholas Savva, a New York City resident, with defrauding 12 investors in connection with his hedge fund, Five Star Capital Fund, LP. In a complaint filed in the U.S...
https://www.securitieslawyer101.com/?p=35944

Sunday, October 23, 2016

SEC Charges Former Stockbroker Peter Kohli with Fraud and Orders an Asset Freeze


On September 28, 2016 the Securities and Exchange Commission ("SEC") announced charges and an emergency asset freeze against former stockbroker Peter Kohli for defrauding investors in his failing mutual fund business. The SEC's complaint, filed ...
https://www.securitieslawyer101.com/?p=35942

Saturday, October 22, 2016

SEC Charges CEO Craig Sizer of Microcap Company with Fraud


On September 26, 2016 the Securities and Exchange Commission ("SEC") charged a former microcap company CEO and a boiler room operator with defrauding seniors and others who were pressured to invest in a pair of penny stock companies and promised lucr...
https://www.securitieslawyer101.com/?p=35938

Friday, October 21, 2016

Former IT Executive Charged in Computer Sciences Corporation Fraud Scheme


The Securities and Exchange Commission ("SEC") announced on September 27, 2016 that a former IT executive at the Commonwealth Bank of Australia (CBA) has agreed to settle charges that he participated in a scheme to defraud Computer Sciences Corporat...
https://www.securitieslawyer101.com/?p=35932

Wednesday, October 19, 2016

The Regulation A+ Offering Process – Going Public Attorneys


On June 19, 2015, Regulation A+ became effective. The new rules which were promulgated under the Jumpstart Our Business Startups Act (JOBS Act), create two Tiers of exempt offerings, both of which allow securities to be offered and sold to the gen...
https://www.securitieslawyer101.com/2016/the-regulation-a-offering-process-going-public-attorneys/

Tuesday, October 18, 2016

Owners of North Star Finance LLC Charged with Fraud


On September 21, 2016, North Star Finance LLC, G. Thomas Ellis, and Yasuo Oda entered consents to settle the SEC's charges against them. Without admitting or denying the allegations in the SEC's complaint, North Star, Ellis, and Oda consented to a...
https://www.securitieslawyer101.com/?p=35924