Securities Lawyer 101 l Brenda Hamilton

Securities Lawyer 101 l Brenda Hamilton

Sunday, April 30, 2017

FINRA Expels Fox Financial Firm


Fox Financial Management Corporation (CRD® #134277, Carrollton, Texas), Brian Murphy (CRD #4743164, Frisco, Texas) and James Rooney Jr. (CRD #1857754, Carrollton, Texas) were expelled from FINRA® membership and fined $100,000. Murphy was fin...
https://www.securitieslawyer101.com/?p=36519

Saturday, April 29, 2017

FINRA Senior Helpline Celebrates 2nd Anniversary With $4.3 Million


On April 20, 2017, the Financial Industry Regulatory Authority (FINRA) announced that FINRA’s Securities Helpline for Seniors®,  their senior helpline, marked its second anniversary with $4.3 million in voluntary reimbursements to callers since...
https://www.securitieslawyer101.com/?p=36509

FINRA Senior Helpline Celebrates 2nd Anniversary With $4.3 Million


On April 20, 2017, the Financial Industry Regulatory Authority (FINRA) announced that FINRA’s Securities Helpline for Seniors®,  their senior helpline, marked its second anniversary with $4.3 million in voluntary reimbursements to callers since...
https://www.securitieslawyer101.com/?p=36509

FINRA Senior Helpline Celebrates 2nd Anniversary With $4.3 Million


On April 20, 2017, the Financial Industry Regulatory Authority (FINRA) announced that FINRA’s Securities Helpline for Seniors®,  their senior helpline, marked its second anniversary with $4.3 million in voluntary reimbursements to callers since...
https://www.securitieslawyer101.com/?p=36509

Friday, April 28, 2017

SEC Charges Matthew Fox with Securities Fraud


On April 19, 2017, the Securities and Exchange Commission ("SEC") charged Matthew Fox of Plano, Texas and his company, Wayne Energy, LLC, with securities fraud arising from a failed offering of interests in a joint venture formed to rework and re...
https://www.securitieslawyer101.com/?p=36490

SEC Charges Matthew Fox with Securities Fraud


On April 19, 2017, the Securities and Exchange Commission ("SEC") charged Matthew Fox of Plano, Texas and his company, Wayne Energy, LLC, with securities fraud arising from a failed offering of interests in a joint venture formed to rework and re...
https://www.securitieslawyer101.com/?p=36490

Thursday, April 27, 2017

SEC Issues Rule 147 Intrastate Crowdfunding Guidance – Posted by Brenda Hamilton


In October of last year, the Securities and Exchange Commission (“SEC”), adopted final rules (1) amending Rule 147, also known as Intrastate Crowdfunding and Rule 504 under the Securities Act of 1933, as amended (the “Securities Act”),  an...
https://www.securitieslawyer101.com/2017/sec-issues-rule-147-intrastate-crowdfunding-guidance-brenda-hamilton/

SEC Charges Justin Meadlin of Hyaline Capital Management


On April 17, 2017, the Securities and Exchange Commission ("SEC") charged a New York-based investment adviser, Hyaline Capital Management, LLC, and one of its founders, Justin Meadlin, with disseminating false information to prospective investors a...
https://www.securitieslawyer101.com/?p=36493

SEC Charges Justin Meadlin of Hyaline Capital Management


On April 17, 2017, the Securities and Exchange Commission ("SEC") charged a New York-based investment adviser, Hyaline Capital Management, LLC, and one of its founders, Justin Meadlin, with disseminating false information to prospective investors a...
https://www.securitieslawyer101.com/?p=36493

Wednesday, April 26, 2017

NYSE IPO Guide: DMMs and SLPs


One of the most important decisions for a company going public is to choose the right market for listing the company’s shares. This is true for initial public and direct public offerings. The New York Stock Exchange ("NYSE") provides the opportun...
https://www.securitieslawyer101.com/?p=36487

NYSE IPO Guide: DMMs and SLPs


One of the most important decisions for a company going public is to choose the right market for listing the company’s shares. This is true for initial public and direct public offerings. The New York Stock Exchange ("NYSE") provides the opportun...
https://www.securitieslawyer101.com/?p=36487

Tuesday, April 25, 2017

SEC Announces Temporary Trading Suspension of Sunshine Capital


At 9:30 a.m. EDT on April 12, 2017, the Securities and Exchange Commission  announced the temporary suspension of trading in the securities of Sunshine Capital, Inc. (“SCNP”), of Hollywood, Florida, terminating at 11:59 p.m. EDT on April 26, 2...
https://www.securitieslawyer101.com/?p=36483

Monday, April 24, 2017

SEC Announces Temporary Trading Suspension of Bingo Nation


At 9:30 a.m. EDT on April 13, 2017, the Securities and Exchange Commission announced the temporary suspension of trading in the securities of Bingo Nation Inc. , of Las Vegas, Nevada and terminating at 11:59 p.m. EDT on April 27, 2017. The Commiss...
https://www.securitieslawyer101.com/?p=36480

SEC Announces Temporary Trading Suspension of Bingo Nation


At 9:30 a.m. EDT on April 13, 2017, the Securities and Exchange Commission announced the temporary suspension of trading in the securities of Bingo Nation Inc. , of Las Vegas, Nevada and terminating at 11:59 p.m. EDT on April 27, 2017. The Commiss...
https://www.securitieslawyer101.com/?p=36480

Sunday, April 23, 2017

SEC Charges Lucita Zamoras with Operating a Fraudulent Promissory Note Scheme


The SEC's complaint, filed in federal court in the Northern District of Illinois, alleges that Lucita Zamoras solicited investors for a promissory note program and subsequently misappropriated the investors' funds. From at least October 2009 throug...
https://www.securitieslawyer101.com/?p=36465

Judgment Entered in Safety Technologies Unregistered Securities Offering


On April 4, 2017,  a final judgment was entered against Safety Technologies LLC ("Safety Technologies") and Thomas Connerton for defrauding investors by misleading them to invest in a purported glove manufacturing company and then diverting their...
https://www.securitieslawyer101.com/?p=36462

Judgment Entered in Safety Technologies Unregistered Securities Offering


On April 4, 2017,  a final judgment by consent has been entered against Thomas Connerton and Safety Technologies LLC ("Safety Technologies") for defrauding investors by misleading them to invest in a purported glove manufacturing company and then ...
https://www.securitieslawyer101.com/?p=36462

Saturday, April 22, 2017

SEC Charges Michael Shumway with Securities Fraud


On April 8, 2017,  the Securities and Exchange Commission (SEC) announced securities fraud charges against Michael Shumway, a former corporate secretary and treasurer of two Utah water companies for misappropriating and fraudulently selling corpor...
https://www.securitieslawyer101.com/?p=36458

SEC Charges Michael Shumway with Securities Fraud


On April 8, 2017,  the Securities and Exchange Commission (SEC) announced securities fraud charges against Michael Shumway, a former corporate secretary and treasurer of two Utah water companies for misappropriating and fraudulently selling corpor...
https://www.securitieslawyer101.com/?p=36458

Friday, April 21, 2017

SEC Obtains Injunction and Asset Freeze Against Daniel Glick


On April 13, 2017, the Securities and Exchange Commission (SEC) announced a preliminary injunction against Daniel Glick and his unregistered investment advisory firm Financial Management Strategies (FMS), continued the asset freeze in the name of t...
https://www.securitieslawyer101.com/?p=36454

Thursday, April 20, 2017

SEC Charges Ryan Gilbertson for $30 Million Stock Manipulation Scheme


On March 22, 2017, Ryan Gilbertson, a Minnesota man previously accused by the SEC of orchestrating an elaborate scheme to siphon millions of dollars from Dakota Plains Holdings, Inc., was indicted on 13 counts of wire fraud. Also charged in the ind...
https://www.securitieslawyer101.com/?p=36451

Wednesday, April 19, 2017

SEC Charges Lawyers Mustafa Sayid, Norman Reynolds and Paralegal Kevin Jasper in a Stock Manipulation Scheme


On April 12, 2017, the Securities and Exchange Commission (SEC) filed fraud charges against, Mustafa Sayid, a New York City-based securities lawyer for orchestrating taking control of two publicly traded shell companies and rigging them and their s...
https://www.securitieslawyer101.com/?p=36438

Tuesday, April 18, 2017

SEC Acquires Asset Freeze Over 4D Circle


On April 14, 2017, the Securities and Exchange Commission announced charges against two Fort Worth residents and their company, 4D Circle, for defrauding investors in a commercial real estate investment scheme. At the SEC's request, U.S. District J...
https://www.securitieslawyer101.com/?p=36434

Monday, April 17, 2017

SEC Case Against Lionshare Faud Enters Final Default Judgement


On April 14, 2017, a federal court in Boston, Massachusetts, entered a final default judgment in an ongoing SEC enforcement action against Lionshare Ventures, LLC, a Massachusetts-based privately-held corporation that the SEC alleges was a business...
https://www.securitieslawyer101.com/?p=36430

Sunday, April 16, 2017

SEC Files for Stock Promotion Schemes Against 27 Individuals & Entities


On April 10, 2017, the SEC announced enforcement actions against 27 individuals and entities behind various alleged stock promotion schemes that left investors with the impression they were reading independent, unbiased analyses on investing websi...
https://www.securitieslawyer101.com/?p=36424

Saturday, April 15, 2017

Judgment Entered in Safety Technologies Unregistered Securities Offering


On April 4, 2017,  a final judgment was entered against Safety Technologies LLC ("Safety Technologies") and Thomas Connerton for defrauding investors by misleading them to invest in a purported glove manufacturing company and then diverting their...
https://www.securitieslawyer101.com/2017/safety-technologies-unregistered-securities/

SEC Charges Traders For Insider Trading


On April 14, 2017, the Securities and Exchange Commission announced an emergency court order to freeze assets in two brokerage accounts used last week to reap more than $1 million in alleged insider trading profits in connection with a merger announ...
https://www.securitieslawyer101.com/2017/sec-charges-traders-insider-trading/

Monday, April 3, 2017

What SEC Disclosure Is Required By Section 17(b) For Investor Relations Firms?


We are often contacted by investors, stock promoters and investor relations firms about the disclosures that must be provided in promotional websites, emails and other investor relations materials. Section 17(b) of the Securities Act of 1933 requi...
https://www.securitieslawyer101.com/?p=19758

What Disclosure Is Required By Section 17(b) For Investor Relations Firms?


We are often contacted by investors, stock promoters and investor relations firms after the SEC or DOJ brings an action against stock promoters.  We are asked a myriad of questions about the disclosures that must be provided in promotional websites,...
https://www.securitieslawyer101.com/?p=19758