Securities Lawyer 101 l Brenda Hamilton

Securities Lawyer 101 l Brenda Hamilton

Friday, June 30, 2017

Ibex Trading Temporarily Suspended


On June 26, 2017, the Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading in the securities of Ibex Advanced M...
https://www.securitieslawyer101.com/?p=36805

Thursday, June 29, 2017

Former Ariad Employees Charged with Insider Trading


One June 27, 2017, the Securities and Exchange Commission ("SEC") announced insider trading charges against two former senior employees and the spouse of a former employee of Ariad Pharmaceuticals, Inc., a company based in Cambridge, Massachusetts...
https://www.securitieslawyer101.com/?p=36802

Wednesday, June 28, 2017

Form S-1 Registration Statement Quiet Period


The Securities & Exchange Commission and the federal securities laws do not define the term "quiet period," which is also referred to as the "waiting period." However, a quiet period extends from the time a company files a registration statemen...
https://www.securitieslawyer101.com/?p=36796

Tuesday, June 27, 2017

SEC Announces Additional Charges Against Anthony Portelli


On June 22, 2017, the Securities and Exchange Commission ("SEC") announced additional charges in an enforcement investigation involving Anthony Portelli, a Wall Street firm’s securities lending desk, and the improper handling of American Deposit...
https://www.securitieslawyer101.com/?p=36795

Monday, June 26, 2017

Pazoo, Inc. Used in Artificial Inflation Scheme


On June 21, 2017, the Securities and Exchange Commission ("SEC") charged a New Jersey-based group of stock promoters with fraud involving the manipulation and artificial inflation of the share price of a microcap company, Pazoo, Inc. The scheme gr...
https://www.securitieslawyer101.com/?p=36790

Friday, June 23, 2017

Seyed Taher Kameli Charged for Defrauding Investors


On June 22, 2017, the Securities and Exchange Commission ("SEC") charged Seyed Taher Kameli, a Chicago-based immigration attorney, with defrauding investors participating in the EB-5 immigrant investor program by improperly commingling and misusin...
https://www.securitieslawyer101.com/?p=36787

Thursday, June 22, 2017

SEC Charges Arista's CEO and Attorney


On June 20, 2017, the Securities and Exchange Commission ("SEC") announced charges involving a scheme to disguise the nature of Arista, a public company's financing amid financial difficulties, and a corresponding manipulation of the price of the c...
https://www.securitieslawyer101.com/?p=36784

Wednesday, June 21, 2017

Mark Northrop Barred by the SEC


On June 19, 2017, the Securities and Exchange Commission (“Commission”) deemed it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 203(f) of the Investment Advise...
https://www.securitieslawyer101.com/?p=36781

Tuesday, June 20, 2017

SEC Takes Action Against Ann Hiskey


  On June 19, 2017, the Securities and Exchange Commission (“Commission”) deemed it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securiti...
https://www.securitieslawyer101.com/?p=36776

Monday, June 19, 2017

SEC Charges CannaVEST Corp. with Fraud


On June 16, 2017, the Securities and Exchange Commission ("SEC") filed fraud charges against CannaVEST Corp., a Las Vegas-based hemp oil company, and its CEO for inflating the company's assets on its balance sheet. The SEC complaint filed in f...
https://www.securitieslawyer101.com/?p=36773

Friday, June 16, 2017

Antonio Katz Pleads Guilty to Criminal Charges


On June 1, 2017, Antonio Katz, a defendant in ongoing SEC litigation, pled guilty to criminal charges filed by the U.S. Attorney for the District of Massachusetts. Antonio Katz was charged with one count of conspiracy and one count of securities ...
https://www.securitieslawyer101.com/?p=36768

Thursday, June 15, 2017

SEC Adopts JOBS Act Amendments


  On April 5, 2017, the Securities and Exchange Commission ("SEC") announced that it has adopted JOBS Act amendments to increase the amount of money companies can raise through crowdfunding to adjust for inflation.  It also approved amendme...
https://www.securitieslawyer101.com/?p=36765

Wednesday, June 14, 2017

Can-Cal & SkyStar Temporarily Suspended


The U.S. Securities and Exchange Commission (“Commission”) announced the temporary suspension of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on June 9, 2017 and terminating at 11:59 p.m. EDT on June 22, 201...
https://www.securitieslawyer101.com/?p=36760

Tuesday, June 13, 2017

David Fuselier Charged for Fraudulent Scheme


On June 6, 2017, the Securities and Exchange Commission ("SEC") charged David Fuselier, a chief executive officer, with perpetrating a fraudulent scheme to create the false appearance of improvement in the financial statements of two publicly tra...
https://www.securitieslawyer101.com/?p=36755

Monday, June 12, 2017

Marc Broidy & Broidy Wealth Advisors Receive Final Judgement


On May 30, 2017, the Honorable Eric N. Vitaliano of the United States District Court for the Eastern District of New York entered a final consent judgment against defendants Marc Broidy and Broidy Wealth Advisors, LLC ("BWA"), enjoining them from v...
https://www.securitieslawyer101.com/?p=36750

Sunday, June 11, 2017

Final Judgement Against GAW Miners and ZenMiner


On June 2, 2017, the U.S. District Court for the District of Connecticut entered a final default judgment against two Connecticut-based companies, GAW Miners, LLC and ZenMiner, LLC, in a case alleging that these companies and their principal conduc...
https://www.securitieslawyer101.com/?p=36747

Saturday, June 10, 2017

SEC Charges iPayment Executives with Fraud


On March 10, 2017, the Securities and Exchange Commission ("SEC") charged two former iPayment executives, a credit card processing company, with masterminding a fraudulent scheme to steal millions of dollars through phony expense reimbursements, i...
https://www.securitieslawyer101.com/?p=36744

Friday, June 9, 2017

Nima Hedayati Charged With Insider Trading


On March 14, 2017, the Securities and Exchange Commission ("SEC") announced that Nima Hedayati, an auditor based in the Silicon Valley, has agreed to settle charges that he traded on inside information about a client on the verge of a merger. ...
https://www.securitieslawyer101.com/?p=36741

Thursday, June 8, 2017

Alpine Securities Fails to Comply to Anti-Money Laundering Law


On June 5, 2017, the Securities and Exchange Commission ("SEC") charged Alpine Securities Corporation, a Salt Lake City-based brokerage firm, with securities law violations related to its alleged practice of clearing transactions for microcap stoc...
https://www.securitieslawyer101.com/?p=36738

Wednesday, June 7, 2017

Larry Holley Charged with Fraud


On March 30, 2017, the Securities and Exchange Commission ("SEC") announced fraud charges and an emergency asset freeze obtained against Larry Holley, a Michigan-based pastor, accused of exploiting church members, retirees, and laid-off auto worke...
https://www.securitieslawyer101.com/?p=36733

Tuesday, June 6, 2017

LottoNet Accused of Conducting Boiler Room Scheme


On March 27, 2017, the Securities and Exchange Commission ("SEC") announced charges against LottoNet Operating Corp., a Florida-based company, its CEO, and its top sales agent accused of conducting a boiler room scheme that solicits investments in...
https://www.securitieslawyer101.com/?p=36730

Monday, June 5, 2017

Lawson Financial Corporation Settles Fraud Charges


On April 5, 2017, the Securities and Exchange Commission ("SEC") announced that Lawson Financial Corporation, an Arizona-based brokerage firm, its CEO, and its former underwriter’s counsel have agreed to settle charges related to municipal bond ...
https://www.securitieslawyer101.com/?p=36726

Friday, June 2, 2017

John Bocchino Barred by FINRA


On June 1, 2017, the Financial Industry Regulatory Authority ("FINRA") announced that it has barred former Morgan Stanley Smith Barney registered representative John Bocchino for concealing approximately $190 million in Venezuelan bond trades from ...
https://www.securitieslawyer101.com/?p=36723

Thursday, June 1, 2017

Medbox Charged by the SEC


On March 9, 2017, the Securities and Exchange Commission ("SEC") charged Medbox, a California-based company, and its founder with falsely touting “record” revenue numbers to investors and claiming to be a leader in the marijuana industry while...
https://www.securitieslawyer101.com/?p=36720