Securities Lawyer 101 l Brenda Hamilton

Securities Lawyer 101 l Brenda Hamilton

Monday, July 31, 2017

SEC Charges Halliburton Company


On July 27, 2017, the Securities and Exchange Commission ("SEC") charged Halliburton Company with violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA) while selecting and making pa...
https://www.securitieslawyer101.com/?p=36917

Sunday, July 30, 2017

Medicus Homecare Trading Suspension


The U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of Medicus Homecare Inc. (MDCR) commencing at 9:30 a.m. EDT on July 28, 2017 and terminating at 11:59 p.m. EDT on August 10, 2017. The Comm...
https://www.securitieslawyer101.com/?p=36914

Saturday, July 29, 2017

CNK Global Trading Suspension


On July 28, 2017, the U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of CNK Global, Inc. (a/k/a American Life Holding Co., Inc.) (ALFE) commencing at 9:30 a.m. EDT on July 28, 2017, and termi...
https://www.securitieslawyer101.com/?p=36910

Friday, July 28, 2017

John Giunti Charged with Securities Offering Fraud


On July 25, 2017, the Securities and Exchange Commission ("SEC") charged Interactive Media Solutions, LLC and its sole principal John Giunti with perpetuating a securities offering fraud. According to the SEC's complaint, IMS claimed to have devel...
https://www.securitieslawyer101.com/?p=36907

Thursday, July 27, 2017

Joey Dodson Charged with Fraud


On July 26, 2017, the Securities and Exchange Commission ("SEC") announced fraud charges against Joey Dodson, the founder of a collection of businesses known as Citadel Energy, which provided fluid management solutions to the oil and gas industry ...
https://www.securitieslawyer101.com/?p=36904

Wednesday, July 26, 2017

Whistleblower Receives $2.5 Million Reward


On July 25, 2017, the Securities and Exchange Commission ("SEC") announced an award of nearly $2.5 million to an employee of a domestic government agency whose whistleblower tip helped launch an SEC investigation and whose continued assistance enab...
https://www.securitieslawyer101.com/?p=36901

Tuesday, July 25, 2017

Alanah, Ascenergy and Gabaldon Final Judgement


On June 12, 2017, the Securities and Exchange Commission ("SEC") announced that it has obtained a final judgment against Ascenergy LLC, Joseph Gabaldon, and Alanah Energy, LLC. The SEC's complaint alleges that, since at least 2014, Ascenergy and...
https://www.securitieslawyer101.com/?p=36896

Monday, July 24, 2017

SEC Files Second Subpoena Against Andrew Coldicutt


On July 21, 2017, the Securities and Exchange Commission ("SEC") announced that it has filed a subpoena enforcement action against Andrew Coldicutt and the Law Offices of Andrew Coldicutt. According to the SEC's application and supporting papers, ...
https://www.securitieslawyer101.com/?p=36891

Saturday, July 22, 2017

Flowers and Nevett Charged with Fraud


On July 19, 2017, the Securities and Exchange Commission ("SEC") announced fraud charges against Flowers and Nevett, two California men, and a company behind an alleged scheme to manipulate the stock prices of two shell companies. The SEC alleges...
https://www.securitieslawyer101.com/?p=36888

Michael Trahan Charged for Insider Trading


On June 7, 2017, the Securities and Exchange Commission ("SEC") announced fraud charges against Michael Trahan for insider trading in the securities of The Shaw Group, Inc. (Shaw), a Louisiana-based energy construction company, ahead of a public a...
https://www.securitieslawyer101.com/?p=36883

Friday, July 21, 2017

SEC Bars David Lubin


On July 19, 2017, the Securities and Exchange Commission ("SEC") barred David Lubin, a New York-based attorney, from appearing or practicing before it and acting as an officer or director of a public company after finding that he made false and mi...
https://www.securitieslawyer101.com/?p=36879

Thursday, July 20, 2017

Default Judgement on Yu-Cheng Lin Insider Trading Charges


On June 19, 2017, the Securities and Exchange Commission ("SEC") has obtained a default judgment against foreign defendant, Yu-Cheng Lin, charged with insider trading that orders him to pay approximately $7.3 million. The court's final judgment, e...
https://www.securitieslawyer101.com/?p=36876

Wednesday, July 19, 2017

Steven Labriola Receives Final Judgement


On July 14, 2017, the Securities and Exchange Commission ("SEC") announced that it has obtained a final judgment in a fraud case against Steven Labriola, the international sales director of a pyramid scheme targeting Latino communities. The fin...
https://www.securitieslawyer101.com/?p=36872

Tuesday, July 18, 2017

Final Judgements Entered Against LocatePlus Holdings Officers


On June 27, 2017, the Honorable Douglas P. Woodlock of the U.S. District Court for the District of Massachusetts entered final judgments against the former CEO and CFO of LocatePlus Holdings Corp, a Massachusetts-based information technology compan...
https://www.securitieslawyer101.com/?p=36869

Monday, July 17, 2017

SEC Announces Fraud Charges Against Diana Lovera


On July 14, 2017, the Securities and Exchange Commission ("SEC") announced fraud charges against Diana Lovera, the former Chief Operating Officer of a Florida-based penny stock company that falsely claimed to be "the largest publicly traded diversi...
https://www.securitieslawyer101.com/?p=36865

Sunday, July 16, 2017

Judgement Entered Against James Trolice


On June 13, 2017, the Honorable William J. Martini of the United States District Court for the District of New Jersey entered a judgment against defendant James Trolice that imposed permanent injunctions and an officer and director bar. The SEC's ...
https://www.securitieslawyer101.com/?p=36862

Saturday, July 15, 2017

SEC Announces Fraud Charges Against Victory Ho


On July 12, 2017, the Securities and Exchange Commission ("SEC") announced fraud charges against Victory Ho for insider trading in the securities of The Shaw Group, Inc. (Shaw), a Louisiana-based energy construction company, ahead of a public annou...
https://www.securitieslawyer101.com/?p=36859

Friday, July 14, 2017

Charles Banks Charged With Fraud


On July 13, 2017, the Securities and Exchange Commission ("SEC") announced that it has obtained a judgment and industry bar against Charles Banks, an Atlanta-based investment adviser, charged with defrauding a former professional basketball playe...
https://www.securitieslawyer101.com/?p=36855

Thursday, July 13, 2017

Fei Yan Faces Insider Trader Charges


On July 12, 2017, the Securities and Exchange Commission ("SEC") announced insider trading charges against Fei Yan, a research scientist, who allegedly searched the internet for “how sec detect unusual trade” before making a trade that the age...
https://www.securitieslawyer101.com/?p=36851

Wednesday, July 12, 2017

SEC Obtains Final Judgement for Ryan Petersen


On July 5, 2017, the Securities and Exchange Commission ("SEC") announced that it has obtained a final judgment against Ryan Petersen, the former chief executive officer of OCZ Technology Group Inc. whom the SEC charged with an accounting fraud at ...
https://www.securitieslawyer101.com/?p=36847

Tuesday, July 11, 2017

SEC Charges K-T 50 Wells With Fraud


On July 7, 2017, the Securities and Exchange Commission ("SEC") announced charges against K-T 50 Wells, a purported oil well company, its founders, and three salespeople in connection with a $2.4 million offering fraud. The SEC's complaint, filed ...
https://www.securitieslawyer101.com/?p=36844

Monday, July 10, 2017

Judgement Entered Against Edwards


On June 9, 2017, the Honorable Esther Salas of the U.S. District Court for the District of New Jersey entered judgments against Dwayne Edwards, several entities Edwards used to orchestrate his alleged fraud, and relief defendant Sharon Nunamaker. ...
https://www.securitieslawyer101.com/?p=36841

Saturday, July 8, 2017

SEC Announces Michael Randles Administrative Proceedings


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 Securities Exchange ...
https://www.securitieslawyer101.com/?p=36838

Friday, July 7, 2017

Final Judgement on Former InterMune Director and Friend


On June 30, 2017, the Securities and Exchange Commission ("SEC") announced that the Honorable Jacqueline Scott Corley, U.S. Magistrate Judge for the Northern District of California, entered a final judgment as to Sasan Sabrdaran, the former direct...
https://www.securitieslawyer101.com/2017/judgement-intermune-director-friend/

Thursday, July 6, 2017

Cheryl Jones Charged By SEC


On July 3, 2017, the Securities and Exchange Commission ("SEC") announced charges against Cheryl Jones, a Washington, D.C.-based real estate agent and the sister of convicted Ponzi scheme operator Mark Jones, for selling unregistered securities. ...
https://www.securitieslawyer101.com/?p=36829

Wednesday, July 5, 2017

Pilgrim Petroleum CORP Temporary Trading Suspension


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 Pilgrim Petroleum CORP, of Addison, Texas c...
https://www.securitieslawyer101.com/?p=36824

Tuesday, July 4, 2017

Renwick Haddow Charged with Fraud


On June 30, 2017, the Securities and Exchange Commission ("SEC") filed fraud charges against Renwick Haddow, the clandestine founder of a purported Bitcoin platform and a chain of co-working spaces located in former bars and restaurants, alleging ...
https://www.securitieslawyer101.com/?p=36820

Monday, July 3, 2017

SEC Charges Quadrant 4 System Corp


On June 30, 2017, the Securities and Exchange Commission ("SEC") has charged Chicago-area information technology company Quadrant 4 System Corp. (QFOR) and two former top executives in an accounting fraud scheme that misled investors and allowed th...
https://www.securitieslawyer101.com/2017/sec-charges-quadrant-4-system-corp/

Saturday, July 1, 2017

SEC Charged Penn West with Accounting Fraud


On June 28, 2017, the Securities and Exchange Commission ("SEC") charged Penn West Petroleum Ltd., a Canadian-based oil and gas company, and three of its former top finance executives for their roles in an extensive, multi-year accounting fraud. ...
https://www.securitieslawyer101.com/?p=36811