Securities Lawyer 101 l Brenda Hamilton

Securities Lawyer 101 l Brenda Hamilton

Thursday, August 31, 2017

Lek Securities Motion to Dismiss Denied


On August 25, 2017, the Honorable Denise L. Cote of the U.S. District Court for the Southern District of New York denied a motion by Lek Securities Corporation and its Chief Executive Officer, Samuel Lek, to dismiss the SEC's claims in an ongoing m...
https://www.securitieslawyer101.com/?p=36971

Wednesday, August 30, 2017

Deerfield Management Company Agrees to Settle Charges


On Aug. 21, 2017, the Securities and Exchange Commission ("SEC") announced that hedge fund advisory firm Deerfield Management Company L.P. has agreed to pay more than $4.6 million to settle charges that it failed to establish, maintain, and enfor...
https://www.securitieslawyer101.com/?p=36968

Tuesday, August 29, 2017

Jeremy Drake Charged With Fraud


On Aug. 22, 2017, the Securities and Exchange Commission ("SEC") charged investment adviser Jeremy Drake with defrauding two clients, a high profile professional athlete and the athlete’s wife, by deceiving them about the investment advisory fee...
https://www.securitieslawyer101.com/?p=36963

Monday, August 28, 2017

Beaumont Financing Authority Settles Charges


On Aug. 23, 2017, the Securities and Exchange Commission ("SEC") announced that Beaumont Financing Authority, a municipal financing authority in Beaumont, California, and its then-executive director have agreed to settle charges that they made fal...
https://www.securitieslawyer101.com/?p=36958

Tuesday, August 22, 2017

Adesh Tyagi Receives Final Judgement


On August 21, 2017, the Securities and Exchange Commission ("SEC") has obtained a final judgment against Adesh Tyagi, the former CEO of a penny stock company charged with making false claims in press releases and engaging in manipulative trading ...
https://www.securitieslawyer101.com/?p=36955

Monday, August 21, 2017

Vergeous LLC, et al. Charged with Offering Fraud


On August 16, 2017, the Securities and Exchange Commission ("SEC") announced that Vergeous LLC and Dream Team Partners LLC, two Florida-based video game development companies, and their principal have agreed to pay approximately $293,000 for misl...
https://www.securitieslawyer101.com/?p=36950

Sunday, August 20, 2017

Banca IMI Securities to Pay $35 Million


On Aug. 18, 2017, the Securities and Exchange Commission ("SEC") announced that broker Banca IMI Securities Corp, an indirect, wholly-owned U.S. subsidiary of Italian bank Intesa Sanpaolo SpA, has agreed to pay more than $35 million to settle char...
https://www.securitieslawyer101.com/?p=36947

Saturday, August 19, 2017

Daniel Rivas Center of Insider Trading Scheme


On August 16, 2017, the Securities and Exchange Commission ("SEC") announced insider trading charges against seven individuals, Daniel Rivas being one, who generated millions in profits by trading on confidential information about dozens of impend...
https://www.securitieslawyer101.com/?p=36944

Friday, August 18, 2017

KPMG Charged with Audit Failures


On Aug. 15, 2017, the Securities and Exchange Commission ("SEC") announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in inves...
https://www.securitieslawyer101.com/?p=36940

Thursday, August 17, 2017

DiMaria and Gamsey Receive Final Judgements


On August 16, 2017, the Securities and Exchange Commission ("SEC") announced that it has obtained final judgments against DiMaria and Gamsey, two former executives of Bankrate Inc. In September 2015, the SEC charged the two executives, Edward DiM...
https://www.securitieslawyer101.com/?p=36937

Tuesday, August 15, 2017

Final Judgement Obtained Against Louis Martin Blazer III


On August 10, 2017, the Securities and Exchange Commission ("SEC") announced that it has obtained a final judgment against Louis Martin Blazer III,  a Pittsburgh, Pa.-based financial adviser, accused of taking money without permission from the ac...
https://www.securitieslawyer101.com/?p=36934

Monday, August 7, 2017

Thrift Savings Plan Used In Fraud Case


On July 31, 2017, the Securities and Exchange Commission ("SEC") charged four former Atlanta-area brokers with fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan (TSP) retirement accounts into high...
https://www.securitieslawyer101.com/?p=36931

Thursday, August 3, 2017

Charges Announced Against John Thomas Financial


On August 2, 2017, the Securities and Exchange Commission ("SEC") announced fraud and other charges against two individuals and John Thomas Financial, a related company, for their roles in a manipulative trading scheme involving Liberty Silver Corp...
https://www.securitieslawyer101.com/?p=36926

Wednesday, August 2, 2017

Final Judgement Obtained Against Andrew Farmer


On July 24, 2017, the U.S. Securities and Exchange Commission ("SEC") announced that it has obtained a final judgment against Andrew Farmer, whom the SEC charged with orchestrating a pump-and-dump scheme involving a company that purportedly deve...
https://www.securitieslawyer101.com/?p=36923

Tuesday, August 1, 2017

Final Judgement Against Stephen Ferrone


On July 31, 2017, the Securities and Exchange Commission ("SEC") announced that on July 28, 2017, an Illinois federal court entered a final judgment against Defendant Stephen Ferrone following an April 2016 jury verdict in the Commission's favor. T...
https://www.securitieslawyer101.com/?p=36920