SEC Charges Eldrick Woodley with Embezzlement of Client Funds

Going Public LawyerThe Securities and Exchange Commission (SEC) on September 22, 1015, filed fraud charges against Eldrick Woodley, a Houston-based investment advisor, for the embezzlement of more than $147,000 in client capital. According to the SEC s complaint, filed in the U.S. District Court for the Southern District of Texas, Houston Division, Woodley, doing business as the advisory firm Woodley & Co. Wealth Strategies, undertook... Read MoreGoing Public Lawyer
https://www.securitieslawyer101.com/2015/sec-charges-eldrick-woodley-with-embezzlement-of-client-funds/

SEC Charges Hitachi, LTD. With Violation of FCPA

Going Public LawyerThe Securities and Exchange Commission (SEC) on September 28, 2015 charged Tokyo-based conglomerate Hitachi, Ltd. with violating the Foreign Corrupt Practices Act (FCPA) when it falsified documents regarding payments to South Africa s ruling political party connected with contracts to construct two multi-billion dollar power plants. Hitachi has agreed to pay $19 million to settle the SEC charges. The SEC alleges that... Read MoreGoing Public Lawyer
https://www.securitieslawyer101.com/2015/sec-charges-hitachi-ltd-with-violaion-of-fcpa/

SEC Charges Trinity Capital Corporation with Fraud

The Securities and Exchange Commission (SEC) announced on September 28, 2015 that Trinity Capital Corporation and its wholly-owned subsidiary, Los Alamos National Bank, have agreed to pay $1.5 million to settle accounting fraud charges. An SEC inv...
https://www.securitieslawyer101.com/?p=32145

SEC Files Charges Against Ralph Pirtle and Morando Berrettini for Insider Trading

Going Public LawyerThe Securities and Exchange Commission (SEC) announced on September 25, 2015 that on September 24, 2015, a jury in federal district court in Chicago, Illinois, returned a verdict finding Ralph J. Pirtle and Morando Berrettini responsible for insider trading in the stocks of three companies: Lifeline Systems, Inc., Invacare, Inc., and Intermagnetics Corporation. The SEC’s first amended complaint, which was... Read MoreGoing Public Lawyer
https://www.securitieslawyer101.com/2015/sec-charges-ralph-pirtle-with-insider-trading/

SEC Charges GenAudio and CEO With Fraudulent Stock Offerings

Going Public Lawyer
https://www.securitieslawyer101.com/2015/sec-charges-genaudio-ceo-with-fraudulent-stock-offerings/

SEC Charges Six in Securities Fraud Scheme

Going Public LawyerOn September 24, 2015 the Securities and Exchange Commission (SEC) charged six men, including a father and three sons, with securities fraud associated with Gerova Financial Group Ltd., whose shares once traded on the New York Stock Exchange. In a parallel action, the U.S. Attorney’s Office for the Southern District of New York announced criminal charges against the six: Jason Galanis, his... Read MoreGoing Public Lawyer
https://www.securitieslawyer101.com/2015/sec-charges-six-in-securities-fraud-scheme/

SEC Files Charges Against Ralph Pirtle and Morando Berrettini for Insider Trading

The Securities and Exchange Commission (SEC) announced on September 25, 2015 that on September 24, 2015, a jury in federal district court in Chicago, Illinois, returned a verdict finding Ralph J. Pirtle and Morando Berrettini responsible for insider ...
https://www.securitieslawyer101.com/?p=32130

Promised Riches In $32 Million Amber Mining Pyramid Scheme, Halted By The SEC

Going Public LawyerOn October 1, 2015, the Securities and Exchange Commission (“SEC”) announced it had frozen the assets and filed charges for fraud, against the operator of a worldwide pyramid scheme falsely promising investors that they would profit from a venture allegedly backed by the company’s enormous amber holdings. The SEC’s complaint, filed in federal court in Los Angeles, stated that California resident... Read MoreGoing Public Lawyer
https://www.securitieslawyer101.com/2015/promised-riches-in-32-million-amber-mining-pyramid-scheme-halted-by-the-sec/

FINRA Expels Halcyon Cabot Partners

The Financial Industry Regulatory Authority (FINRA) announced today that it has expelled Halcyon Cabot Partners, Ltd., and barred Chief Executive Officer Michael Morris and Chief Compliance Officer Ronald Heineman from the securities industry, fo...
https://www.securitieslawyer101.com/2015/finra-expels-halcyon-cabot-partners/

SEC Files Settled Aiding and Abetting Charges Against Joseph Apuzzo

Going Public LawyerOn September 8, 2015, Judge Alvin Thompson of the U.S. District Court for the District of Connecticut entered a judgment against Joseph Apuzzo, former Chief Financial Officer of Terex Corporation. Apuzzo consented, without admitting or denying the allegations in the SEC s complaint, to be permanently enjoined from violation of Sections 10(b) and 13(b)(5) of the Securities and Exchange Act of... Read MoreGoing Public Lawyer
https://www.securitieslawyer101.com/2015/sec-files-settled-aiding-and-abetting-charges-against-joseph-apuzzo/

Anthony Knight Barred, Enjoined, and Fined for Unregistered Securities

Going Public LawyerOn Thursday, September 3, 2015, United States District Court Judge Denis R. Hurley of the United States District Court for the Eastern District of New York issued an order and judgment imposing relief against Defendant Anthony Knight, the former Chairman of failed Long Island-based internet startup, iShopNoMarkup.com, Inc. Judge Hurley ordered Knight to pay $2.3 million in disgorgement, over $2.5... Read MoreGoing Public Lawyer
https://www.securitieslawyer101.com/2015/anthony-knight-barred-enjoined-fined-for-unregistered-securities/

SEC Files Settled Aiding and Abetting Charges Against Joseph Apuzzo

On September 8, 2015, Judge Alvin Thompson of the U.S. District Court for the District of Connecticut entered a judgment against Joseph Apuzzo, former Chief Financial Officer of Terex Corporation. Apuzzo consented, without admitting or denying the al...
https://www.securitieslawyer101.com/?p=32108

SEC Files Settled Aiding and Abetting Charges Against Joseph Apuzzo

On September 8, 2015, Judge Alvin Thompson of the U.S. District Court for the District of Connecticut entered a judgment against Joseph Apuzzo, former Chief Financial Officer of Terex Corporation. Apuzzo consented, without admitting or denying the al...
https://www.securitieslawyer101.com/?p=32108

Former Officers of SMF Energy Corp. Charged by the SEC with Fraud

Going Public LawyerThe Securities and Exchange Commission (SEC) on September 25, 2015, announced financial fraud charges against four former SMF Energy Corp. officers, claiming that former CEO Richard E. Gathright, former chief financial officer Michael S. Shore, former chief accounting officer Laura P. Messenbaugh, and former senior vice president of sales and investor relations officer Robert W. Beard vastly inflated SMF s revenues... Read MoreGoing Public Lawyer
https://www.securitieslawyer101.com/2015/former-officers-of-smf-energy-corp-charged-by-the-sec-with-fraud/

Former Officers of SMF Energy Corp. Charged by the SEC with Fraud

The Securities and Exchange Commission (SEC) on September 25, 2015, announced financial fraud charges against four former SMF Energy Corp. officers, claiming that former CEO Richard E. Gathright, former chief financial officer Michael S. Shore, forme...
https://www.securitieslawyer101.com/?p=32102

SEC Charges Six in Securities Fraud Scheme

On September 24, 2015 the Securities and Exchange Commission (SEC) charged six men, including a father and three sons, with securities fraud associated with Gerova Financial Group Ltd., whose shares once traded on the New York Stock Exchange. In...
https://www.securitieslawyer101.com/?p=32019

Consultant Charged With Insider Trading

Going Public LawyerOn September 23, 2015, the Securities and Exchange Commission (SEC) charged a consultant and his friend with insider trading in the options of P.F. Chang s China Bistro based on nonpublic information about an impending acquisition offer. The SEC claims that Richard G. Condon, a consultant to Panda Restaurant Group, tipped Jonathan Ross with confidential details about the bidding process for... Read MoreGoing Public Lawyer
https://www.securitieslawyer101.com/2015/consultant-charged-with-insider-trading/

Former Fannie Mae Executives Resolve Subprime and Reduced Documentation Disclosure Case with SEC

Going Public LawyerThe Securities and Exchange Commission (SEC) announced on September 22, 2015 that the Honorable Paul A. Crotty of the United States District Court for the Southern District of New York has entered an Order approving a stipulation and agreement between the SEC and defendants Enrico Dallavecchia, the former Chief Risk Officer of Fannie Mae, and Thomas Lund, Fannie Mae s former... Read MoreGoing Public Lawyer
https://www.securitieslawyer101.com/2015/former-fannie-mae-executives-resolve-subprime-and-reduced-documentation-disclosure-case-with-sec/

SEC Announces New Resource – Going Public Attorneys

Going Public LawyerPosted By the Going Public Attorneys On September 24, 2015, the Securities & Exchange Commission (SEC) announced a new resource on its website that is designed to enhance transparency by providing information about the SEC proposals and rulemaking in a single location. The SEC’s new online resource will streamline information making it easier for investors and market participants to follow specific... Read MoreGoing Public Lawyer
https://www.securitieslawyer101.com/2015/sec-announces-resource-going-public-attorneys/

SEC v. Two Men Who Defrauded Investors

Going Public LawyerOn September 21, 2015 the Securities and Exchange Commission (SEC) charged two men behind a scheme that defrauded investors in YaFarm Technologies Inc., a company that purported to provide stem cell therapy. The SEC s complaint filed in federal court in Boston charged Frank Morelli III, of Florence, Colorado, and Louis Buonocore, of Woburn, Massachusetts, for their roles in the alleged... Read MoreGoing Public Lawyer
https://www.securitieslawyer101.com/2015/sec-v-two-men-who-defrauded-investors/