SEC Enforcement Actions – September, 2011

Federal and State Securities and Investment Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq.

The Securities and Exchange Commission periodically announces enforcement actions that have recently been filed by it. Periodically, we review these actions and provide selective information concerning what we feel relate to important issues or matters that have a wide alleged impact on investors.

September, 2011:

Securities and Exchange Commission v. National Stock Transfer, Inc., Kay Berenson-Galster and Roger Greer, Case No. 2:11-CV-00798 (USDC Utah).

SECURITIES AND EXCHANGE COMMISSSION (SEC) FILES CIVIL INJUNCTIVE ACTION AND OBTAINS EMERGENCY RELIEF AGAINST NATIONAL STOCK TRANSFER, INC., KAY BERENSON-GALSTER AND ROGER GREER. Read More.

September, 2011:

The Securities and Exchange Commission recently filed a subpoena enforcement action against Deloitte Touche Tohmatsu CPA Ltd. for failing to produce documents related to the SEC’s investigation into possible fraud by the Shanghai-based public accounting firm’s longtime client Longtop Financial Technologies Limited. Read More.

September, 2011:

Barr Rosenberg:

On or about September 22, 2011, The Securities and Exchange Commission entered an Order Instituting Administrative and Cease and Desist Proceedings, Pursuant To Section 9(b) of the Investment Company Act of 1940, and Sections 203(f) AND 203(k) of the Investment Advisors Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease and Desist Order against Barr M. Rosenberg. Read More.

September, 2011:

SEC Charges Long Island-Based Hedge Fund Manager with Fraud Involving PIPE Transactions.

The Securities and Exchange Commission recently charged a Long Island-based investment adviser with defrauding investors in hedge funds investing in PIPE transactions and misappropriating more than $1 million in client assets for his personal use. Read More.

September, 2011:

Jeffrey L. Larson (CRD #4816797, Registered Representative, Canyon Country, California) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Read More.