The below referenced FINRA Enforcement Action provides examples of what would constitute a negligent misrepresentations and omissions in any offering. In this particular circumstance, it related to the offering of notes of the parent company of WestPark Capital. WestPark Capital, Inc. (CRD #39914, Los Angeles, California) and Richard Alyn Rappaport…
The Securities and Exchange Commission recently announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against two individuals and two companies they control in connection with an alleged $6 million Ponzi scheme that defrauded at least 55 investors, many of whom are…
Recently, the Securities and Exchange Commission charged a South Florida attorney with aiding and abetting, through the issuance of fraudulent opinion letters, a previously-charged $322 million fraud allegedly perpetrated by a now bankrupt Florida-based cash advance company, 1 Global Capital LLC, its former CEO, and its former CFO on 3,600…
SEC Charges Two Kentucky Men in Oil-And-Gas Offering Fraud SEC v. Scott Stacy Phelps and James Michael Harper, United States District Court for the Western District of Kentucky (Bowling Green), Case No. 1:18-cv-122 On August 30, 2018, the Securities and Exchange Commission charged two Bowling Green, Kentucky-area men with defrauding…
Securities and Exchange Commission v. Rudden, et al., No. 18-cv-01842 (D. Colo. filed July 19, 2018) The Securities and Exchange Commission recently announced the unsealing of fraud charges against a group of companies and their principal who allegedly bilked at least 150 investors in a $55 million Ponzi scheme. The…
Securities and Exchange Commission v. John C. Maccoll, No. 2:18-cv-12473-SFC-DRG (E.D. Michigan filed August 9, 2018) The Securities and Exchange Commission recently charged a former registered representative with defrauding his brokerage customers out of nearly $4 million in a long-running investment scam. According to the SEC’s complaint, John C. Maccoll,…
The Securities and Exchange Commission recently announced fraud charges against a Ukraine-based trading firm accused of manipulating the U.S. markets hundreds of thousands of times and the New York-based brokerage firm and CEO who allegedly helped make it possible. The SEC’s complaint alleges that Avalon FA Ltd touted itself to traders…
Richard G. Cody – South Florida, including Boca Raton, Boynton Beach, Lake Worth and West Palm Beach, Elder Financial Abuse and Breach of Fiduciary Duty Litigation and Arbitration Attorney Russell L. Forkey, Esq. Securities and Exchange Commission v. Richard G. Cody, et al., Civil Action No. 16-cv-12510-FDS (D. Mass., filed…
Ross McLellan – South Florida Unauthorized and Fraudulent Mark-Up FINRA Arbitration and Litigation Attorney Securities and Exchange Commission v. Ross McLellan, Civil Action No. 16-cv-10874 (D. Mass. filed May 13, 2016) SEC Charges Former Executive of Massachusetts-Based State Street Corporation with Defrauding Investors The Securities and Exchange Commission recently announced fraud…
Gregory Jones – South Florida Fraudulent Offering Documents Litigation and Arbitration Attorney Securities and Exchange Commission v. Gregory G. Jones., Civil Action No. 4:15-CV-438-A (NDTX) Court Orders Nearly $2 Million Judgment from Attorney Who Defrauded Investors The Securities and Exchange Commission recently announced that a federal court has ordered a…