Articles Posted in Fraud and Misrepresentation

In the Matter of Andre J. Hayden On October 15, 2012, the Securities and Exchange Commission (Commission) issued an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings and Imposing Remedial Sanctions (Order) against Andre J. Hayden. The Order finds that Hayden acted as an unregistered broker,…

In the Matter of Scott E. Johnson On October 15, 2012, the Securities and Exchange Commission (Commission) issued an Order Instituting Administrative Proceedings Pursuant to Section 203(f) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions (Order) against Scott E. Johnson (Johnson). In the Order, the Division of Enforcement found that…

In the Matter of Stephen B. Blankenship October, 2012: The United States Securities and Exchange Commission (Commission) recently announced the issuance of an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Section 203(f) of the Investment Advisers Act of 1940, Making Findings and Imposing Remedial Sanctions (Order)…

SEC Charges Four Brokers With Defrauding Customers in $18.7 Million Scheme: October, 2012: The Securities and Exchange Commission recently charged four brokers who formerly worked on the cash desk at a New York-based broker-dealer with illegally overcharging customers $18.7 million by using hidden markups and markdowns and secretly keeping portions of profitable customer trades. The…

SEC Charges Repeat Violator in South Florida With Fraudulently Offering Investments Tied to Oil Drilling Projects October, 2012: The Securities and Exchange Commission recently announced that it has obtained an emergency court order to freeze the assets of a South Florida man who has been charged with fraudulently offering investments in oil drilling projects. The…

In the Matter of Angelica Aguilera: August, 2012: Recently, the Securities and Exchange Commission announced the issuance of an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Order) against Angelica Aguilera. The Division of Enforcement (Division) alleges that Aguilera, former President of LatAm Investments, LLC, failed reasonably to…

Commission Charges Brokers for Defrauding Brazilian Public Pension Funds in Markup Scheme August, 2012: The Commission today filed a civil fraud action in the United States District Court for the Southern District of Florida against two former brokers in Miami for overcharging customers approximately $36 million by using hidden markup fees on structured note transactions.…

In The Matter Of Steven Yamashiro: September, 2012: The Securities and Exchange Commission recently announced the issuance of an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Section 203(f) of the Investment Advisers Act of 1940, Making Findings and Imposing Remedial Sanctions (Order) against Steven Boyle Yamashiro…

In the Matter of Jason A. D’Amato September, 2012: The Securities and Exchange Commission recently announced the issuance of an Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Sections 203(f) and 203(k) of the Investment Advisers Act of 1940, and Section 9(b) of the…

Brian M. Campbell Sanctioned September, 2012: The Securities and Exchange Commission recently announced that Brian M. Campbell has been barred from association with any broker, dealer, or investment adviser. The sanctions were ordered in an administrative proceeding before an administrative law judge, following a November 2011 conviction for mail fraud. The wrongdoing underlying Campbell’s conviction…