Articles Posted in Sales of Unregistered Securities

Securities and Exchange Commission v. Gregory N. McKnight, et al., Civil Action No. 08-cv-11887 (E.D. Mich.) 15 Year Prison Term for Gregory Mcknight, Orchestrator of $72 Million Ponzi Scheme The Securities and Exchange Commission recently announced that on August 6, 2013, the Honorable Mark A. Goldsmith of the United States District Court for the Eastern…

Securities and Exchange Commission v. Jorge Bravo, Jr., Civil Action No. 13-CV-5116 (PGG) (S.D.N.Y., July 23, 2013) SEC Charges Florida Resident with Unregistered Sales of Securities Recently, the Securities and Exchange Commission filed settled charges against Florida resident Jorge Bravo, Jr., for unlawful sales of millions of shares of a microcap company to the public…

In the Matter of Steven J. Brewer: On July 12, 2013, 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 (Exchange Act) and Section 203(f) of the Investment Advisers Act of 1940 (Advisers Act), Making Findings and Imposing Remedial…

Securities and Exchange Commission v. Detroit Memorial Partners, LLC and Mark Morrow, Civil Action No. 1:13-cv-1817-WSD, United States District Court, Northern District of Georgia SEC Charges Cincinnati Resident and Delaware Firm with Offering Fraud Recently, the Securities and Exchange Commission filed a civil injunctive action in the Northern District of Georgia against Detroit Memorial Partners,…

Restricted or Lettered Security – Florida Security, Investment and Business State and Federal Court Litigation and American Arbitration Association Attorney: “Restricted” or “Lettered” Security generally describers a stock or bond that is not registered with the Securities and Exchange Commission. Consequently, these securities cannot be sold in the public market. When such a stock or…

Securities and Exchange Commission v. Inter Reef, Ltd. dba Profitable Sunrise, Melland Company S.R.O., Color Shock S.R.O., Solutions Company S.R.O. and Fortuna-K S.R.O., Civil Action No. 1:13-CV-1104 (U.S. District Court for the Northern District of Georgia) Court Enters Preliminary Injunction Against Inter Reef d/b/a Profitable Sunrise and Extends Asset Freeze Order Recently, the Honorable Thomas…

Jeffrey Rubin, Registered Representative, Lighthouse Point, Florida: FINRA Bars Florida Broker for Unsuitable Recommendations and Unapproved Securities Transactions Involving 31 NFL Players The Financial Industry Regulatory Authority (FINRA) recently announced that it has barred broker Jeffrey Rubin of Lighthouse Point, Florida, from the securities industry for making unsuitable recommendations to his customer, an NFL player,…

Securities and Exchange Commission v. Edmund E. Wilson and Walter L. Ross, Civil Action No. 2:13-cv-00188-PWM SEC CHARGES EDMUND E. WILSON AND WALTER L. ROSS WITH VIOLATIONS OF THE FEDERAL SECURITIES LAWS Recently, the Securities and Exchange Commission filed a civil injunctive action against Edmund E. Wilson (Wilson) and Walter L. Ross (Ross), alleging that…

Securities and Exchange Commission v. J.C. Reed & Company, Inc., J.C. Reed Advisory Group, LLC, Barron A. Mathis, and Estate of John C. Reed, Lana L. Reed, Executor, Civil Action No. Case No. 3:08-CV-1112 (M.D. Tn.) Court enters final judgment against Defendants The Securities and Exchange Commission (“Commission”) recently announced that the Honorable William J.…

Securities and Exchange Commission v. J.C. Reed & Company, Inc., J.C. Reed Advisory Group, LLC, Barron A. Mathis, and Estate of John C. Reed, Lana L. Reed, Executor, Civil Action No. Case No. 3:08-CV-1112 (M.D. Tn.) Court enters final judgment against Defendants The Securities and Exchange Commission recently announced that the Honorable William J. Haynes,…