Articles Posted in SEC Enforcement Actions 2011

Federal and State Court Litigation Attorney, Russell L. Forkey, Esq. November, 2011: FEDERAL COURT ENTERS JUDGMENTS OF PERMANENT INJUNCTION AND OTHER RELIEF AGAINST DEFENDANTS CHRISTOPHER M. DUBEAU AND ATLANTIS TECHNOLOGY GROUP Securities and Exchange Commission v. Atlantis Technology Group and Christopher M. Dubeau, Civil Action No. 10-61824-CIV-ZLOCH (S.D. Fla.) The United States District Court for…

Federal and State Securities Fraud and Misrepresentation Litigation and Arbitration Lawlyer, Russell L. Forkey, Esq. November, 2011: Securities and Exchange Commission v. James N. Fry, Michelle W. Palm, and Arrowhead Capital Management LLC, Civil Action No. 0:11-CV-03303 RHK/JJK (D. Minn.) SEC CHARGES TWO MINNESOTA-BASED FUND MANAGERS WITH FACILITATING PETTERS PONZI SCHEME The Securities and Exchange…

Federal and State Securities Fraud and Misrepresentation Litigation and Arbitration Attorney, Russell L. Forkey, Esq. November, 2011: SEC Charges New York-Based Hedge Fund Managers ThinkStrategy Capital and Chetan Kapur with Securities Fraud The Securities and Exchange Commission (SEC) recently filed a civil injunctive action charging ThinkStrategy Capital Management, LLC (“ThinkStrategy”) and its sole managing director,…

Securities Fraud Litigation Lawyer, Russell L. Forkey, Esq. November, 2011: Securities and Exchange Commission v. Atlantis Technology Group and Christopher M. Dubeau, Civil Action No. 10-61824-CIV-ZLOCH (S.D. Fla.) The Securities and Exchange Commission recently announced that The United States District Court for the Southern District of Florida has entered final judgments against defendants Christopher M.…

Securities Fraud, Misrepresentation and Negligent Supervision Lawyer, Russell L. Forkey, Esq. October, 2011: The Securities and Exchange Commission (SEC) recently charged multinational banking conglomerate Banco Espirito Santo S.A. (BES) with violations of the broker-dealer and investment adviser registration provisions and the securities transaction registration provisions of the federal securities laws. The SEC’s enforcement action finds…

Collateralized Debt Obligations Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. October, 2011: The Securities and Exchange Commission (SEC) recently charged Citigroup’s principal U.S. broker-dealer subsidiary with misleading investors about a $1 billion collateralized debt obligation (CDO) tied to the U.S. housing market in which Citigroup bet against investors as the…

Securities Fraud and Misrepresentation Litigation Attorney, Russell L. Forkey, Esq. October, 2011: Litigation Release No. 22133 Securities and Exchange Commission v. Long Term-Short Term, Inc. and Freddie Rick, Civil Action No. 1:11-cv-1127 (E.D.Va) SEC Charges Long Term-Short Term, Inc., d/b/a BetterTrades, and Its President with Securities Law Violations Recently, the Securities and Exchange Commission filed…

Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell Forkey, Esq. October, 2011: Securities and Exchange Commission v. Daniel W. Nodurft, Case No. 8:09-cv-866-T26/TGW (M.D. Fla.) The Securities and Exchange Commission recently announced that the United States District Court for the Middle District of Florida entered a final judgment against Daniel W. Nodurft permanently restraining…

Penny Stock Fraud and Misrepresentation Litigation and FINRA Arbitration Lawyer, Russell L. Forkey, Esq. October, 2011: Litigation Release No. 22126 Securities and Exchange Commission v. Joseph P. Cillo, Civil Action No. 8:11-cv-02320 (M.D. Fla. October 14, 2011) Recently, the Securities and Exchange Commission (“Commission”) filed a Complaint for Injunctive and Other Relief (“Complaint”) in the…

Penny Stock Securities Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. October, 2011: SECURITIES AND EXCHANGE COMMISSION LITIGATION RELEASE NO. 22125 / OCTOBER 14, 2011 SEC v. Wall Street Capital Funding LLC, Philip Cardwell, Roy Campbell, and Aaron Hume, Civil Action No. 11-cv-20413-DLG (S.D. Fla.) On October 13, 2011 the U.S.…