Articles Posted in SEC Enforcement Actions 2012

Stock Broker Fraud and Misrepresentation Mutual Fund FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: SEC Charges UBS Global Asset Management for Pricing Violations in Mutual Fund Portfolios The Securities and Exchange Commission recently charged an investment advisory arm of UBS with failing to properly price securities in three mutual funds that…

Investment and Securities Fraud and Misrepresentation Litigation and FINRA Arbitration Lawyer, Russell L. Forkey, Esq. January, 2012: United States Securities Exchange Commission v. Imperiali, Inc., Daniel Imperato, Charles Fiscina, and Lawrence O’Donnell Civil Action No. 9:12-cv-80021 (S.D. Fla.)(January 9, 2012) SEC Charges Issuer, Officers and Auditor with Fraud Recently, the Securities and Exchange Commission charged…

Investment and Securities Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. January, 2012: SEC v. Earl C. Arrowood and Parker H. “Pete” Petit, Civil Action No. 1:12-cv-00082-RWS SEC Charges Earl C. Arrowood and Parker H. “Pete” Petit with Insider Trading Recently, the Securities and Exchange Commission filed a civil injunctive action…

Securities and Investment Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. January, 2012: SEC v. Allen E. Weintraub and AWMS Acquisitions, Inc., d/b/a Sterling Global Holdings, Case No. 11-21549-CIV-HUCK/BANDSTRA (S.D.Fla.) SEC WINS JUDGMENTS AGAINST ALLEN E. WEINTRAUB AND AWMS ACQUISITIONS, INC. FOR MAKING PHONY TENDER OFFERS FOR EASTMAN KODAK AND AMR…

Securities and Investment Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. January, 2012: Securities and Exchange Commission v. Todd Farha, et al., Civil Action No. 8:12-cv-00047-SDM-MAP (M.D. Fla., January 9, 2012) SEC BRINGS FRAUD AND INSIDER TRADING CHARGES AGAINST THREE FORMER WELLCARE EXECUTIVES Recently, the Securities and Exchange Commission (“Commission”) filed…

Securities and Investment Fraud and Misrepresentation Litigation and FINRA Arbitration Lawyer Russell L. Forkey, Esq. December, 2011: Securities and Exchange Commission v. JBI, Inc., John Bordynuik and Ronald Baldwin, Jr., Civil Action No. 1:12-cv-10012, United States District Court, District of Massachusetts SEC CHARGES COMPANY AND ITS OFFICERS WITH ACCOUNTING FRAUD The Securities and Exchange Commission…

Securities and Investment Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. January, 2012: In the Matter of William Echeverri Recently, the Commission issued an Order Instituting Administrative Proceedings Pursuant to Section 15(b)(6) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions (Order) against William Echeverri. Echeverri, 40,…

Life Settlement Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. January, 2012: SEC Charges Life Settlements Firm and Three Executives with Disclosure and Accounting Fraud CEO and General Counsel Additionally Charged With Insider Trading The Securities and Exchange Commission recently charged Texas-based financial services firm Life Partners Holdings Inc. and three…

Municipal Bond Fraud and Misrepresentation FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. January, 2011: Securities and Exchange Commission v. Charles A. Aiken, et al., Civil Action No. CA 5:11-1018, United States District Court, Southern District of West Virginia SEC CHARGES CHARLES A. AIKEN AND AIKEN CONTINENTAL, L.L.C. WITH FRAUD IN THE OFFER AND…

Securities and Investment Fraud FINRA Arbitratrion and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Securities and Exchange Commission v. Chalmer E. Detling, II, Esq., Civil Action No. 1:11 cv 4565, United States District Court, Northern District of Georgia, Atlanta Division SEC CHARGES ATLANTA-BASED ATTORNEY WITH FRAUD IN THE OFFER AND SALE OF MUNICIPAL BONDS…