Articles Posted in SEC Enforcement Actions 2013

Securities and Exchange Commission v. City of Victorville, et al., Civil Action No. EDCV 13-776 JAK (DTBx) (C.D. Cal., filed April 29, 2013) SEC Charges City of Victorville, Underwriter, and Others with Defrauding Municipal Bond Investors The Securities and Exchange Commission recently charged that the City of Victorville, Calif., a city official, the Southern California…

Securities and Exchange Commission v. USA Real Estate Fund 1, Inc. and Daniel F. Peterson, Civil Action No. CV-13-157-LRS (E.D. Washington, filed Apr. 24, 2013) SEC Seeks to Halt Scheme Raising Investor Funds Under Guise of Jobs Act The Securities and Exchange Commission recently announced fraud charges against a Spokane Valley, Wash., company and its…

Securities and Exchange Commission v. Hilton, et al.., Civil Action No. 12-CV-81033-DMM/DLB District Court Enters Permanent Injunction Against Defendants Joseph Hilton, F/K/a Joseph Yurkin and New Horizon Publishing Inc. The Securities and Exchange Commission recently announced that on February 28, 2013, the United States District Court for the Southern District of Florida entered a Judgment…

Securities and Exchange Commission v. Joshua Constantin, Brian Solomon, and Windham Securities, Inc. and Relief Defendants Constantin Resource Group, Inc. and Domestic Applications Corp.,, Civil Action No. 1:11-cv-4642 (MHD) (filed July 6, 2011) Court Finds Brokerage Firm and Two Former Executives Liable for Over $2.74 Million in a Fraudulent Misappropriation Case The Securities and Exchange…

Securities and Exchange Commission v. USA Real Estate Fund 1, Inc. and Daniel F. Peterson, Civil Action No. CV-13-157-LRS (E.D. Washington, filed Apr. 24, 2013) SEC Seeks to Halt Scheme Raising Investor Funds Under Guise of Jobs Act The Securities and Exchange Commission recently announced fraud charges against a Spokane Valley, Wash., company and its…

Former Investment Bank Analyst and His College Friend Plead Guilty to Insider Trading Scheme The Securities and Exchange Commission recently announced that Jauyo “Jason” Lee, 29, of New York, and Victor Chen, 29, of Sunnyvale, Calif., both pleaded guilty to one count of conspiracy to commit securities fraud and one count of securities fraud for…

Securities and Exchange Commission v. Andrew Farmer and Iridium Capital, Ltd., Civil Action No. 4:13-mc-00014-Y (N.D. Tex.) SEC Files Subpoena Enforcement Action Against Andrew Famer and Iridium Capital, Ltd. for Failure To Produce Documents in Market Manipulation Investigation The Securities and Exchange Commission recently announced that on April 9, 2013 it filed a subpoena enforcement…

Securities and Exchange Commission v. Linda Woolf, Hands On Capital, Inc., et al., Civil Action No. 1:08cv235 (E.D.Va.) Former “Teach Me to Trade” Saleswoman and Infomercial Personality Linda (Knudsen) Woolf Agrees to Settle Securities Fraud Charges and Pay a $225,000 Penalty The Securities and Exchange Commission recently announced that the United States District Court for…

Securities and Exchange Commission v. Glenn Hoppes, United States Energy Corp., TN-KY Development Fund LP, TN-KY Development Fund II LP and TN-KY Development Fund III LP, Civil Action No. 13-CV-00868-SDM-AEP The Securities and Exchange Commission recently announced it has filed a civil injunctive action against Glenn Hoppes, of Clearwater, Florida, and four companies he controls,…

Administrative Proceeding No. 3-15237, Before the Securities and Exchange Commission: The Securities and Exchange Commission recently charged the State of Illinois with securities fraud for misleading municipal bond investors about the state’s approach to funding its pension obligations. An SEC investigation revealed that Illinois failed to inform investors about the impact of problems with its…