Articles Posted in SEC Enforcement Actions

Pyramid Scheme and Other Investment Frauds – South Florida Pyramid Scheme and Investment Fraud and Mismanagement FINRA Arbitration and Litigation Attorney Securities and Exchange Commission v. Steve Chen, et al., Civil Action No. CV 15-07425 (C.D. Cal., filed September 22, 2015) Securities and Exchange Commission v. Steve Chen, et al. Recently, the Securities and Exchange…

Innovative Business Solutions, LLC. and Arthur Jacob – Boca Raton, Florida Investment Adviser Fraud, Mismanagement and Breach of Fiduciary Duty FINRA Arbitration and Litigation Attorney Relating to Among Other Investments, Exchange Traded Funds. SEC Charges Florida Investment Adviser and His Company With Defrauding Investors The Securities and Exchange Commission recently announced fraud charges against Florida-based…

Securities and Investment Advisor Fraud – South Florida Securities Fraud, Breach of Fiduciary Duty and Mismanagement Litigation and Arbitration Attorney Securities and Exchange Commission v. Jason W. Galanis, Civil Action No. 1:15-cv-07547 (Southern District of New York, Complaint filed Sept. 24, 2015) SEC Charges Six in Stock Fraud Scheme The Securities and Exchange Commission recently…

iShopNoMarkup.com, Inc. – South Florida Fraudulent Unregistered Offering of Securities – FINRA Arbitration and Litigation Attorney Securities and Exchange Commission v. iShopNoMarkup.com, Inc., Civil Action No. 04-CV-4057 (E.D.N.Y.) Court Imposes Over $5 Million in Monetary Relief, an Officer and Director Bar, and Permanent Injunctions Against Former Chairman of a Failed Internet Startup Who Committed Securities…

Manny Shulman and David K. Hirschman – Boca Raton, Florida Unregistered Securities Fraud and Misrepresentation Litigation and Arbitration Attorney Securities and Exchange Commission v. Manny J. Shulman and David K. Hirschman, Civil Action No. 0:15-cv-61861-WJZ (U.S. District Court for the Southern District of Florida, Sept. 3, 2015) On September 3, 2015, the Securities and Exchange…

Edward Jones to Pay 20 Million for Overcharging Retail Customers in Municipal Bond Underwritings – Boca Raton, Florida FINRA Arbitration Attorney Edward Jones to Pay $20 Million for Overcharging Retail Customers in Municipal Bond Underwritings The Securities and Exchange Commission recently announced that St. Louis-based brokerage firm Edward Jones and the former head of its…

South Florida Unregistered and Private Offering Fraud and Misrepresentation Litigation Attorney: Securities and Exchange Commission v. EnviraTrends, Inc., et al., Civil Action No. 8:15CV1903T27TGW (M.D. Fla., August 17, 2015) SEC Charges Development Stage Company and Founder in Unregistered Offering Fraud Scheme Recently, the Securities and Exchange Commission filed a settled civil injunctive action against Russell…

Stockbroker and Account Executive Misconduct – Boca Raton, Florida Breach of Fiduciary Duty FINRA Arbitration and Litigation Attorney Securities and Exchange Commission v. Malcolm Segal, Civil Action No. 15-3668 (E.D. Pa.) SEC Charges Former Stockbroker with Conducting Ponzi Scheme The Securities and Exchange Commission recently charged a former stockbroker in Pennsylvania with conducting a Ponzi…

Pyramid/Ponzi Scheme – South Florida Fraud and Misrepresentation Litigation and Arbitration Attorney Securities and Exchange Commission v. DFRF Enterprises LLC, et al., Civil Action No. 1:15 cv 12857-PBS (United States District Court for the District of Massachusetts) SEC Halts Pyramid/Ponzi Scheme Targeting Spanish and Portuguese-Speaking Communities The Securities and Exchange Commission recently announced fraud charges…

Mark Welhouse and Welhouse & Associates, Inc. – South Florida Improper Trade Allocation and Cherry-Picking FINRA Arbitration and Litigation Attorney SEC Announces Cherry-Picking Charges Against Investment Manager Case Arises From Enforcement Initiative Analyzing Large Volumes of Investment Advisers’ Trade Allocation Data The Securities and Exchange Commission recently announced fraud charges against a Wisconsin-based investment advisory…