Articles Posted in Securities and Securities Fraud

CONTINGENCY OR BEST EFFORTS OFFERING: Securities and Exchange Act Rules 10-b9 and 15c2-4 contain requirements that must be satisfied in “Contingency” or “Best Efforts” offerings. FINRA (the Financial Industry Regulatory Authority) has provided guidance to broker/dealers regarding the requirements of these rules and to remind broker-dealers of their responsibility to have procedures reasonably designed to…

South Florida Unregistered Investment Adviser Fraud and Misrepresentation Attorney. Securities and Exchange Commission v. Mohamud Abdi Ahmed and 2waytrading, LLC, No. 17-cv-1478 (D. Minn. filed May 4, 2017) SEC Halts Fraudulent Conduct by Recidivist and Unregistered Investment Adviser Firm The Securities and Exchange Commission recently announced that it obtained an asset freeze and court order…

Common Stock Buyers Beware – Boca Raton, Florida Securities Litigation and Arbitration Attorney SEC Charges Shell Factory Operators With Fraud The Securities and Exchange Commission (SEC) recently announced fraud charges against a California stock promoter and a New Jersey lawyer who allegedly were creating sham companies and selling them until the SEC stopped them in…

Gregory Ruehle – Boca Raton, Florida Unregistered Broker and Securities Fraud Attorney SEC Charges Oceanside Man with Defrauding Investors and Acting as an Unregistered Broker-Dealer Securities and Exchange Commission v. Gregory Ruehle, Civil Action No. 3:16-cv-00366-AJB-MDD (S.D. Cal., filed February 11, 2016) The Securities and Exchange Commission (SEC) recently charged an unregistered broker in Oceanside,…

Anthony Guerriero and Oxford City Football Club, Inc. – South Florida, including Boca Raton, West Palm Beach, Delray Beach, Lake Worth and Royal Palm Beach, Florida Micro-Cap Penny Stock Fraud Litigation Attorney The Securities and Exchange Commission (SEC) recently announced fraud charges and a court-ordered asset freeze obtained against a Florida-based penny stock company falsely…

Bitcoin Ponzi Scheme – South Florida Securities Fraud and Misrepresentation State and Federal Court Litigation Attorney Securities and Exchange Commission v. Homero Joshua Garza, Civil Action No. 3:15-cv-01760 (D. Conn., Complaint filed Dec. 1, 2015) SEC Charges Bitcoin Mining Companies The Securities and Exchange Commission recently charged two Bitcoin mining companies and their founder with…

William J. Wells and Promitor Capital Management LLC. – Boca Raton, Florida Investment Advisor Fraud and Mismanagement Litigation and Arbitration Attorney SEC Charges New Jersey Fund Manager With Securities Fraud The Securities and Exchange Commission recently charged a New Jersey fund manager and his firm with defrauding investors by lying about his credentials, concealing trading…

Steve Chen and USFIA Inc. – South Florida, including Fort Lauderdale, Pompano Beach, Deerfield Beach and Boynton Beach, Securities and Investment Fraud Litigation and Arbitration Attorney SEC Halts $32 Million Scheme That Promised Riches From Amber Mining The Securities and Exchange Commission recently announced it has filed fraud charges and obtained asset freezes against the…

South Florida, including Boca Raton, Fort Lauderdale and West Palm Beach Boiler Room Fraud and Misrepresentation Litigation Attorney Securities and Exchange Commission v. Commodore Financial Corp., et al., Civil Action No. 15-CV-01567 (C.D. Cal., filed September 30, 2015) SEC Charges Orange County Oil and Gas Company, CEO, and Arizona Boiler Room Operator with Defrauding Investors…

Briargate Trading LLP and Eric Oscher – Boca Raton, Florida Securities and Investment Fraud Litigation and Arbitration Attorney SEC Charges Firm and Owner With Manipulative Trading The Securities and Exchange Commission recently charged a New York-based proprietary trading firm and one of its co-founders with engaging in a manipulative trading strategy known as “spoofing.” An…