Articles Posted in Securities and Securities Fraud

Final Judgments Entered against Connecticut-Based Investment Adviser and His Firm Charged with Stealing Investor Funds The Securities and Exchange Commission (“Commission”) recently announced that on May 16, 2013, the United States District Court for the District of Connecticut entered final judgments by consent in a previously filed enforcement action against Stephen B. Blankenship and his…

Securities and Exchange Commission v. Charles J. Dushek, et al., Civil Action No. 13-cv-3669 (N.D. Ill., filed May 16, 2013) SEC Charges Chicago-Area Father and Son Conducting Cherry-Picking Scheme At Investment Firm The Securities and Exchange Commission (“Commission”) filed a civil injunctive complaint on May 16, 2013, in the United States District Court for the…

Final Judgments Entered against Richard Verdiramo and Vincent L. Verdiramo, Esq. The Securities and Exchange Commission recently announced that on April 29, 2013, the United States District Court for the Southern District of New York entered final judgments against Richard Verdiramo and Vincent L. Verdiramo, Esq., that require the defendants to pay full disgorgement and…

In the Matter of Ziad K. Abdelnour The Commission today issued an Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Sections 15(b) and 21C of the Securities Exchange Act of 1934, and Section 9(b) of the Investment Company Act of 1940, Making Findings, and Imposing Remedial Sanctions…

Securities and Exchange Commission Charges Traders in Massive Kickback Scheme Involving Venezuelan Official The Securities and Exchange Commission (Commission) recently charged four individuals with ties to a New York City brokerage firm in a scheme involving millions of dollars in illicit bribes paid to a high-ranking Venezuelan finance official to secure the bond trading business…

Restricted or Lettered Security – Florida Security, Investment and Business State and Federal Court Litigation and American Arbitration Association Attorney: “Restricted” or “Lettered” Security generally describers a stock or bond that is not registered with the Securities and Exchange Commission. Consequently, these securities cannot be sold in the public market. When such a stock or…

Securities and Exchange Commission v. Steven Palladino, et al., Civil Action No. 13-11024-DPW Commission Obtains Temporary Restraining Order and Asset Freeze Against Massachusetts Man Who Defrauded Investors of At Least $5.5 Million The Securities and Exchange Commission recently announced that, on April 30, 2013, it filed an emergency enforcement action in federal district court in…

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…