Articles Posted in Securities and Securities Fraud

Genesis Securities, LLC. (New York, New York) and William Chingwen Yeh, Registered Principal, Oyster Bay, New York: The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA…

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. 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. E-Monee.com, Inc. et al., Civil Action No. 0:13-cv-60637-WJZ (S.D. Fla) The Securities and Exchange Commission recently filed fraud charges against E-Monee.com, Inc. (“E-Monee”), its president, Estuardo Benavides (“Benavides”), and one of its directors and a licensed Florida attorney, Robert B. Cook (“Cook”), for offering shares in E-Monee to investors under…

Securities and Exchange Commission v. J.C. Reed & Company, Inc., J.C. Reed Advisory Group, LLC, Barron A. Mathis, and Estate of John C. Reed, Lana L. Reed, Executor, Civil Action No. Case No. 3:08-CV-1112 (M.D. Tn.) Court enters final judgment against Defendants The Securities and Exchange Commission recently announced that the Honorable William J. Haynes,…

Securities and Exchange Commission v. M. Mark McAdams and R. Dane Freeman, Civil Action No. Civil Action No. 4:10-CV-00701-TLW (D.S.C.) The Securities and Exchange Commission recently announced that the Honorable Terry L. Wooten, United States District Judge for the District of South Carolina, entered final judgments permanently enjoining M. Mark McAdams (“McAdams”) and R. Dane…

Securities and Exchange Commission v. Scott I. Kupersmith, et al., Civil Action No. 11-cv-6277 (KSH) (D.N.J.) SEC OBTAINS FINAL JUDGMENT AGAINST SCOTT KUPERSMITH The Securities and Exchange Commission recently announced that on March 6, 2013, the Honorable Katharine S. Hayden of the United States District Court for the District of New Jersey entered a final…

China-Based Company and Former CFO to Pay Penalties for Disclosure and Accounting Violations The Securities and Exchange Commission recently charged a China-based petrochemical company and its former chief financial officer with accounting and disclosure violations, and they agreed to pay more than $1 million combined to settle the charges. The SEC alleges that Keyuan Petrochemicals,…

SEC Charges N.Y.-Based Brokerage Firm with Defrauding Investors in a Clean Energy Company to Earn Lucrative Commissions The Securities and Exchange Commission recently announced fraud charges against a New York-based brokerage firm and two brokers who allegedly used misleading sales tactics to steer investors toward risky investments in a purported clean energy company so the…