Articles Posted in Securities and Securities Fraud

SEC v. Nancy Shao Wen Chu, et al., CV 11-09859 (C.D. Cal.) August, 2912: Former Chief Financial Officer of Soyo Group Ordered to Pay $15,600,000 Penalty for Securities Fraud The Securities and Exchange Commission recently announced that Nancy Shao Wen Chu, the former Chief Financial Officer for the now defunct Soyo Group, Inc., was ordered…

Former Deloitte Partner Pleads Guilty to Insider Trading August, 2012: The Securities and Exchange Commission recently that on August 8, 2012, Thomas P. Flanagan, a former Deloitte and Touche LLP partner, pleaded guilty to one count of criminal securities fraud for engaging in insider trading after he obtained material, nonpublic information about several Deloitte clients.…

SEC Charges Bristol-Myers Squibb Executive With Insider Trading in Stock Options of Potential Acquisition Targets August, 2012: The Securities and Exchange Commission recently charged an executive at Bristol-Myers Squibb with insider trading on confidential information about companies being targeted for potential acquisitions. His illegal trading took place as recently as just weeks ago. The SEC…

Securities and Exchange Commission v. Jerry S. Williams, Monk’s Den, LLC, and First In Awareness, LLC, 3:12-cv-01068 (District of Connecticut, Complaint filed July 20, 2012) July, 2012 SEC CHARGES STOCK PROMOTER IN INTERNET-BASED SCALPING SCHEME. The Securities and Exchange Commission recently announced that on July 20, 2012, it filed a civil fraud action against former…

South Florida Broker/Dealer Misconduct FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. June, 2012: The Securities and Exchange Commission recently obtained a temporary restraining order and asset freeze against a Utah man and company charged with operating a real estate-based Ponzi scheme that bilked $100 million from investors nationwide. The SEC’s complaint filed in…

Unregistered Sale of Stock, Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. June, 2012: SEC Charges Two Individuals in Fraudulent Offering of Investments in Dominican Republic Resorts The Securities and Exchange Commission charged James B. Catledge and Derek F.C. Elliott, and certain of their related entities, with making material misrepresentations to…

Penny Stock Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. June, 2012: Securities and Exchange Commission v. James Roland Dial et al, Case No. 4.12-CV-01654 (S.D. Tex. filed June 1, 2012) SEC Files Action Against Three Penny-Stock Fraudsters The Securities and Exchange Commission (“SEC”) recently charged three individuals for their roles…

South Florida Senior, Elder and Retirement Financial Abuse and Exploitation FINRA Arbitration, Litigation and Probate Estate Attorney: Should you risk your home to invest in stocks, bonds, mutual funds or other investments? In our opinion, the answer is no. Over the years, in our representing investors, those individuals that have been impacted the most by…

June, 2011: Securities Fraud – Fictitious Investments: The Oregon Department of Consumer and Business Services issued a cease-and-desist order and fined AXA Advisors LLC $75,000 for failing to supervise its former registered representative, Jacqueline Atkinson of Bend. As part of the order, AXA agreed to compensate clients that Atkinson defrauded of more than $1.9 million…

November, 2011: Senior Citizen Alert – Private Placements and/or Direct Investments: If you are the sibling, child, grandchild, friend or professional for a senior citizen, please pay particular attention to the following post. The Oregon Department of Consumer and Business Services recently entered into a consent order with LPL Financial and fined the company $100,000…