Fraud, Misrepresentation and Sale of Unregistered Securities Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq.
The Securities and Exchange Commission periodically announces enforcement actions that have recently been filed by it. Periodically, we review these actions and provide selective information concerning what we feel relate to important issues or matters that have a wide alleged impact on investors.
In Administrative Proceedings File No. 3-14411, styled In the Matter of D”Brit Corp., Dair Ventures, Inc., D.C. Trading & Development Corp., Delsoft Consulting, Inc., Dev-Tech Corp. (n/k/a Dev Sec, Inc.), Digital Products Corp., and Dollar Time Group, Inc., the Securities and Exchange Commission (SEC) issued an order making findings and revoking registration by default as to the subject respondents. Read More.
Securities and Exchange Commission v. Joshua Constantin et al., United States District Court for the Southern District of New York, Civ. Action No. 11-CV-4642 (filed July 6, 2011)
SEC CHARGES NEW YORK BROKERAGE FIRM AND TWO EXECUTIVES WITH DEFRAUDING INVESTORS IN PRIVATE PLACEMENT
The Securities and Exchange Commission recently charged a New York-based brokerage firm and two executives with misappropriating investor funds. Read More.
The Respondent submitted an Offer of Settlement (the “Offer”) which the Commission accepted. Solely for the purpose of the administrative proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, and without admitting or denying the findings in the order, except as to the Commission’s jurisdiction over him and the subject matter of these proceedings, which are admitted, Respondent consented to the entry of this Order Making Findings and Imposing Remedial Sanctions and a Cease-and-Desist Order Pursuant to Section 8A of the Securities Act of 1933, Sections 15(b) and 21C of the Securities Exchange Act of 1934, Sections 203(f) and 203(k) of the Investment Advisers Act of 1940, and Section 9(b) of the Investment Company Act of 1940 (“Order”). Read More.
Securities and Exchange Commission v. Sam Otto Folin, Benchmark Asset Managers LLC, and Harvest Managers LLC, Civil Action No. 11-cv-4447 (E.D. Pa. July 12, 2011)
SEC Charges Philadelphia-Based Registered Investment Adviser With Fraud. Read More.