Articles Posted in SEC Enforcement Actions

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…

SEC Charges California-Based Lawyer with Issuing Fraudulent Legal Opinion Letters The Securities and Exchange Commission recently charged a California-based lawyer who has been fraudulently churning out baseless legal opinion letters for penny stocks through his website without researching and evaluating the individual stock offerings. Legal opinion letters are issued to transfer agents on behalf of…

Securities and Exchange Commission v. Colin McCabe (D/B/A Elite Stock Report, The Stock Profiteer, and Resource Stock Advisor), Civil Action No. 2:13-cv-00161 Recently, the Securities and Exchange Commission filed a civil action in the United States District Court for the District of Utah charging Canadian stock promoter Colin McCabe with disseminating false and misleading information…

Securities and Exchange Commission v. Falcon Ridge Development, Inc., et al., Civil Action No. 13-cv-1101 (E.D. Pa.) SEC CHARGES FALCON RIDGE DEVELOPMENT, INC. AND ITS PRESIDENT AND CEO FOR MARKET MANIPULATION SCHEME The Securities and Exchange Commission recently announced that it charged Falcon Ridge Development, Inc. (“Falcon Ridge”) and its President and CEO, Fred M.…

Securities and Exchange Commission v. Randal Kent Hansen, et al., Civil Action No. 13-cv-01403 (S.D.N.Y., filed March 1, 2013) SEC Charges Advisers to the RAHFCO Hedge Funds with Fraud The Securities and Exchange Commission (“Commission”) recently filed a civil injunctive action in the United States District Court for the Southern District of New York relating…

Securities and Exchange Commission v. Walter Ng, Kelly Ng, Bruce Horwitz, and The Mortgage Fund, LLC, Civil Action No. C-13 0895-NC (U.S. District Court for the Northern District of California) The Securities and Exchange Commission recently charged three Bay Area real estate fund managers with fraud for secretly using the assets of a new real…

Securities and Exchange Commission v. New Stream Capital, LLC, New Stream Capital (Cayman), Ltd., David A. Bryson, Bart C. Gutekunst, Richard Pereira, and Tara Bryson, et al., Civil Action No. 3:13cv264 (D. Conn.) SEC Charges Connecticut Hedge Fund Managers With Securities Fraud Recently, the Securities and Exchange Commission filed a civil injunctive action in the…

Securities and Exchange Commission v. Dynkowski, et al., Civil Action No. 1:09-361 (D. Del.) Defendant Adam S. Rosengard Settles SEC Charges in Penny Stock Manipulation Case The Securities and Exchange Commission recently announced that Chief Judge Gregory M. Sleet of the United States District Court for the District of Delaware entered a final judgment against…

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,…