Articles Posted in SEC Enforcement Actions

Securities and Exchange Commission v. Edward M. Laborio, Jonathan Fraiman, Matthew K. Lazar, Envit Capital, LLC, Envit Capital Group, Inc., Envit Capital Holdings, Inc., Envit Capital Private Wealth Management, LLC, Envit Capital Multi Strategy Mixed Investment Fund I LP, Aetius Group PLC, and Aetius Group LLC, 1:12-cv-11489-MBB (District of Massachusetts, Complaint filed August 10, 2012)…

SEC Charges Mutual Fund Adviser With Failing to Turn Over Records to SEC Examiners August, 2012: The Securities and Exchange Commission recently charged a Florida-based investment manager and his firm for failing to provide SEC examiners with records of a mutual fund advisory business that invested in NASCAR-related stocks. The SEC examiners sought records from…

Securities and Exchange Commission v. Heart Tronics, Inc., et al., 11-cv-01962 (C.D. Cal.) August, 2012: The Securities and Exchange Commission recently announced that Martin B. Carter and Ryan A. Rauch have agreed to settle charges brought against them in SEC v. Heart Tronics, Inc., et al. The complaint alleged that Heart Tronics repeatedly announced millions…

SEC v. The Companies (TC), LLC, et al., Civil No.: 2:12-cv-00765-DN (USDC Utah, Filed July 6, 2012). August, 2012: SEC CHARGES REAL ESTATE INVESTMENT COMPANY AND ITS PRINCIPALS WITH OFFERING FRAUD Recently, the Securities and Exchange Commission filed a Complaint in federal district court against The Companies (TC), LLC (“The Companies”) and its principals, Kristoffer…

SEC v. Well Advantage Limited, et al., Civil Action 12-CV-5786 (SDNY)(RJS) August, 2012: SEC FREEZES AN ADDITIONAL $6 MILLION IN NEXEN INSIDER TRADING CASE Recently, the Securities and Exchange Commission obtained an emergency court order in the United States District Court for the Southern District of New York to freeze more than $6 million in…

Securities and Exchange Commission v. Inofin, Inc., Michael J. Cuomo, Kevin J. Mann, Sr., Melissa George, Thomas Kevin Keough, David Affeldt, and Nancy Keough, 1:11-CV-10633 (D. Mass., Complaint Filed April 14, 2011) August, 2012: FINAL JUDGEMENTS ENTERED AGAINST FORMER EXECUTIVES OF MASSACHUSETTS COMPANY The Securities and Exchange Commission recently announced that final judgments were entered…

SEC v. Phillip W. Offill, Jr., et al., Civil Action No. 07-CV-1643-D (N.D. Tex. filed Sept. 26, 2007) August, 2012: SHANE A. MULLHOLAND AND DISSEMINATION SERVICES LLC ENJOINED AND BARRED FROM PENNY STOCK OFFERINGS The United States Securities and Exchange Commission (Commission) recently announced that on July 30, 2012, the Honorable Sidney A. Fitzwater of…

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…

SEC V. MICHAEL A. BODANZA ET AL., Case No. 1:12-CV-1954 (N.D. Ohio, filed July 27, 2012) July, 2012: SEC Charges Ohio Oil and Gas Concern with Offering Fraud The Securities and Exchange Commission recently announced that it filed a civil injunctive action alleging fraud in connection with the unregistered offer and sale of securities by…

SEC Charges N.Y.-Based Fund Manager and Others With Securities Law Violations Related to Chinese Reverse Merger Company July, 2012: The Securities and Exchange Commission recently charged New York-based investment manager Peter Siris and two of his firms with a host of securities law violations mostly related to his activities with a Chinese reverse merger company,…