Articles Posted in SEC Enforcement Actions

Securities and Exchange Commission v. Emanuel L. Sarris, Sr. and Sarris Financial Group, Inc., Civil Action No. 12-cv-04272-TON (E.D. Pa.) July, 2012: The Securities and Exchange Commission recently filed an action for fraud against Bucks-County, Pennsylvania-resident Emanuel L. Sarris, Sr. (“Sarris”) and his firm, Sarris Financial Group, Inc. (“Sarris Financial”), for their role in facilitating…

Securities and Exchange Commission v. Ladislav “Larry” Schvacho, Civil Action No. 1:12-cv-2557-WFD (N.D. Ga.) SEC CHARGES CLOSE FRIEND OF STAFFING COMPANY CEO WITH INSIDER TRADING AROUND ACQUISITION Recently, the Securities and Exchange Commission charged the close friend of a CEO with insider trading in the stock of a Houston-based employment services company by exploiting confidential…

Securities and Exchange Commission v. Ronald Feldstein, Civil Action No. 12 Civ. 5751 (S.D.N.Y.) July, 2012: SEC CHARGES AIDER AND ABETTOR OF PENNY STOCK COMPANY’S DISCLOSURE OF FAKE INVESTMENT The Securities and Exchange Commission recently filed a complaint in the United States District Court for the Southern District of New York alleging that Ronald Feldstein…

SEC v. Dynkowski, et al., Civil Action No. 1:09-361 (D. Del.) July, 2012: Defendant Matthew Brown Settles Penny Stock Manipulation Charges 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 Defendant Matthew W. Brown on…

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…

SEC Charges CEO With Insider Trading in Secondary Offering of Company Stock July, 2012: The Securities and Exchange Commission recently charged the chairman and CEO of a Santa Ana, Calif.-based computer storage device company with insider trading in a secondary offering of his stock shares with knowledge of confidential information that a major customer’s demand…

Securities and Exchange Commission v. David Ronald Allen, et al., Civil Action No. 3:11-CV-882-O (N.D. Tex.) July, 2012: SEC OBTAINS FINAL JUDGMENT IN CASE INVOLVING PONZI SCHEME AND PROMOTION OF CHINA VOICE HOLDING CORP. Recently, the Honorable Reed O’Connor, United States District Judge for the Northern District of Texas, entered a final judgment against Ilya…

Short Selling Brothers Agree to Pay $14.5 Million to Settle SEC Charges July, 2012: The Securities and Exchange Commission recently announced that two options traders who the agency charged earlier this year with short selling violations have agreed to pay more than $14.5 million to settle the case against them. An SEC investigation found that…

SEC Charges Mizuho Securities USA with Misleading Investors by Obtaining False Credit Ratings for CDO July, 2012: Firm to Pay $127.5 Million to Settle Charges The Securities and Exchange Commission recently charged the U.S. investment banking subsidiary of Japan-based Mizuho Financial Group and three former employees with misleading investors in a collateralized debt obligation (CDO)…

July, 2012: In the Matter of Jeffrey A. Wolfson, Robert A. Wolfson and Golden Anchor Trading II, LLC (n/k/a Barabino Trading, LLC) Recently, the Commission issued orders making findings and imposing remedial sanctions and cease-and-desist orders as part of settlements with two options traders and a broker-dealer who have agreed to pay more than $14.5…