Articles Posted in SEC Enforcement Actions

Securities Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. June, 2012: SEC Charges Two Feeders For One of South Florida’s Largest-Ever Ponzi Schemes Recently, The Securities and Exchange Commission charged two individuals who provided the biggest influx of investor funds into one of the largest-ever Ponzi schemes in South Florida. The…

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 Lawyer, Russell L. Forkey, Esq. June, 2012: SEC Charges Penny Stock Financiers and Two Public Companies With Illegal Unregistered Stock Distributions The Securities and Exchange Commission filed a civil injunctive action recently in the United States District Court for the Middle District of Florida against Mark…

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…

Transfer Agent Fraud and Mismanagement Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. June, 2012: SEC v. Steven H. Bethke, Civil Action No. 4:12-cv-01638 (S.D. Tex., Houston Division, filed June 1, 2012) SEC Charges Controlling Person of Transfer Agent for Misappropriating Share Certificates and Illegally Selling Stock Recently, the Securities and Exchange Commission filed…

Investment Advisory Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. June, 2012: Securities and Exchange Commission v. Brian Raymond Callahan et al., Civil Action No. 12-CV-1065 (E.D.N.Y.) (ADS) SEC CHARGES ADDITIONAL DEFENDANTS FOR DEFRAUDING INVESTORS IN $90 MILLION PONZI SCHEME Recently, the Securities and Exchange Commission amended its complaint against New…

Securities and Exchange Commission v. Nicholas Louis Geranio, et al. Civil Action No. CV-12-4257-DMG (JCx) (C.D. Cal.) South Florida Investment Adviser and Broker/Dealer Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. May, 2012: SEC CHARGES U.S. PERPETRATORS IN $35 MILLION INTERNATIONAL BOILER ROOM SCHEME The Securities and Exchange Commission recently announced…

South Florida Broker/Dealer and Investment Advisor Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. May, 2012: SEC Charges Former Yahoo Executive and Former Ameriprise Manager with Insider Trading The Securities and Exchange Commission recently charged a former executive at Yahoo! Inc. and a former mutual fund manager at a subsidiary of…

Florida Investment Advisor and Broker Fraud and Mismanagement Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. May, 2012: SEC Charges Northern California Fund Manager in $60 Million Scheme The Securities and Exchange Commission recently charged an investment adviser in Scotts Valley, Calif., with running a $60 million investment fund like a Ponzi scheme and…

Florida Broker/Dealer and Investment Advisor Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. May, 2012: SEC Halts Fraudulent Investment Scheme by New York-Based Fund Manager The Securities and Exchange Commission recently filed charges against a New York-based fund manager and his two firms for luring investors into a trading program that…