Articles Posted in SEC Enforcement Actions

May, 2012: SEC v. Stephen H. Guth, Civil Action No. 1:12-cv-00842 (RBW) (D.D.C. filed May24, 2012) Stephen H. Guth Settles SEC Insider Trading Charge Concerning Omrix Tender Offer The U.S. Securities and Exchange Commission recently filed a settled civil injunctive action in the U.S. District Court for the District of Columbia alleging that Stephen H.…

May, 2012: Securities and Exchange Commission v. GLR Capital Management, LLC, GLR Advisors, LLC, Geringer, Luck & Rode LLC, John A. Geringer, and Relief Defendant GLR Growth Fund, L.P., Civil Action No. 12-02663 (U.S. District Court for the Northern District of California, filed May 24, 2012) SEC CHARGES NORTHERN CALIFORNIA FUND MANAGER IN $60 MILLION…

Investment Advisor and Broker/Dealer Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. May, 2012: Securities and Exchange Commission v. A.L. Waters Capital, LLC, et al., Civil Action No. 12-cv-10783-DJC (District of Massachusetts) Commission Obtains Preliminary Injunction and Asset Freeze Against Massachusetts-Based Parties Who Misappropriated Investor Funds The Securities and Exchange Commission…

Securities 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 charged a Hawaii resident and two firms he used to orchestrate a scheme in which he covertly founded small companies, installed management, and…

Securities Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. May, 2012: SEC Charges New Jersey Man in Real Estate Investment Scam The Securities and Exchange Commission recently charged a New Jersey man with operating a Ponzi-like scheme involving a series of investment vehicles formed for the purported purpose of purchasing and…

Investment Advisor and Broker/Dealer Fraud and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. May, 2012: Securities and Exchange Commission v. Mark F. Spangler and The Spangler Group, Inc., Civil Action No. 2:12-cv-00856 (U.S. District Court for the Western District of Washington, filed May 17 2012) SEC CHARGES SEATTLE-BASED FUND MANAGER FOR SECRETLY…

Securities Fraud, Misrepresentation and Mismanagement Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. May, 2012: SEC v. David Blech and Margaret Chassman, Civil Action No. 12-Civ-3703 (AJN) Recently, the Securities and Exchange Commission charged a Manhattan resident with carrying out a complex market manipulation scheme in biopharmaceutical stocks after he was kicked out of…

Securities Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. May, 2012: Securities and Exchange Commission v. Dr. Bobby V. Khan, Civil Case No. 1:10-cv-2865-JOF (N.D. Ga.) GEORGIA DOCTOR CONSENTS TO ORDER IN SETTLEMENT OF SEC INSIDER TRADING CHARGES Recently, the U.S. District Court for the Northern District of Georgia entered a…

Broker/Dealer Fraud and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. May, 2012: SEC Charges Scotland-Based Firm For Improperly Boosting Hedge Fund Client at Expense of U.S. Fund Investors The Securities and Exchange Commission today charged a Scotland-based fund management group for fraudulently using one of its U.S. fund clients to rescue another…

Securities Fraud and Misrepresentation, “pump and dump” Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. May, 2012: Court Enters Final Judgment Against Defendants Philip Pritchard, Pietro Cimino and Global Development & Environmental Resources, Inc. The Securities and Exchange Commission recently announced that the United States District Court for the Middle District of Florida entered…