Articles Posted in SEC Enforcement Actions

Investment Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. May, 2012: Securities and Exchange Commission v. Usee, Inc., et al, Case No. 3:12-cv-01325-M (N.D.Tex.) (filed April 30, 2012) SEC CHARGES VOIP COMPANY AND ITS OWNERS WITH CONDUCTING A FRAUDULENT OFFERING TARGETING CHRISTIAN INVESTORS Recently, the Securities and Exchange Commission filed settled…

Investment Advisor Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. May, 2012: Securities and Exchange Commission v. Locke Capital Management, Inc. and Leila C. Jenkins, Civil Action No. 09-CV-100-WES (D.R.I.) COURT DISMISSES APPEAL OF LEILA C. JENKINS, OWNER OF INVESTMENT ADVISER LOCKE CAPITAL MANAGEMENT, INC. The Securities and Exchange Commission recently…

Mutual Benefits Corp. May, 2012: Securities and Exchange Commission v. Michael J. McNerney, Civil Action No. 1:12-cv-21627 SEC FILES CHARGES AGAINST FORMER ATTORNEY FOR MUTUAL BENEFITS The Securities and Exchange Commission recently announced that it filed a complaint against Defendant Michael J. McNerney, charging him with violations of the federal securities laws arising from his…

Investment Advisor Fraud and Misrepresentation Attorney FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. May, 2912: Securities and Exchange Commission v. RKC Capital Management, LLC, RKC Capital, LLC, and Russell K. Cannon, Case No. 2:12-cv-00408-BCW (USDC Utah, filed April 30, 2012) SEC FILES INJUNCTIVE ACTION AGAINST INVESTMENT ADVISERS RKC CAPITAL MANAGEMENT, LLC, RKC CAPITAL…

Penny Stock Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. May, 2012: SEC v. Christel S. Scucci, et al., Case No. 6:12-646-ORL-37-KRS (M.D. Fla.) SEC CHARGES ATTORNEY AND CLIENTS IN SCHEME TO UNLAWFULLY SELL BILLIONS OF PENNY-STOCK SHARES Recently, the Securities and Exchange Commission charged a mother-and-daughter pair and their attorney…

Mutual Fund Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. UBS Financial Services Inc. of Puerto Rico: May, 2012: The Securities and Exchange Commission recently charged UBS Financial Services Inc. of Puerto Rico and two executives with making misleading statements to investors, concealing a liquidity crisis, and masking its control of…

South Florida Stock Fraud: May, 2012: SEC Charges Florida Stock Scheme Mastermind and 10 Cohorts The Securities and Exchange Commission recently charged a Florida man and 10 cohorts involved in two separate schemes to illegally sell stock, including one that sought to capitalize on circumstances in Haiti following the earthquake that destroyed much of the…

Broker/Dealer and Investment Advisor Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: SEC v. Allen E. Weintraub and AWMS Acquisition, Inc., d/b/a Sterling Global Holdings, Case No. 11-21549-CIV-HUCK/BANDSTRA (S.D.Fla.) SEC OBTAINS AN ASSET FREEZE AND OTHER RELIEF AGAINST ALLEN WEINTRAUB TO HALT HIS FRAUDULENT SCHEME OF PURPORTEDLY SELLING PRE-IPO…

Investment Advisor and Broker/Dealer Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: Securities and Exchange Commission v. Option One Mortgage Corporation n/k/a Sand Canyon Corporation, United States District Court for the Central District of California, Civil Action No. SACV-12-633 JST (MLGx) (C.D. Cal.) SEC CHARGES H&R BLOCK SUBSIDIARY OPTION…

Broker/Dealer and Investment Advisor Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: Securities and Exchange Commission v. Matthew H. Kluger and Garrett D. Bauer, Case No. 11-cv-1936 (D.N.J. April 6, 2011) (KSH-PS); Securities and Exchange Commission v. Kenneth T. Robinson, Case No. 12-cv-2438 (D.N.J. April 25, 2011) (KSH-PS) ATTORNEY,…