Articles Posted in SEC Enforcement Actions

Broker/Dealer and Investment Advisor Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: Securities and Exchange Commission v. Garth R. Peterson, Case No. CV 12-2033 (E.D.N.Y)(JBW) (filed April 25, 2012) SEC CHARGES FORMER MORGAN STANLEY EXECUTIVE WITH FCPA VIOLATIONS AND INVESTMENT ADVISER FRAUD The Securities and Exchange Commission recently charged…

Broker/Dealer and Investment Advisor Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: SEC Charges OX Trading, OptionsXpress, and Former CFO with Registration Violations The Securities and Exchange Commission recently charged a Chicago-based securities dealer affiliated with online brokerage firm optionsXpress, Inc. with violating the registration provisions of the…

Broker/Dealer and Investment Advisors Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: In the Matter of MidSouth Capital, Inc. and Mark D. Hill Recently, the Commission an Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Section 203(f)…

Broker/Dealer and Investment Advisor Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: Securities and Exchange Commission v. Provident Capital Indemnity, Ltd., Minor Vargas Calvo, Jorge L. Castillo, and Relief Defendant Desarrollos Comerciales Ronim, S.A., Civil Action No. 3:11-cv-045 (E.D. Va. Jan. 19, 2011) SEC ANNOUNCES ENTRY OF CONSENT JUDGMENT…

Unregistered Investment Advisor and Broker/Dealer Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: Charges optionsXpress and Five Individuals Involved in Abusive Naked Short Selling Scheme The Securities and Exchange Commission recently charged an online brokerage and clearing agency specializing in options and futures as well as four officials at…

Unregistered Investment Advisor and Broker/Dealer Investment Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: SEC v. Petr Murmylyuk, Civil Action No. 12-cv-2272-CCC (D.N.J.) SEC Charges Petr Murmylyuk with Fraudulent Brokerage Account Intrusion Scheme The Securities and Exchange Commission recently announced that it filed a civil action in the United…

Penny Stock Fraud and Misrepresentation Litigation and FINRA Arbitration Lawyer, Russell L. Forkey, Esq. April, 2012: SEC v. Phillip W. Offill, Jr., et al., Civil Action No. 07-CV-1643-D (N.D. Tex. filed Sept. 26, 2007) PENNY STOCK PROMOTERS ENJOINED AND BARRED The United States Securities and Exchange Commission (Commission) recently announced that the Honorable Sidney A.…

Federal Securities Law Fraud and Misrepresentation Litigation and Arbitration Attorney, Russell L. Forkey, Esq. April, 2012: Former Gateway CFO Settles SEC Fraud Action Recently, a final judgment was entered against John J. Todd, a former CFO of Gateway, Inc. Todd consented to entry of the final judgment without admitting or denying the allegations made by…

Unregistered Investment Advisor Fraud and Misrepresentation Litigation and Arbitration Attorney, Russell L. Forkey, Esq. April, 2012: In the Matter of Brian J. Smart Recently, the Securities and Exchange Commission issued an Order Instituting Administrative Proceedings Pursuant to Section 203(f) of the Investment Advisers Act of 1940 and Notice of Hearing (Order) against Brian J. Smart…

SEC v. Michael Anthony Gonzalez, United States District Court for the Central District of California, Case No. 12-03319 SJO (PLAx) (filed April 17, 2012) Municipal Bond Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: SEC CHARGES LOS ANGELES-BASED PERPETRATOR FOR MUNICIPAL BOND FRAUD SCHEME The Securities and Exchange…