Articles Posted in SEC Enforcement Actions

April, 2012: Securities and Exchange Commission v. Kenneth A. Dachman, et al., 1:12-cv-00821 (N.D. Illinois) (filed on February 6, 2012). GLENCOE, ILLINOIS RESIDENT KENNETH A. DACHMAN ORDERED TO PAY OVER $2 MILLION FOR MISAPPROPRIATION AND OFFERING FRAUD Recently, Judge Virginia M. Kendall of the United States District Court for the Northern District of Illinois entered…

April, 2012: SEC v. Spyridon Adondakis et al., Civil Action 12-CV-0409 (SDNY)(HB) SEC Obtains Final Judgments on Consent against Diamondback Capital Management LLC The SEC recently announced that the Honorable Harold Baer, Jr., United States District Judge, United States District Court for the Southern District of New York, entered a Final Judgment on Consent as…

Securities Fraud and Misrepresentation Litigation and Arbitration Attorney, Russell L. Forkey, Esq. April, 2012: United States v. Robert Stinson, Jr., Case No. 2:10-cr-00724-MMB (E.D. Pa.) Robert Stinson, Jr. Sentenced to 33 Years in Prison and Ordered to Pay $14 Million in Restitution for Orchestrating Multimillion Dollar Ponzi Scheme The Securities and Exchange Commission recently announced…

April, 2012: Broker/Dealer, Investment Advisor and Hedge Fund Fruad, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. Former Syntax-Brillian Corp. Chief Executive Officer Ordered to Pay More Than $11 Million For Insider Trading and Financial Fraud On April 4, 2012, Judge Susan R. Bolton of the United States District Court for…

April, 2012 Hedge Fund, Broker/Dealer and Investment Advisor Fraud, Misrepresentation and Misrepresentation Lawyer, Russell L. Forkey, Esq. SEC Files Settled Charges Against Silicon Valley Man in Connection With Offering Fraud, Revokes US Registration of Securities of His Company The United States Securities and Exchange Commission today announced two enforcement actions arising from a $7 million…

April, 2012: Broker/Dealer, Hedge Fund and Investment Fraud, Misrepresentation and Mismanagement FINRA Abitration and Litigation Attorney, Russell L. Forkey, Esq. SEC v. Aragon Capital Advisors LLC, et al. The U.S. District Court for the Southern District of New York (Hon. Frank Maas) signed a consent judgment on April 4, 2012 requiring Defendants in the Securities…

Broker/Dealer and Investment Advisor Fraud, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: In the Matter of Kenneth E. Marsh et al. An Administrative Law Judge has issued an Order Making Findings and Imposing Sanctions by Default (Default Order) in Kenneth E. Marsh, Admin. Proc. No. 3-14653. The Securities…

Hedge Fund, Investment Advisor and Broker/Dealer Fraud and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: In the Matter of Grant M. Carroll The Commission announced the issuance of an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions…

Broker/Dealer and Investment Advisor Fraud, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: In the Matter of Bryan N. Polozola, CPA On April 4, 2012, the Commission announced the issuance of an Order of Suspension Pursuant to Rule 102(e)(2) of the Commission’s Rules of Practice against Bryan N. Polozola,…

Broker/Dealer Fraud, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: In the Matter of Scott A. Wolf Recently, the Securites and Exchange Commission issued an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions against Scott A.…