Articles Posted in SEC Enforcement Actions

Penny Stock Fraud and Misreresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: In the Matter of Alvin C. Ramsey The Securities and Exchange Commission recently announced the issuance of an Order Making Findings and Imposing Remedial Sanctions against Respondent Alvin C. Ramsey (Ramsey) pursuant to Section 15(b) of the Securities Exchange…

Broker/Dealer and Investment Advisor Fraud, Mismanagement and Misrepresentation, FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: In the Matter of Delilah A. Proctor The Securities and Exchange Commission (SEC) announced the issuance of an Order Making Findings and Imposing Remedial Sanctions Pursuant to Section 15(b) of the Securities Exchange Act of 1934…

Affinity Securities Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. April, 2012: Royal West Properties, Inc. Founding Principal Sentenced In $135 Million Investor Fraud Recently, U.S. District Judge Kathleen Williams of the Southern District of Florida sentenced Gaston E. Cantens to five years’ imprisonment followed by three years of supervised…

Penny Stock Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: Commission Bars Peter Emrich, Frank Rossi, And Dana Valensky from Association with any Broker, Dealer, Investment Adviser, Municipal Securities Dealer, or Transfer Agent and From Participating in any Offering of a Penny Stock Recently, the Securities and Exchange…

Day Trading and Exchange Traded Funds Investment Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: Commission Charges South Florida Man in Investment Fraud Scheme The Securities and Exchange Commission recently charged that a South Florida investment manager defrauded investors by making false claims about his investment track record…

Broker/Dealer, Investment Advisor and Hedge Fund Fruad, Misrepresentation and Mismanagement Litigation and FINRA Arbtration Attorney, Russell L. Forkey, Esq. April, 2012: Commission Freezes Accounts of Six Chinese Citizens and One Offshore Entity Charged with Insider Trading The SEC recently announced that it has obtained a court-ordered freeze of the assets of six Chinese citizens and…

Hedge Fund and Investment Advisor Fraud and Mismanagement Litigation and FINRA Arbitration Lawyer, Russell L. Forkey, Esq. April, 2012: SEC v. Pentagon Capital Management PLC et al., 08 CIV 03324 (RWS) (S.D.N.Y.) COURT ENTERS $98.6 MILLION FINAL JUDGMENT AGAINST U.K. HEDGE FUND ADVISER PENTAGON CAPITAL MANAGEMENT PLC AND ITS CEO LEWIS CHESTER Recently, United States…

Broker/Dealer, Investment Advisor and Hedge Fund Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. Quorne Limited and Michael Sarkesian, 10-cv-9560 (GBD) (S.D.N.Y) BRITISH VIRGIN ISLANDS CORPORATION AND RESIDENT OF SWITZERLAND SETTLE CHARGES OF INSIDER TRADING IN THE OPTIONS OF INTERMUNE, INC. The Securities and…

Municipal Bond Fraud and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. July, 2011: SEC Charges J. P. Morgan Securities with Fraudulent Bidding Practices Involving Investment of Municipal Bond Proceeds J.P. Morgan to Pay $228 Million to Settle Charges By SEC, Others The Securities and Exchange Commission recently charged J.P. Morgan Securities LLC…

Internet Fraud, Misrepresentation and Mismanagement Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. Matthew J. Gagnon, Civil Action No. 10-cv-11891 (E.D. fMichigan, filed May 11, 2010) SEC Obtains Summary Judgment against Serial Fraudster Matthew J. Gagnon The Securities and Exchange Commission announced today that on March 22,…