Articles Posted in SEC Enforcement Actions

Unregistered Sale of Securities Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. David L. Marion and International Rarities Holdings, Inc., Civil Action No. 12-cv-00749 (D. Minn., filed March 26, 2012) SEC Charges Operator of Gold Coin Firm with Conducting Fraudulent Securities Offering The Securities and Exchange Commission today announced that…

Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. John M. Cinderey, Civil Case No. CV-12-1519 (N.D. Cal.) SEC FILES SETTLED CHARGES AGAINST FORMER BANK EXECUTIVE WHO MISLED AUDITORS The Securities and Exchange Commission today charged a former bank employee with misleading the bank’s independent…

Broker/Dealer and Investment Advisor Fraud and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. Wells Fargo & Company, Civil Action No. CV-1280087 CRB Misc. (N.D. Cal. March 23, 2012) SEC Files Subpoena Enforcement Action Against Wells Fargo for Failure to Produce Documents in Mortgage-Backed Securities Investigation…

Hedge Fund Fraud and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. Andrey C. Hicks and Locust Offshore Management, LLC, as Defendants, and Locust Offshore Fund, Ltd., as Relief Defendant (United States District Court for the District of Massachusetts, Civil Action No. 1:11-cv-11888-RGS) Court Orders Purported…

Investment Advisor and Broker/Dealer Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: SEC v. Andrew Franz, Civil Action No. 5:12-cv-0064 (N.D. Ohio) (J. Pearson) The Securities and Exchange Commission (“Commission”) recently announced the filing of a complaint alleging fraud charges against Andrew Franz (“Franz”), a resident of Aurora,…

Investment Advisor and Broker/Dealer Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: SEC v. Ming Zhao and Liping Zhu, Civ. No. 12-CV-1316 SEC Charges Chairman and Ex-CEO of Puda Coal With Fraud Recently, the Securities and Exchange Commission filed a civil injunctive action in the United States District…

Registered Representative and Account Executive Fraud, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. United American Ventures, LLC, et al, Civ. No. 10-cv-568-JCH/LFG (D. New Mexico). COURT ORDERS TWO OFFICERS OF UNITED AMERICAN VENTURES TO PAY $1 MILLION PENALTIES AND $8.5 MILLION IN DISGORGEMENT…

Registered Representative and Account Executive Fraud and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. William F. Duncan, United States District Court for the Central District of California, Civil Action No. CV 12-1785 R (AGRx). Securities and Exchange Commission v. John M. Williams, United States District…

Account Executive and Registered Representative Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Laywer, Russell L. Forkey, Esq. March, 2012: SEC v. Marleen Jantzen and John Jantzen, 1:10-cv-00740-JRN (W.D. Tex. [Austin Div.]) COURT ENTERS SUMMARY JUDGMENT AGAINST INSIDER TRADING DEFENDANTS JOHN JANTZEN AND WIFE, MARLEEN JANTZEN Recently, United States District Judge James R. Nowlin of…

FINRA Arbitration and Securities Fraud Litigation Attorney Russell L. Forkey, Esq. March, 2012: SEC has Announced Charges from its Investigation of Secondary Market Trading of Private Company Shares The Securities and Exchange Commission recently charged two managers of private investment funds established solely to acquire the shares of Facebook and other Silicon Valley firms with…