Articles Posted in SEC Enforcement Actions

Account Executive and Registered Representative Fraud and Mismanagement FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. Rajnish K. Das and Stormy L. Dean, Civ. No. 8:10-CV-00102 (D. Nebraska). JURY RETURNS VERDICT OF LIABILITY ON ALL CLAIMS AGAINST TWO FORMER CFO’S OF INFOUSA, INC, RAJNISH K. DAS AND…

Pump and Dump Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Prime Star Group, Inc. SEC Charges CEO of Las Vegas-Based Penny Stock Company and Several Consultants in Pump-and-Dump Scheme The Securities and Exchange Commission recently charged a Las Vegas-based food and beverage company and its CEO with conducting…

Account Executive and Stock Broker Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. Timothy J. McGee, et al., Civil Action No. 12-cv-1296 (RBS) (E.D.Pa.) SEC CHARGES FIVE WITH INSIDER TRADING ON CONFIDENTIAL MERGER NEGOTIATIONS BETWEEN PHILADELPHIA COMPANY AND JAPANESE FIRM The Securities and…

Stock Broker Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. Thomas C. Hardin and Lanexa Management, LLC, Civil Action No. 10-CV-8599 (S.D.N.Y.) (RJS) Lanexa Management LLC Agrees Disgorge $746,797 in Insider Trading Profits The U.S. Securities and Exchange Commission recently announced that on…

Investment Fund and Investment Advisor Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. Frank Mazzola et al., CV-12-1258 EDL (U.S. District Court for the Northern District of California, filed March 14, 2012) SEC BRINGS CHARGES IN CONNECTION WITH SECONDARY MARKET TRADING OF PRIVATE…

Investment Advisor and Broker/Dealer Fraud, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Attorney Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. Brian Raymond Callahan, Horizon Global Advisors Ltd. and Horizon Global Advisors, LLC, (United States District Court for the Eastern District of New York, Civil Action No. 12-CV-1065) SEC CHARGES NEW YORK…

Broker/Dealer and Investment Advisor Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Judge Orders Brookstreet CEO to Pay $10 Million Penalty in SEC Case The Securities and Exchange Commission recently announced that a federal judge has ordered the former CEO of Brookstreet Securities Corp. to pay a maximum…

Securities Fraud, Misrepresentation and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. Mark A. Jackson and James J. Ruehlen, Civil Action No. 4:12-cv-00563 (S.D. Tex. filed February 24, 2012) Securities and Exchange Commission v. Thomas F. O’Rourke, Civil Action No. 4:12-cv-00564 (S.D. Tex. filed February 24,…

Investment Advisor and Broker/Dealer Fraud, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. Neal R. Greenberg, Civ. Action No. 1:11-cv-00313-JLK (D. CO) COURT ENTERS ORDER AMENDING FINAL JUDGMENT AGAINST AGILE GROUP FOUNDER AND HEAD PORTFOLIO MANAGER NEAL R. GREENBERG Recently, the U.S. Securities and…

Securities Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. Larry Goldstone, Clarence Simmons, and Jane Starrett, Case 1:12-cv-00257 (D.N.M.) SEC Files Civil Injunctive Action Against Senior Management of Thornburg Mortgage, Inc. for Alleged Fraudulent Overstatement of Thornburg’s Income Recently, the Securities and Exchange…