SEC Enforcement Actions 2014

Steve Chen and USFIA Inc. – Fort Lauderdale, Florida Securities and Investment Fraud Litigation and Arbitration Attorney

Published on: October 11, 2015 | By Russell L. Forkey, P.A.

Steve Chen and USFIA Inc. – South Florida, including Fort Lauderdale, Pompano Beach, Deerfield Beach and Boynton Beach, Securities and Investment Fraud Litigation and Arbitration Attorney

SEC Halts $32 Million Scheme That Promised Riches From Amber Mining

The Securities and Exchange Commission recently announced it has filed fraud charges and obtained asset freezes against the operator of a worldwide pyramid scheme that falsely promised investors would profit from a venture purportedly backed by the company’s massive amber holdings.

Efstratios D. Argyropoulos and Prima Capital Group, Inc. – Boca Raton, Florida Stock Promoter Fraud and Misrepresentation Attorney

Published on: December 28, 2014 | By Russell L. Forkey, P.A.

Efstratios D. Argyropoulos and Prima Capital Group, Inc. – Boca Raton, Florida Stock Promoter Fraud and Misrepresentation Attorney

Securities and Exchange Commission v. Efstratios “Elias” D. Argyropoulos and Prima Capital Group, Inc., Civil Action No. 2:14-cv-09800 (C.D. Cal.)

SEC Charges Stock Promoter with Fraudulent Scheme Related to Pre-IPO Facebook and Twitter Shares

Oil and Gas Offering Fraud – Fraudulent Stock Manipulation – False and Misleading Press Releases

Published on: December 15, 2014 | By Russell L. Forkey, P.A.

Boca Raton, Florida – Oil and Gas Offering Fraud – Fraudulent Stock Manipulation – False and Misleading Press Releases

SEC Charges New Orleans Oil-And-Gas Company with Fraudulent Stock Manipulation

Securities and Exchange Commission v. Treaty Energy Corporation, et al., Civil Action No. 4:14-cv-00812 (E.D. Tex., filed December 15, 2014)

Boca Raton, Florida Investment and Securities Fraud Litigation and Arbitration Attorney

Published on: December 10, 2014 | By Russell L. Forkey, P.A.

Boca Raton, Florida Hedge Fund, Securities and Investment Fraud and Breach of Fiduciary Duty Litigation and Arbitration Attorney:

SEC Announces Fraud Charges Against Buffalo-Based Firm and Co-Owners Accused of Misleading Investors in Hedge Fund

Hedge Fund’s Portfolio Manager Agrees to Settle Charges

Fraudulent News Letters Used In Pump-and-Dump Schemes – Boca Raton, Florida Investment and Penny Stock Litigation Attorney

Published on: December 2, 2014 | By Russell L. Forkey, P.A.

Fraudulent News Letters Used In Pump-and-Dump Schemes – Boca Raton, Florida Investment and Penny Stock Litigation Attorney

SEC Charges Three Penny Stock Promoters Behind Pump-and-Dump Schemes

The Securities and Exchange Commission recently charged three penny stock promoters with conducting pump-and-dump schemes involving stocks they were touting in their supposedly independent newsletters.

Boca Raton, Florida Preferred Stock and Limited Partnership Fraud and Misrepresentation Attorney

Published on: November 28, 2014 | By Russell L. Forkey, P.A.

Boca Raton, Florida Preferred Stock and Limited Partnership Fraud and Misrepresentation Attorney:

SEC Charges Principals of a Texas Oil and Gas Company with Conducting a Fraudulent Offering of Preferred Stock and Limited Partnership Interests, and Charges Seller with Acting as an Unregistered Broker

Securities and Exchange Commission v. Paul R. Downey, et al., Civil Action No. 1:14-CV-00185-C (N.D. Tex. Abilene Division)

False and Misleading Press Releases and Marketing Material – Boca Raton, Florida FINRA Arbitration and Litigation Attorney

Published on: November 24, 2014 | By Russell L. Forkey, P.A.

False and Misleading Press Releases and Marketing Material (Pump and Dump) – Boca Raton, Florida FINRA Arbitration and Litigation Attorney

SEC Charges Penny Stock Company Executives in New Jersey With Issuing False Press Releases to Inflate Stock Price

The Securities and Exchange Commission recently charged father-and-son executives at a New Jersey-based penny stock company for issuing false and misleading press releases while secretly selling thousands of their own stock shares into the market. They agreed to pay nearly $325,000 and accept officer-and-director bars to settle the SEC’s charges.

Fraudulent Day Trading Scheme – Boca Raton, Florida Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney

Published on: November 19, 2014 | By Russell L. Forkey, P.A.

Boca Raton, Florida – Fraudulent Day Trading Scheme FINRA Arbitration and Litigation Attorney:

SEC Charges Unregistered Broker in Tampa Area With Stealing From Investors in Fraudulent Day Trading Scheme

The Securities and Exchange Commission recently charged an unregistered broker living outside Tampa, Fla., with stealing investor funds as part of a fraudulent day trading scheme.

SEC Charges Business Owner and Stockbroker in Real Estate Offering Fraud

Published on: November 14, 2014 | By Russell L. Forkey, P.A.

Boca Raton, Florida Real Estate Investment and Offering Fraud FINRA Arbitration and Litigation Attorney:

SEC Charges Business Owner and Stockbroker in Maryland-Based Real Estate Offering Fraud

The Securities and Exchange Commission today charged the owner of a Maryland-based real estate company with conducting an offering fraud and spending investor money on such personal expenses as his mortgage, country club dues, and season tickets to the Baltimore Ravens. The agency also charged a former stockbroker for participating in the scheme.

Boca Raton, Florida Misappropriation and Theft Litigation and Arbitration Attorney

Published on: October 19, 2014 | By Russell L. Forkey, P.A.

Boca Raton, Florida Misappropriation and Theft Litigation and Arbitration Attorney:

Securities and Exchange Commission v. Dennis F. Wright, Civil Action No. 1:14-cv-01896-SHR (M.D. Pa)

Final Judgment and Administrative Order Entered Against Pennsylvania-Based Registered Representative Who Stole Funds from Customers