sec

SEC News: SEC Obtains Final Judgment Against Suburban Chicago Tech Executive, Gregory E. Webb

SEC v. Gregory E. Webb, et al., No. 11-CV-7152 (N.D. Ill. filed Oct. 11, 2011) WASHINGTON – The Securities and Exchange Commission has obtained a final judgment against the former Chairman and CEO of a company purportedly in the homeland security business. In October 2011, the SEC charged Gregory E. Webb, the Chairman and CEO … Continue reading SEC News: SEC Obtains Final Judgment Against Suburban Chicago Tech Executive, Gregory E. Webb

SEC News: SEC Charges Former New York Investment Advisor, Hector May and Daughter, Vania Bell, With Conducting a Ponzi Scheme

Washington D.C. – The Securities and Exchange Commission (SEC) today charged a former Rockland County, New York-based investment adviser and his daughter with conducting a multi-million dollar Ponzi scheme that defrauded local community members as well as members of their family and close friends. The SEC alleges that Hector May, an investment adviser representative and the president … Continue reading SEC News: SEC Charges Former New York Investment Advisor, Hector May and Daughter, Vania Bell, With Conducting a Ponzi Scheme

SEC News: SEC Halts Alleged Insider Trading Ring Spanning Three Countries

Securities and Exchange Commission v. Rajeshwar R. Gannamaneni, Deepthi Gandra, and Linga R. Gannamaneni, No. 18-CV-11390 (S.D.N.Y. filed December 6, 2018) WASHINGTON – The Securities and Exchange Commission (SEC) has filed insider trading charges against an IT contractor and two others he illegally tipped with confidential client information he stole while working in the Singapore branch … Continue reading SEC News: SEC Halts Alleged Insider Trading Ring Spanning Three Countries

SEC News: SEC Files Subpoena Enforcement in Possible Market Manipulation Scheme

Securities and Exchange Commission v. NVC Fund LLC and Frank Ekejija, No. 2:18-mc-00164 (C.D. Cal. filed November 30, 2018) WASHINGTON – The Securities and Exchange Commission (SEC) filed a subpoena enforcement action against NVC Fund LLC and its principal, Frank Ekejija, seeking an order directing them to comply with an investigative subpoena for documents and testimony. … Continue reading SEC News: SEC Files Subpoena Enforcement in Possible Market Manipulation Scheme

Business News: SEC Charges Owner of Options Trading Website for Defrauding Retail Investors

Securities and Exchange Commission v. Mark Suleymanov, No. 2:18-cv-06854 (E.D.N.Y. filed December 3, 2018) WASHINGTON – The Securities and Exchange Commission today charged Mark Suleymanov of Glen Cove, New York with engaging in an online binary options scheme that defrauded retail investors out of approximately $4 million. The SEC’s complaint alleges that from at least … Continue reading Business News: SEC Charges Owner of Options Trading Website for Defrauding Retail Investors

SEC News: SEC Charges Kentucky Man for Role in Nationwide Oil Investment Scheme

Securities and Exchange Commission v. Jared Gabriel Forrester, Civil Docket No. 4:18-cv-00283-RSB-JEG (S.D. Ga. filed November 30, 2018) WASHINGTON – The Securities and Exchange Commission charged a 35-year-old Kentucky man for his role in a scheme that resulted in the fraudulent offering and sale of at least $15 million of securities to more than 150 … Continue reading SEC News: SEC Charges Kentucky Man for Role in Nationwide Oil Investment Scheme

SEC News: SEC Obtains Final Judgement Against Steven A. Newman

SEC v. Zev Saltsman, et al., Civil Action No. 07-CV- 4370 (NGG) (E.D.N.Y.) (filed October 19, 2007) WASHINGTON – On November 9, 2018, the Honorable Nicholas G. Garaufis of the United States District Court for the Eastern District of New York entered a final judgment against defendant Steven A. Newman.  The final judgment imposes on … Continue reading SEC News: SEC Obtains Final Judgement Against Steven A. Newman

Alabama News: Securities Commission Announces “IARD System Fee Waiver for Investment Adviser Firms Reduced System Fees Continued for Investment Adviser Representatives

MONTGOMERY, AL – The Alabama Securities Commission today announced the waiver of the Investment Adviser Registration Depository (IARD) system fees for state-registered investment adviser firms and the continuation of substantially reduced initial set-up and annual system fees paid by investment adviser representatives (IARs). The IARD system is an Internet-based national database sponsored by the North American Securities Administrators Association … Continue reading Alabama News: Securities Commission Announces “IARD System Fee Waiver for Investment Adviser Firms Reduced System Fees Continued for Investment Adviser Representatives