Securities and Exchange Commission

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

Securities and Exchange Commission News: Kurt Gottschall Named Director of Denver Office

Washington D.C. – The Securities and Exchange Commission today announced that Kurt L. Gottschall has been named Director of the Denver Regional Office. Mr. Gottschall began working in the Division of Enforcement in the Denver office in 2000 as a staff attorney before becoming a Branch Chief in 2003 and an Assistant Regional Director in 2010.  … Continue reading Securities and Exchange Commission News: Kurt Gottschall Named Director of Denver Office

SEC News: SEC Announces Settlement in Fraud Case Against Former Investment Adviser, Cornelius Peterson

Securities and Exchange Commission v. James S. Polese, et al., Civil Action No. 18-cv-10186 (D. Mass., filed January 31, 2018) WASHINGTON – The Securities and Exchange Commission (SEC) announced today the entry of a final judgment against Cornelius Peterson, a former investment adviser at a large financial institution who was charged with misappropriating client funds. … Continue reading SEC News: SEC Announces Settlement in Fraud Case Against Former Investment Adviser, Cornelius Peterson

SEC News: SEC Brings Additional Charges in New York Boiler Room Scheme Targeting Seniors

Securities and Exchange Commission v. Mark Burnett, Jeffrey Miller, Christian Romandetti, Frank Sarro, Anthony Vassallo, and Elite Stock Research, Inc., No. 18-cv-06501 (E.D.N.Y. filed Nov. 15, 2018) WASHINGTON – The Securities and Exchange Commission (SEC) today brought additional charges against a Long Island, New York-based boiler room previously sued for defrauding elderly and unsophisticated investors.  The … Continue reading SEC News: SEC Brings Additional Charges in New York Boiler Room Scheme Targeting Seniors

SEC News: SEC Charges Giga Entertainment Media, Former Officers and Directors With Fraud in Pay-For-Download Campaign

Washington D.C. – The Securities and Exchange Commission today charged Giga Entertainment Media Inc. and five of its former officers and directors—Gary Nerlinger, Jarret Streiner, Lawrence Silver, Alfred Colucci, and Charles Noska—with fraud in connection with a scheme to mislead investors. According to the SEC’s complaint, between February and August 2016, the company bought at least … Continue reading SEC News: SEC Charges Giga Entertainment Media, Former Officers and Directors With Fraud in Pay-For-Download Campaign