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Our experts frequently write blog posts about the findings of the research we are conducting.

Displaying 91-100 out of 175 results for "ERS".

SEC Litigation Releases: Week in Review - September 20th, 2013

(Sep 2013)

Court Enters Final Judgment by Consent Against SEC Defendant Roland Kaufmann
September 19, 2013, (Litigation Release No. 22802)
Yesterday the US District Court for the Eastern District of New York entered a final judgment against Roland Kaufman. The judgment bars Kaufman from participating in penny stock offerings and from serving as a director or officer of a public company. The judgment stems from a July 2012 SEC complaint that allegedAxius, Inc., Jean-Pierre Neuhaus, and Roland Kaufmann...

SEC Litigation Releases: Week in Review - September 13th, 2013

(Sep 2013)

SEC Charges Atlanta-Based Investment Adviser Representative with Securities Fraud
September 12, 2013, (Litigation Release No. 22797)
Earlier this week, the SEC chargedPaul Marshall, Bridge Securities, LLC, Bridge Equity, Inc. and FOGFuels, Inc. with misappropriation of client funds as well as violations of Securities Exchange Act of 1934, the Securities Act of 1933 and the Investment Advisers Act of 1940. The SEC alleges that over the past two years, Marshall has misappropriated "at least $2...

SEC Litigation Releases: Week in Review - September 6th, 2013

(Sep 2013)

SEC Charges Perpetrator of Fraudulent Free-Riding and Securities Offering Schemes
September 3, 2013, (Litigation Release No. 22791)
According to the complaint, Ronald Feldstein and his entities, Mara Capital Management LLC and Vita Health of America LLC, "engaged in illegal free-riding by purchasing stock" through broker-dealers to whom Feldstein portrayed himself as a money manager. The alleged "free-riding" scheme resulted in "over $2 million in losses" to the broker-dealers. Additionally,...

SEC Litigation Releases: Week in Review - August 30th, 2013

(Aug 2013)

SEC Charges Oklahoma Investment Adviser and Cohort with Fraud
August 27, 2013, (Litigation Release No. 22789)
According to the complaint, former investment adviser Larry J. Dearman, Sr. "invested his clients in various businesses that" his close friend, Marya Gray, "owned in Bartlesville, Oklahoma." According to the SEC, Dearman and Gray misled investors "about the safety of the investments and how their funds would be used, telling them, for instance, that investor funds would be used to...

SEC Litigation Releases: Week in Review - August 23rd, 2013

(Aug 2013)

SEC Settles Claims Against Ebrahim Shabudin Arising from Understated Bank Losses During Financial Crisis
August 22, 2013, (Litigation Release No. 22786)
Earlier this month, the SEC's claims against Ebrahim Shabudin (the former Chief Operating Officer of UCBH Holdings, Inc.) were settled. The SEC "alleges Mr. Shabudin and other defendants concealed losses on loans and other assets from the bank's auditors and delayed the proper reporting of those losses." To settle the charges, Shabudin has...

SEC Litigation Releases: Week in Review - August 16th, 2013

(Aug 2013)

SEC Obtains Final Judgment Against Conrad M. Black
August 15, 2013, (Litigation Release No. 22781)
According to the complaint, Conrad M. Black, former Chief Executive Officer of Hollinger International, Inc., "fraudulently diverted money from Hollinger International to himself and other corporate insiders in the form of purported non-competition payments in the PMG Acquisition and Forum Communications Company newspaper sale transactions." Additionally, Black allegedly "made misstatements and...

SEC Litigation Releases: Week in Review - August 9th, 2013

(Aug 2013)

SEC Obtains Asset Freeze and Other Relief in $4 Million Offering Fraud
August 8, 2013, (Litigation Release No. 22774)
According to the complaint, Steven B. Heinz and his company S.B. Heinz & Associates, Inc. orchestrated an offering fraud and $4 million Ponzi scheme since January of 2012. According to the complaint, "Heinz [paid] 'returns' to earlier investors using new investor funds, used investor funds for his own personal purposes and...S.B. Heinz used investor funds to pay business...

SEC Litigation Releases: Week in Review - August 2nd, 2013

(Aug 2013)

SEC Obtains Preliminary Injunction in Binary Options Case
August 1, 2013, (Litigation Release No. 22767)
A preliminary injunction was entered against Banc de Binary Ltd. which enjoins it from offering or selling unregistered securities and acting as an unregistered broker. The SEC filed a complaint in June that charged Banc de Binary with "offering and selling binary options to investors across the U.S. without first registering the securities" and also acting as an unregistered broker. For...

SEC Litigation Releases: Week in Review - July 26th, 2013

(Jul 2013)

SEC Charges Former Portfolio Manager At SAC Capital with Insider Trading
July 25, 2013, (Litigation Release No. 22761)
This week the SEC charged Richard Lee, a former portfolio manager at SAC Capital Advisors, with insider trading "ahead of public announcements about a Microsoft-Yahoo partnership and the acquisition of 3Com Corporation by Hewlett-Packard." Lee's alleged insider trading caused "the S.A.C. Capital hedge fund that he managed to generate more than $1.5 million in illegal profits."...

SEC Litigation Releases: Week in Review - July 19th, 2013

(Jul 2013)

Court Finds Massachusetts-Based Viking Financial Group, Inc. and its Owner Steven Palladino Liable for Violations of the Securities Laws
July 18, 2013, (Litigation Release No. 22752)
The federal district court in Massachusetts "held that...Steven Palladino, and his...company, Viking Financial Group, Inc., committed securities fraud." According to the SEC, "since April 2011, Palladino and Viking falsely promised at least 33 investors that their money would be used to conduct the business of...

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