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

Displaying 111-120 out of 175 results for "ERS".

SEC Litigation Releases: Week in Review - May 3rd, 2013

(May 2013)

Commission Obtains Temporary Restraining Order and Asset Freeze Against Massachusetts Man Who Defrauded Investors of At Least $5.5 Million
May 1, 2013, (Litigation Release No. 22694)
Earlier this week, the SEC obtained an asset freeze and temporary restraining order on Steven Palladino and his MA-based Viking Financial Group, Inc. in which he served as owner, president and vice president at various times. According to the SEC's complaint, Viking Financial Group raised almost $5.5 million from...

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

(Apr 2013)

SEC Announces Settlements with Cache Decker and David Decker in SEC V. Zufelt
April 23, 2013, (Litigation Release No. 22684)
A final judgment was entered against Cache D. Decker and David M. Decker, Jr. for their allegedinvolvementin "Ponzi schemes operated by Anthony C. Zufelt" through his company Zufelt, Inc. and Silver Leaf Investments, Inc. The final judgment orders the defendants to pay over $257,000 in disgorgement, pre-judgment interest, and penalties, as well as permanently enjoins...

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

(Apr 2013)

SEC Files Subpoena Enforcement Action Against Andrew Farmer and Iridium Capital, Ltd. for Failure To Produce Documents in Market Manipulation Investigation
April 18, 2013, (Litigation Release No. 22680)
Last week, the SEC filed a subpoena enforcement action against Andrew Farmer and Iridium Capital, Ltd. "According to the filing, the SEC is investigating possible market manipulation in connection with transactions in the securities of Chimera Energy Corporation." Subpoenas were issued last...

SEC Litigation Releases: Week in Review - April 12th, 2013

(Apr 2013)

Securities and Exchange Commission v. Glenn Hoppes, United States Energy Corp., TN-KY Development Fund LP, TN-KY Development Fund II LP and TN-KY Development Fund III LP
April 8, 2013, (Litigation Release No. 22669)
According to the complaint (opens to PDF), Glenn Hoppes and four companies he controls ("United States Energy Corp., TN-KY Development Fund LP, TN-KY Development Fund II LP, and TN-KY Development Fund III LP") fraudulently offered "unregistered investments in oil drilling projects"...

SEC Litigation Releases: Week in Review - April 5th, 2013

(Apr 2013)

SEC Obtains Final Judgment Against Former Chief Investment Officer ofGibraltarAsset Management Group, LLC
April 3, 2013, (Litigation Release No. 22665)
A final judgment was entered against Maurice G. Taylor in relation to charges that he collaborated with Garfield M. Taylor, Benjamin C. Dalley, Randolph M. Taylor, William B. Mitchell, and Jeffrey A. King in a "multi-million dollar Washington-area Ponzi scheme operated through Gibraltar Asset Management Group, LLC and Garfield Taylor, Inc." The...

SEC Litigation Releases: Week in Review - March 29th, 2013

(Mar 2013)

SEC Charges California-Based Hedge Fund Analyst and Two Others with Insider Trading
March 26, 2013, (Litigation Release No. 22660)
Hedge fund analyst, Matthew Teeple, has been charged by the SEC for allegedly trading on material non-public information regarding Brocade Communication Systems Inc.'s 2008 acquisition of Foundry Networks, Inc. According to the SEC, Teeple received the information from Foundry's chief information officer, David Riley, and then caused the "hedge fund advisory firm...

SEC Litigation Releases: Week in Review - March 22nd, 2013

(Mar 2013)

Fake Hedge Fund Manager Sentenced to 40 Months in Prison
March 20, 2013, (Litigation Release No. 22655)
Andrey C. Hicks was sentenced to "40 months in prison in connection with criminal charges...[of] committing wire fraud, attempting to commit wire fraud, and aiding and abetting wire fraud." Hicks was also "ordered to pay $2.3 million in restitution." In 2011, the SEC charged Hicks and his investment advisory firm, Locust Offshore Management, LLC, "with misleading prospective investors about...

SEC Litigation Releases: Week in Review - March 15th, 2013

(Mar 2013)

Court Orders Former Prudential Securities Broker to Pay Over $763,000 Related to Deceptive Mutual Fund Market Timing Practices
March 13, 2013, (Litigation Release No. 22643)
A final judgment was entered against Frederick J. O'Meally, a former registered representative of broker-dealer Prudential Securities Inc, for allegedly using "deceptive practices to evade blocks by mutual fund companies on his market timing trading." The judgment orders O'Meally to pay over $763,000 in disgorgement,...

SEC Litigation Releases: Week in Review - March 8th, 2013

(Mar 2013)

SEC Charges Robert Crane for Market Manipulation
March 7, 2013, (Litigation Release No. 22636)
According to the complaint (opens to PDF), in 2010 Robert Crane manipulated the market of two penny stocks: Argentex Mining Corporation and ERHC Energy Inc. The complaint charges Crane with violating sections of the Securities Act and Exchange Act. A court order was entered against him that permanently enjoins him from future violations of those laws and also imposes a penny stock bar against...

SEC Litigation Releases: Week in Review - March 1st, 2013

(Mar 2013)

Defendant Adam S. Rosengard Settles SEC Charges in Penny Stock Manipulation Case
February 27, 2013, (Litigation Release No. 22626)
A final judgment was entered this Monday against Adam S. Rosengard for his alleged involvement in a stock manipulation scheme. According to the SEC's original complaint, Pawel P. Dynkowski and other defendants manipulated the price of Xtreme Motorsports of California, Inc.'s stock through "wash sales, matched orders and other manipulative trading." Rosengard then...

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