In a recent development, the Securities and Exchange Commission (SEC) has initiated legal proceedings against Adam R. Long of Dorado, Puerto Rico, along with two companies under his ownership and control. The charges stem from their acquisition and sale of nearly 6 billion shares of microcap stock without registering as securities dealers with the SEC. [...]

In a recent development, the U.S. Securities and Exchange Commission (SEC) has taken legal action against convicted felon Stephone N. Patton and his associated companies, including Star Oil and Gas Company, Inc., North Gulf Energy Corporation, Inc., and Patton Farms, Inc. These entities, collectively referred to as "the Patton Entities," have been charged with a [...]

The Securities and Exchange Commission (SEC) has filed a complaint in the U.S. District Court for the Eastern District of Louisiana against Steven J. Jacobson, an investment adviser representative based in New Orleans. The complaint alleges that Jacobson engaged in fraudulent activities by orchestrating a cherry-picking scheme that harmed his advisory clients. Additionally, the complaint [...]

The Securities and Exchange Commission (SEC) has filed charges against a Utah resident, Christofer Shurian, and an entity under his control, Utah Regional Investment Fund, LLC ("URIF"), for perpetrating a fraudulent scheme. This scheme involved diverting millions of dollars of investor funds for personal use and to pay finder's fees instead of fulfilling the promised [...]

The Securities and Exchange Commission (SEC) has brought charges against Nano-X Imaging Ltd., an Israel-based diagnostic imaging company, and its former CEO, Ran Poliakine, for negligently misrepresenting the manufacturing cost of the company's flagship imaging device, the Nanox.ARC. Both Nanox and Poliakine have agreed to settle the charges laid out by the SEC. According to [...]

The Securities and Exchange Commission (SEC) has taken swift action by obtaining an emergency order to halt an alleged ongoing offering fraud and Ponzi-like scheme orchestrated by Zera Financial LLC (Zera) and its owner, Luis A. Romero. These entities have managed to amass over $2.2 million from approximately 170 investors. According to the SEC's complaint, [...]

The Securities and Exchange Commission (SEC) has filed charges against four individuals, including Anthony Viggiano, a former analyst at a prominent investment firm and later at an international investment bank, along with Christopher Salamone, Stephen A. Forlano, and Nathan Bleckley. These charges relate to insider trading activities in advance of several merger and acquisition transactions. [...]

The Securities and Exchange Commission (SEC) has taken action against Spruce Power Holding Corporation, based in Denver, which is the successor to XL Fleet Corp. The charges pertain to allegations of misleading investors with revenue projections that exceeded $1 billion within three years of the company's initial public offering. XL Fleet, a provider of hybrid [...]

The Securities and Exchange Commission (SEC) has taken action against Newell Brands Inc., a Georgia-based consumer products company, and its former CEO, Michael Polk, for allegedly providing misleading information to investors regarding Newell's core sales growth, which is a non-GAAP (Generally Accepted Accounting Principles) financial measure used to explain the company's underlying sales trends. Both [...]