The U.S. District Court for the Southern District of New York issued a final judgment against Canadian resident George Stubos. In June 2022, the SEC filed charges against Stubos for his involvement in a deceptive scheme revolving around multiple microcap companies. As part of the judgment, Stubos has been ordered to pay in excess of [...]

The Securities and Exchange Commission (SEC) has taken legal action against Dharma Teja Nukarapu, a resident of Apex, North Carolina, and India, along with the healthcare software development firm he controlled, SharkDreams, Inc. Additionally, D Dollar Inc. is implicated for its role in soliciting investor funds that were later misappropriated by Nukarapu. As per the [...]

The Securities and Exchange Commission (SEC) announced today that Esos Rings, Inc., and its principal, Michelle Silverstein aka Michelle Silverstein Bisnoff, have reached a settlement regarding charges of defrauding investors by selling Esos stock based on false and misleading statements about Esos's business, as well as operating a Ponzi-like scheme. According to the SEC's complaint, [...]

The Securities and Exchange Commission (SEC) has taken legal action against Virtu Americas LLC, a broker-dealer, and its parent company, Virtu Financial Inc. (collectively referred to as Virtu), for allegedly making materially false and misleading statements and omissions concerning their information barriers meant to prevent the misuse of sensitive customer data. As detailed in the [...]

Today, the Securities and Exchange Commission (SEC) has taken action by announcing charges against five investment advisers for their failure to comply with regulations pertaining to the safeguarding of client assets. Additionally, three of these firms have been charged with the untimely updating of SEC disclosures related to audits of financial statements for their private [...]

The Securities and Exchange Commission (SEC) has taken action against Prime Group Holdings LLC, a private equity firm that specializes in alternative real estate asset classes. The SEC has charged Prime Group for its failure to provide adequate disclosure regarding substantial real estate brokerage fees paid to a brokerage firm owned by its CEO. As [...]

The Securities and Exchange Commission (SEC) has taken legal action against Jeremy Koski, a resident of Hawaii, on charges of securities fraud. This legal action pertains to Koski's manipulation of the trading market involving structured equity securities linked to certain J.C. Penney Company, Inc. debentures, which are traded over the counter under the symbol COTRP. [...]

On August 25, 2023, the Securities and Exchange Commission (SEC) took legal action against Deyonte Jahtori Anthony, a 23-year-old resident of Concord, North Carolina. Anthony has been charged with orchestrating a fraudulent "free-riding" scheme, during which he engaged in the purchase of securities valued at almost $200,000 without making the necessary payments for them. As [...]

The Securities and Exchange Commission has taken legal action by filing a complaint against Brady Speers, Chatree “Ben” Thiranon, and GHAP, LLC, operating under the name Blue Star Texas (“Blue Star”). This action is in response to their alleged operation of a deceptive house-flipping scheme that managed to amass nearly $8 million from around 40 [...]