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 [...]

The Securities and Exchange Commission has recently brought forward allegations against William V. Conn, Jr., who is a certified public accountant hailing from Sandy Springs, Georgia. These charges stem from his involvement in a Ponzi scheme orchestrated by John Woods. Woods utilized an investment vehicle he established and controlled, known as Horizon Private Equity, III, [...]

The Securities and Exchange Commission has officially disclosed the resolution of cease-and-desist proceedings involving Citigroup Global Markets Inc. (CGMI), a prominent broker-dealer. The company has settled with the SEC over deliberate violations of recordkeeping obligations relating to expenses incurred in connection with its underwriting operations. In accordance with federal securities laws, broker-dealers are obligated to [...]

The Securities and Exchange Commission has formally announced charges against Archipelago Trading Services Inc. (ATSI) due to its failure to submit numerous mandatory reports regarding suspicious financial transactions, commonly referred to as Suspicious Activity Reports (SARs), during the period spanning from August 2012 to September 2020. These charges pertain to transactions involving over-the-counter (OTC) securities [...]

The Securities and Exchange Commission has taken legal action against Impact Theory, LLC, a media and entertainment firm headquartered in Los Angeles. The company has been accused of engaging in an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), resulting in charges being filed. Impact Theory managed to raise a substantial sum of [...]

The Securities and Exchange Commission (SEC) has made public its announcement regarding 3M Company's resolution to pay over $6.5 million to settle charges of violating the books and records as well as internal controls provisions of the Foreign Corrupt Practices Act (FCPA). The SEC's findings reveal that employees from a wholly owned 3M subsidiary located [...]

The Securities and Exchange Commission (SEC) has taken legal action against former New Jersey State Correctional Police Officer, John A. DeSalvo, for his alleged involvement in fraudulent activities related to the Blazar Token, a crypto asset security he introduced, which subsequently collapsed in May 2022. The SEC's charges also encompass allegations of misappropriation of investor [...]