Former SEC enforcement attorney David Chase was recently quoted in The Block’s article, “SEC Crypto Treasury Probe Frozen by Shutdown, but Subpoenas Could Fly Soon After Government Reopens.” The piece discusses how the ongoing government shutdown has paused the SEC’s investigation into digital asset treasury strategies, and what could happen once regulators return to work....Read More

Yes, the Securities and Exchange Commission often relies on electronic communications, like emails, text messages and social media chats to prove insider trading.  In fact, such communications can prove to be critical evidence in establishing some or all of the key elements of an insider trading prosecution: knowledge, intent, relationships and, in some cases, efforts...Read More

Henry Paul Regan, Jr. a United States citizen living in Colombia, who was associated with five different registered broker dealers and previously held Series 7 and 63 securities licenses, was charged by the United States Securities and Exchange Commission with defrauding more than 330 U.S. based investors out of more than $63 million. Filed in...Read More

Help from an Affinity Fraud Defense Lawyer Affinity frauds continue to be in the crosshairs of the Enforcement Division of the  U.S. Securities and Exchange Commission (SEC).  This particularly pernicious fraud targets people of a particular ethnic, religious or racial community, where the fraudster pretends to be, or is a member of, the targeted community,...Read More

David R. Chase, Esq. was recently interviewed and quoted by The Wall Street Journal regarding the SEC and FINRA’s sweeping investigations into potential insider trading and Regulation Fair Disclosure (Reg FD) violations tied to more than 200 publicly traded companies adopting crypto treasury strategies involving Bitcoin, Ethereum, and Solana. These probes focus on whether companies...Read More

The U. S. Securities and Exchange Commission (SEC) charged Daryl F. Heller of Pennsylvania and his companies, Prestige Investment Group, LLC and Paramount Management Group, LLC, with operating a multi-year Ponzi scheme that resulted in investor losses of approximately $400 million. The SEC’s complaint, filed in U.S. District Court for the Eastern District of Pennsylvania,...Read More

The U.S. Securities and Exchange Commission (SEC) charged Joseph Neal Sanberg, the co-founder and former board member of Aspiration Partners, Inc., for raising more than $300 million from investors based on a fraudulent scheme to generate and mislead investors about fake revenues for environmental sustainability services. The SEC complaint, filed in the Central District of...Read More

The U.S. Securities and Exchange Commission (SEC) charged New Jersey resident Kenneth Thom with defrauding investors in connection with an offering fraud through which he allegedly raised over $600,000 from more than fifty investors.  Thom was associated with five different brokerage firms before the Financial Industry Regulatory Authority (“FINRA”) suspended Thom’s registration as a broker,...Read More

The U.S. Securities and Exchange Commission (SEC) filed settled charges against Ryan N. Cole, a resident of Folsom, California, for allegedly conducting a manipulative trading scheme, known as spoofing, from which he netted approximately $234,000 in ill-gotten gains. The SEC complaint charges Cole with fraud in violation of the antifraud provisions of the federal securities...Read More

In a case involving a somewhat unusual fact pattern, the U.S. Securities and Exchange Commission (SEC) obtained a final judgment against Suyun Gu, a resident of Miami Florida, who was previously charged with engaging in a fraudulent trading scheme to collect liquidity rebates from securities exchanges through wash trading of thinly traded put options. Filed...Read More