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

The U.S. Securities and Exchange Commission (SEC) charged Christine Hunsicker, the co-founder, Chief Executive Officer, and Chair of CaaStle, Inc., formerly Gwynnie Bee, Inc., with creating and disseminating false financial statements and audit reports to investors while raising more than $250 million for CaaStle, a private company. The SEC’s enforcement complaint, filed in the U.S....Read More

When an SEC Wells Notice is issued to a FINRA Series 7 registered representative, the stakes rise dramatically—because it must be disclosed on their Form U4, alerting FINRA and their firm even before any charges are filed. This disclosure alone can trigger additional investigations or even termination, despite the fact that the SEC may later...Read More

The United States Securities and Exchange Commission (SEC) charged former Texas resident, Joshua Thomas Jackson, with defrauding investors through real estate investment schemes resulting in investor losses of approximately $2.4 million. The SEC enforcement action, filed in the United States District Court for the Eastern District of Texas, charges Jackson with violating the antifraud provisions...Read More

The U. S. Securities and Exchange Commission (SEC) obtained a final judgment against defendant Eduardo Hernandez of Long Island, New York, for allegedly perpetrating a multi-year fraudulent “free riding” scheme that generated more than $2 million in illicit profits. The SEC’s complaint, filed in the U.S. District Court for the Eastern District of New York,...Read More

The U.S. Securities and Exchange Commission (SEC) recently secured final judgments by consent against Defendants Antony Caine, Anish Parvataneni, LJM Funds Management, Ltd. (“LJMFM”) and LJM Partners, Ltd. (collectively with LJMFM, “LJM”), whom the SEC previously charged with allegedly defrauding investors by making false and misleading statements about the risks of LJM’s “net short” options...Read More

The U.S. Securities and Exchange Commission (SEC) obtained final judgments against Edward O’Donnell and Victor Bozzo, the former Chief Financial Officer and former Chief Commercial Officer, respectively, of New York–based telecommunications company Pareteum Corp., for their roles in an alleged revenue recognition scheme. The complaint, filed in the U.S. District Court for the Southern District...Read More

The U.S. Securities and Exchange Commission (SEC) charged Ian O. Mausner of San Diego, California, and his firm Evolution Lending, LLC, with conducting an alleged fraudulent securities offering that raised more than $400,000 from at least 11 investors in multiple states. The SEC complaint, filed in the U.S. District Court for the Southern District of...Read More