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

The Securities and Exchange Commission (SEC) recently charged Roderick Vanderbilt with participating in a scheme to defraud investors in Vinco Ventures, Inc., a publicly traded, purported digital media and content technologies company. The SEC complaint, filed in the U.S. District Court for the Southern District of New York, charged Vanderbilt with violating anti-fraud provisions of...Read More

The Securities and Exchange Commission obtained final judgments against NDB, Inc. (“NDB”), a private startup company formerly based in San Francisco, California, that is purportedly developing a nuclear-based battery, and its CEO, Nima Golsharifi, for allegedly defrauding investors by making materially false and misleading statements in a company press release. The SEC’s complaint, filed in...Read More

The Securities and Exchange Commission (SEC) recently obtained an unopposed final judgment against defendant Vladislav Kliushin (a/k/a Vladislav Klyushin) for his participation in a fraudulent hack-to-trade scheme. The SEC’s complaint, filed in the U.S. District Court for the District of Massachusetts, charged Kliushin with violating the antifraud provisions of Section 17(a) of the Securities Act...Read More

The Securities and Exchange Commission (SEC) charged investment advisers Kronus Financial Corporation and Finser International Corporation, along with their principal, Andrew H. Jacobus, with misappropriating over $17 million from 40 advisory clients, most of whom are Venezuelan nationals and include Catholic dioceses and elderly individuals. The SEC’s complaint, filed in the U.S. District Court for...Read More