The Securities and Exchange Commission (SEC) recently charged Derek Taller, the CEO and Chairman of the Board of Directors of two investment funds and their external investment adviser firms, with engaging in fraudulent conduct while managing and advising the two funds, which included making material misrepresentations in offering materials and engaging in self-dealing. The SEC’s...Read More

The U. S. Securities and Exchange Commission (SEC) recently filed charges against Randall J. Miller, his son Chad J. Miller, and an associate Jeffrey De Laveaga, all residents of Maricopa County, Arizona, with a fraudulent $284 million bond offering scheme to finance a sports complex in Mesa Arizona. The SEC’s complaint, filed in the U.S....Read More

The U. S. Securities and Exchange Commission (SEC) recently filed charges against Jenni Yoon Jeong Lee, a former Seattle-area investment adviser, and her shell company, Evergreen Property Developments LLC, with a years-long fraud scheme targeting elderly members of the Korean-American community. The SEC’s complaint, filed in the U.S. District Court for the Western District of...Read More

The U.S. Securities and Exchange Commission (SEC) obtained a final consent judgment against Robert Del Prete, a 38-year-old resident of Brick, New Jersey and former SPAC accounting consultant, for insider trading in the stock of HighCape Capital Acquisition Corp. The SEC Complaint, filed in the U.S. District Court for the District of New Jersey, charges...Read More

The U.S. Securities and Exchange Commission (SEC) obtained a final judgment against Shaohua (Michael) Yin, a Chinese National, and partner at a Hong Kong-based private equity firm, for insider trading using five nominee accounts from addresses in Beijing and Palo Alto, California, as well as on a computer that also accessed Yin’s email accounts. The...Read More

The U.S. Securities and Exchange Commission (SEC) recently settled charges against Philip Markin, a resident of Weehawken, New Jersey, employed as an elevator mechanic, for insider trading in a scheme to trade ahead of a pharmaceutical company tender offer.  He is the fifth individual charged in connection with the alleged insider trading scheme. The SEC’s...Read More

The U.S. Securities and Exchange Commission (SEC) filed fraud charges against Matthew Groom, a resident of North Carolina and self-employed Managing Director of TechNet UC, a private information technology consulting company that he co-founded, for illegal insider trading in the securities of Spero Therapeutics Inc., a Delaware corporation based in Cambridge, Massachusetts, focused on the...Read More

The U. S. Securities and Exchange Commission (SEC) filed insider trading charges against Robert Brian Thompson, a senior banking supervisor and examiner at the Federal Reserve Bank of Richmond, for insider trading in stock and options of two publicly traded banks that were under his supervisory purview. The SEC’s complaint, filed in the U.S. District...Read More

If you have just received a SEC Subpoena, whether for an investigation into possible insider trading, market manipulation or crypto fraud, you are now faced with the decision of whether to hire a SEC defense attorney.  Doing so provides tremendous benefits and a level of legal protection that you cannot replicate by going at it alone,...Read More

There are two legal theories of insider trading recognized by the Securities and Exchange Commission: (1) the classical theory, and (2) the misappropriation theory. Under the classical theory, corporate insiders, like officers, directors, and/or employees, violate the federal securities laws by trading in their company’s stock on the basis of material non-public information (MNPI) in...Read More