On June 25, 2015, the SEC charged Malcolm Segal with conducting a Ponzi scheme and stealing investor money to purchase a condominium in Florida, and pay for vacations and other luxuries. The SEC alleges that former Aegis Capital Corp. stockbroker Malcolm Segal fraudulently sold certificates of deposits (CDs) to his…
On June 25, 2015, The SEC filed a civil injunctive action in U.S. District Court in Utah relating to the offering of securities by Silverleaf Financial, LLC and its owner Dwight Baldwin. The Commission’s Complaint alleges that from June 2010 through late 2011, Dwight Baldwin and Silverleaf offered and sold…
On October 23, 2015 The SEC announced a settlement with Vladimir Eydelman, a former stockbroker with Oppenheimer & Co. and Morgan Stanley for his role in the passing of material, nonpublic information obtained by Steven Metro, a law firm employee, regarding pending corporate transactions involving clients of the firm. Metro…
On August 27, 2015 The SEC announced fraud charges and an emergency asset freeze to halt a California-based scheme involving investments in oil and gas projects. According to the SEC’s complaint filed under seal in federal court in Los Angeles, Harrison Schumacher and his two companies Quantum Energy LLC and…
On September 29, 2015 the SEC announced that former UBS broker Jose Ramirez of Puerto Rico was charged with making material misrepresentations and omissions and orchestrating a scheme involving the use of credit line proceeds from a UBS affiliated bank to purchase shares in UBS Puerto Rico affiliated mutual funds.…
On December 8, 2015 the SEC announced that it had settled their action against Covenant Partners, L.P., a Philadelphia-area private equity fund. Prior to this development, the SEC had brought an action against Covenant Partners along with Bill Fretz and his unregistered investment adviser, Covenant Capital Management Partners, L.P. According…
On September 15, 2015 the SEC charged five Arizona residents with stealing millions of dollars from investors to make car payments, buy clothes, and fund travel and entertainment at luxury resorts, casinos, and strip clubs. The SEC alleges that Jason Mogler of Pangea Investments misappropriated over $17 million from investors…
On September 8, 2015 the SEC announced it had filed fraud charges against three traders accused of repeatedly lying to customers who were relying on them for honest and accurate pricing information about residential mortgage-backed securities (RMBS). The SEC alleges that Ross Shapiro, Michael Gramins, and Tyler Peters defrauded customers…
On September 8, 2015 the SEC announced it had filed fraud charges against three traders accused of repeatedly lying to customers who were relying on them for honest and accurate pricing information about residential mortgage-backed securities (RMBS). The SEC alleges that Michael Gramins defrauded customers to illicitly generate millions of…
On September 8, 2015 the SEC announced it had filed fraud charges against three traders accused of repeatedly lying to customers who were relying on them for honest and accurate pricing information about residential mortgage-backed securities (RMBS). The SEC alleges that Ross Shapiro defrauded customers to illicitly generate millions of…