William C. Gennity

Litigation Release No. 24416 / March 4, 2019 Securities and Exchange Commission v. William C. Gennity and Rocco Roveccio, No. 17-CV-7424, (S.D.N.Y.) filed September 28, 2017 On March 1, 2019, a federal district court entered a final consent judgment against a broker who was charged with defrauding customers by making unsuitable and unauthorized trades and […]

Rong Chen, et al.

Litigation Release No. 24417 / March 4, 2019 Securities and Exchange Commission v. Rong Chen, et al., No. 2:18-cv-07840-CAS (JPRx) (C.D. Cal. filed September 10, 2018) On March 1, 2019, the U.S. District Court for the Central District of California entered a consent judgment against corporate deal advisor Rong Chen, who was charged by the […]

Investor Bulletin: Trading Suspensions – What Happens When They End?

The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to answer some of the questions we receive from investors about what happens at the end of a trading suspension. Why would the SEC suspend trading in a stock? The federal securities laws generally allow the SEC to suspend trading in any […]

Counterfeit Official Bank Checks of Bremer Bank, NA, Saint Paul, Minn.

Alert 2019-1| March 4, 2019 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]

MinTrade Technologies, LLC, Carla Marin

Litigation Release No. 24415 / March 4, 2019 Securities and Exchange Commission v. MinTrade Technologies, LLC, No. 1:19-mc-20496-KMW (S.D. Fla., filed February 6, 2019) Securities and Exchange Commission v. Carla Marin, No. 1:19-mc-20493-UU (S.D. Fla., filed February 6, 2019) On February 6, 2019, the Securities and Exchange Commission filed subpoena enforcement actions in Florida federal […]

FTC Announces Agenda for the 13th Session of its Hearings on Competition and Consumer Protection in the 21st Century

The Federal Trade Commission today announced the agenda for the thirteenth session of its Hearings Initiative. The session, focused on the agency’s merger retrospective program, will take place on April 12, 2019, at FTC Headquarters in Room 432. The FTC’s Bureau of Economics has a long tradition of conducting ex post evaluations of consummated mergers, […]

John Gregory Schmidt

Litigation Release No. 24414 / March 1, 2019 Securities and Exchange Commission v. John Gregory Schmidt, No. 3:18-cv-00320-WHR (S.D. Ohio) On February 19, 2019, an Ohio federal court entered a consent judgment against John Gregory Schmidt, formerly a Dayton, Ohio registered representative of a nationwide broker-dealer and investment adviser. The SEC’s complaint, filed September 25, […]

FTC Publishes Inflation-Adjusted Civil Penalty Amounts

The Federal Trade Commission has adjusted the maximum civil penalty dollar amounts for violations of 16 provisions of law the FTC enforces, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The Act directs agencies to implement annual inflation adjustments based on a prescribed formula. The new maximum civil penalty […]

National Consumer Protection Week 2019 Kicks off Sunday, March 3

The Federal Trade Commission and its federal, state and local partners, together with consumer groups and national advocacy organizations, will participate in the 21st annual National Consumer Protection Week (NCPW) from March 3-9, 2019. NCPW is a nationally coordinated campaign to help consumers understand their rights while giving them access to free educational materials. “As […]