Litigation Release No. 24482 / May 29, 2019 Securities and Exchange Commission v. Henry Ford et al., No. 19-civ-2214 (E.D.Pa., filed May 22, 2019) On May 22, 2019, the Securities and Exchange Commission charged Fallcatcher, a purported biometric device and software startup company, and its founder, Henry Ford, with defrauding over fifty investors in the Philadelphia area of at least $5 […]
Monthly Archives: May 2019
FTC Approves Final Order Imposing Conditions on Merger of Titanium Dioxide Companies Tronox Limited and Cristal
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that the acquisition by Tronox Limited of competitor Cristal would violate the antitrust laws by significantly reducing competition for chloride process titanium dioxide in the United States and Canada. According to the complaint, which was first announced in December 2017, […]
Summary of Deposits Survey
The Summary of Deposits (SOD) is the annual survey of branch office deposits as of June 30 for all FDIC-insured institutions, including insured U.S. branches of foreign banks. All institutions with branch offices are required to submit the survey; institutions with only a main office are exempt. All survey responses are required by July 31, […]
Summary of Deposits Survey
The Summary of Deposits (SOD) is the annual survey of branch office deposits as of June 30 for all FDIC-insured institutions, including insured U.S. branches of foreign banks. All institutions with branch offices are required to submit the survey; institutions with only a main office are exempt. All survey responses are required by July 31, […]
FTC Releases Agenda for Workshop Examining Online Event Ticket Sales
The Federal Trade Commission released the final agenda for its June 11, 2019 workshop that will examine consumer protection issues related to the online event ticket marketplace. Commissioner Rebecca Kelly Slaughter will provide opening remarks, followed by a keynote address from Eric Budish, Economics Professor at the University of Chicago’s Booth School of Business. The […]
TSX Delisting Review – Euromax Resources Ltd. (EOX)
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David Sims, et al.
The Securities and Exchange Commission announced fraud charges against recidivist David Sims, his partner, Mario Procopio, and three companies they controlled for defrauding investors in a “prime bank” scheme. The SEC also charged their lawyer, Ralph Craig Greaves, with aiding and abetting their scheme. According to the SEC’s complaint, Sims, of Costa Mesa, California, and […]
Updated Investor Bulletin: Regulation A
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to educate investors about Regulation A. Regulation A is an exemption from registration under the Securities Act that allows companies to raise money from the public in securities offerings of up to $50 million. What is Regulation A? Regulation A allows companies […]
Savraj Gata-Aura (a/k/a Samuel Aura a/k/a Sam Aura) and Core Agents, Ltd. (d/b/a Core Agents International, Ltd.)
Litigation Release No. 24479 / May 23, 2019 Securities and Exchange Commission v. Savraj Gata-Aura (a/k/a Samuel Aura a/k/a Sam Aura) and Core Agents, Ltd. (d/b/a Core Agents International, Ltd.), Civil Action No. 19-cv-4780 (S.D.N.Y., filed May 23, 2019) The Securities and Exchange Commission today charged Savraj Gata-Aura and a company he controls, Core Agents […]
Daniel Pacheco, et al.
Litigation Release No. 24478 / May 23, 2019 Securities and Exchange Commission v. Daniel Pacheco, et al., Civil Action No. 5:19-CV-00958 (C.D. Cal. Filed May 22, 2019) The Securities and Exchange Commission filed a civil injunctive action against Daniel Pacheco, a resident of San Clemente, California and the alleged perpetrator of a multimillion-dollar pyramid scheme. […]