Litigation Release No. 24519 / June 27, 2019 Securities and Exchange Commission v. Matthew A. Krimm, et al., Civil Action No. 1:17-CV-464 On May 28, 2019, the U.S. District Court for the District of Delaware entered default judgments against Matthew A. Krimm and Krimm Financial Services, LLC (“KFS”), ordering Krimm and KFS to pay approximately […]
Monthly Archives: June 2019
Henry Sargent et al.
Litigation Release No. 24516 / June 27, 2019 Securities and Exchange Commission v. Henry Sargent et al., No. 19-cv-11416 (D. Mass.) The Securities and Exchange Commission today charged five individuals in a scheme that used nominee shareholders to fraudulently register the public sale of microcap company securities. As alleged in the SEC’s complaint, Henry Sargent, […]
Amrit J. S. Chahal
On June 21, 2019, the U.S. District Court for the Eastern District of Virginia entered a final judgment against Fairfax, Virginia resident Amrit J. S. Chahal, who was charged last year by the SEC with perpetrating a fraudulent investment scheme. The SEC’s complaint, filed on April 12, 2018, alleged that Chahal used his company, Kane […]
Jason Sugarman
Litigation Release No. 24518 / June 27, 2019 Securities and Exchange Commission v. Jason Sugarman, No. 19-cv-5998 (S.D.N.Y., filed June 26, 2019) The Securities and Exchange Commission today charged a Los Angeles man for his role in a fraudulent scheme to gain undisclosed control over two registered investment advisers so that he, his partner, and […]
Investor Bulletin: Questions to Ask when Hiring an Investment Professional
Before investing in stock or other securities, you may decide to seek the help of an investment professional. Selecting this investment professional is an important decision. This Investor Bulletin provides you with questions you should ask before hiring any investment professional. Experience and Background What experience do you have, especially with people like me? What […]
HKEX Publishes Cash Market Transaction Survey 2018
Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to present the Cash Market Transaction Survey 2018, which looks at the trading composition of Exchange Participants on the HKEX securities market. Conducted by HKEX, the survey seeks to understand the relative contribution of trading value on the Main Board and GEM, by investor type. The […]
FTC and DOJ Approve Procedural Changes to HSR Rules and Form
The Federal Trade Commission, with the concurrence of the Antitrust Division of the U.S. Department of Justice, has approved amendments to the Hart-Scott-Rodino Rules and to the instructions for filling out the Antitrust Act Notification and Report Form (known also as the HSR Form). Companies use the HSR Form to report a proposed merger, acquisition, […]
Mark Allen Plummer
Litigation Release No. 24514 / June 26, 2019 Securities and Exchange Commission v. Mark Allen Plummer, No. 3:19-cv-01538-G (N.D. Tex., filed June 26, 2019) On June 26, 2019, the Securities and Exchange Commission filed charges against Mark A. Plummer for misappropriating investor funds raised through Texas E&P Partners, Inc., his oil and gas operating company. […]
HKEX Announcement
Hong Kong Exchanges and Clearing Limited (HKEX) notes that the Hong Kong Independent Commission Against Corruption (the ICAC) is conducting an investigation into allegations of corruption concerning one former employee of HKEX which allegedly took place during their employment by HKEX. The ICAC is not investigating HKEX or any other HKEX employees. HKEX promotes the […]
Webinar: Building Collaboration between Financial Institutions and Law Enforcement to Prevent and Address Elder Financial Abuse
FIL-34-2019 June 26, 2019 Webinar: Building Collaboration between Financial Institutions and Law Enforcement to Prevent and Address Elder Financial Abuse Printable Format: FIL-34-2019 – PDF (PDF Help) Summary: The FDIC is co-hosting a webinar with the Consumer Financial Protection Bureau (CFPB) on July 25, 2019 from 2:00 p.m. to 3:00 p.m. ET to promote appropriate […]