WHAT: The Federal Trade Commission will host PrivacyCon 2019 to examine the latest research and trends related to consumer privacy and data security. WHEN: Thursday, June 27, 9:15 a.m. – 5 p.m. ET (Doors open at 8:15 a.m. ET) WHERE: Constitution Center400 Seventh St., SWWashington, D.C. 20024 WHO: The event will feature opening remarks by […]
Monthly Archives: June 2019
Worldwide Markets, Ltd., TAB Networks, Inc., and Thomas F. Plaut
The Securities and Exchange Commission today filed charges against an international securities broker and its New Jersey-based CEO for its fraudulent marketing and other deceptive conduct in connection with the unlawful sale of security-based swaps to foreign retail investors. The SEC complaint also charges a New Jersey-based company with aiding and abetting the broker’s unlawful […]
FTC, Law Enforcement Partners Announce New Crackdown on Illegal Robocalls
The Federal Trade Commission and its law enforcement partners today announced a major crackdown on illegal robocalls, including 94 actions targeting operations around the country that are responsible for more than one billion calls pitching a variety of products and services including credit card interest rate reduction services, money-making opportunities, and medical alert systems. The […]
Avi Chiat
On June 21, 2019, a federal court in Boston, Massachusetts, entered a final judgment against Avi Chiat, a former Massachusetts-based hedge fund manager in connection with a scheme to defraud investors by hiding trading losses. Chiat, the last remaining defendant in the case, settled with the SEC and agreed to pay $345,158 in disgorgement and […]
Donald S. LaGuardia, Jr.
Litigation Release No. 24511 / June 24, 2019 Securities and Exchange Commission v. Donald S. LaGuardia, Jr., No. 19-cv-05895 (S.D.N.Y. filed June 24, 2019) The Securities and Exchange Commission today charged a founder and managing principal of a New York-based investment adviser for misappropriating approximately $2.6 million from investors and then concealing part of the […]
FTC Announces Final Rule Implementing Law Providing Free Credit Monitoring for Active Duty Military Consumers
The Federal Trade Commission has finalized the rule implementing a 2018 law that requires the nationwide consumer reporting agencies (CRAs) to provide free electronic credit monitoring services for active duty military consumers. The Free Electronic Credit Monitoring for Active Duty Military Rule, which will be published in the Federal Register shortly, implements legislation included in […]
FTC and Law Enforcement Partners to Announce Robocall Enforcement Sweep Tomorrow in Chicago
WHAT: The Federal Trade Commission, in conjunction with other federal, state, and local law enforcement, will announce “Operation Call it Quits,” the latest joint-agency crackdown on telemarketers responsible for more than a billion illegal robocalls. WHEN: Tuesday, June 25, 10:30 a.m. CDT WHERE: FTC Midwest Region Office230 S. Dearborn Street, Room 3030Chicago, Illinois 60604 WHO: […]
TSX Delisting Review – LXRandCo, Inc. (LXR, LXR.WT)
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Edward Lee Moody, Jr., et. al.
On June 13, 2019, the U.S. District Court for the Eastern District of Virginia entered a default final judgment against a Virginia investment adviser firm and a settled final judgment against its sole owner, who were previously charged by the SEC with operating a nearly $5 million Ponzi scheme. On June 27, 2018, the SEC […]
Gregory T. Dean and Donald J. Fowler
Jurors in Manhattan federal court today returned a verdict in the Securities and Exchange Commission’s favor against a broker who was charged in January 2017 with fraud for excessively trading customer accounts using a trading scheme that generated hefty commissions for the broker but significant losses for his customers. A second broker, also charged in the same […]