Litigation Release No. 24487 / June 4, 2019 Securities and Exchange Commission v. James E. Hocker, No. 18-cv-01251 (M.D. Pa.) On May 31, 2019, the Securities and Exchange Commission obtained a final judgment against James E. Hocker, a Bellefonte, Pennsylvania insurance agent charged with stealing nearly $1.5 million in a Ponzi scheme targeting retail investors. […]
Monthly Archives: June 2019
FTC Approves Proposal Rescinding Nursery Guides
Following a public comment period, the Federal Trade Commission has approved a proposal to rescind its Guides for the Nursery Industry because they no longer appear necessary and thus serve little purpose for industry or consumers. Issued in 1979, the Guides address sales practices for outdoor plants, including deceptive advertising claims regarding quantity, size, grade, […]
Syed Arham Arbab, Artis Proficio Capital Investments, LLC, and Artis Proficio Capital Management, LLC, Civil Docket
The Securities and Exchange Commission today announced an emergency action charging a recent college graduate with orchestrating a Ponzi scheme that targeted college students and young investors. The SEC is seeking an asset freeze and other emergency relief. The SEC’s complaint alleges that Syed Arham Arbab, 22, conducted the fraud from a fraternity house near […]
Request for Information on FDIC Technical Assistance Offerings and Delivery
FIL-29-2019 June 3, 2019 Request for Information on FDIC Technical Assistance Offerings and Delivery Printable Format: FIL-29-2019 – PDF (PDF Help) Summary: On June 3, 2019, the Federal Deposit Insurance Corporation (FDIC) issued a Request for Information seeking feedback on the FDIC’s methods and efforts to provide technical assistance. The FDIC requests information on additional […]
FTC Announces Two Actions Enforcing the Consumer Review Fairness Act
The Federal Trade Commission has issued two administrative complaints and proposed orders enforcing the Consumer Review Fairness Act (CRFA), which prohibits businesses from using form contract terms that bar consumers from writing or posting negative reviews online, or that impose financial penalties for doing so. In settling the Commission’s complaints, two companies, one that rented […]