The Securities and Exchange Commission filed an amended complaint charging Brian Quinn, a California resident, and David Skriloff, a New York resident, for their roles in a scheme to profit from the manipulation and illegal sale of stock of a publicly traded company, Environmental Packaging Technologies Holdings, Inc., of which Skriloff was the CEO. On […]
Monthly Archives: August 2019
OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Dorian in Southeast United States to Close
News Release 2019-101 | August 30, 2019 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks affected by severe weather conditions associated with Hurricane Dorian in the Southeast region of the United States to close. […]
Report on Initial Public Offering Applications, Delisting and Suspensions (As at 30 August 2019)
Report on Initial Public Offering Applications, Delisting and Suspensions (As at 30 August 2019) Market Operations 30 Aug 2019 Report on Initial Public Offering Applications, Delisting and Suspensions(As at 30 August 2019) (1) Includes application(s) by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules, application(s) for transfer of listing […]
FTC Sending Refund Checks Totaling More Than $11.6 Million to Businesses and Organizations That Paid for Unordered Office and Cleaning Supplies
The Federal Trade Commission is mailing 29,333 refund checks totaling more than $11.6 million to small businesses and other organizations defrauded by a Maryland-based office supply operation that used names such as Midway Industries and Standard Industries. The FTC charged that the operation tricked companies and non-profits into paying for light bulbs and cleaning supplies […]
Bitqyck, Inc., Bruce E. Bise, and Samuel J. Mendez
The Securities and Exchange Commission today announced settled charges with Bitqyck Inc. and its founders, who allegedly defrauded investors in securities offerings of two digital assets, Bitqy and BitqyM, and operated an unregistered exchange to permit trading in one of them, a digital token called Bitqy. According to the SEC’s complaint, Bitqyck and founders Bruce […]
Cetera Advisors, LLC
Litigation Release No. 24581 / August 29, 2019 Securities and Exchange Commission v. Cetera Advisors, LLC, Civil Action No. 1:19-cv-02461 (D. Colo., filed August 29, 2019) The Securities and Exchange Commission today charged Cetera Advisors, LLC, a registered investment adviser and broker-dealer based in Denver, Colorado, with breaching its fiduciary duty and defrauding its retail […]
Cambridge Capital Group Advisors, LLC (f/k/a Cambridge Capital Advisors, LLC), et al.
The Securities and Exchange Commission today charged a Tallahassee-based investment adviser firm and its two former principals with defrauding investors, most of whom were retired NFL players who had joined a class-action lawsuit against the league claiming they suffered brain injuries as a result of concussions. The SEC charged Cambridge Capital Group Advisors, LLC (f/k/a […]
Live Well Financial, Inc., Michael C. Hild, Eric Rohr, and Darren Stumberger
The Securities and Exchange Commission today charged Live Well Financial, Inc. and its CEO, Michael Hild, both of Richmond, Va., with perpetuating a multi-million dollar bond mismarking scheme against Live Well’s short-term lenders. The complaint also charges Live Well’s CFO, Eric Rohr, and Executive Vice President, Darren Stumberger, both of whom consented to partial judgments […]
William Hutchinson a/k/a William Cluxton
Litigation Release No. 24578 / August 29, 2019 U. S. Securities and Exchange Commission v. William Hutchinson a/k/a William Cluxton, No. 8:19-cv-02166 (M.D. Fla. filed August 29, 2019) The Securities and Exchange Commission today charged William Hutchinson (a.k.a. William Cluxton), of Sarasota, Florida for fraudulently selling securities. The SEC’s complaint alleges that between March and […]
FTC Revises List of Companies Subject to Broadband Privacy Study
The Federal Trade Commission has revised the list of companies from which it is seeking information as part of its examination of broadband companies’ privacy practices. In March, the FTC announced it was sending orders seeking information about their privacy practices to AT&T Inc., AT&T Mobility LLC, Comcast Cable Communications doing business as Xfinity, Google […]