Monthly Archives: August 2019

Litigation Release No. 24564 / August 15, 2019 Securities and Exchange Commission v. Thomas W. Avent, Jr., et a, , 1:16-cv-02459-WMR (N.D. Ga.) Yesterday, jurors in Atlanta federal court returned a verdict finding New Jersey securities broker Raymond J. Pirrello, Jr., liable for insider trading in advance of three merger and acquisition transactions. The SEC’s evidence […]

Litigation Release No. 24563 / August 15, 2019 Securities and Exchange Commission v. Craig Rumbaugh, Rumbaugh Financial Inc., and Desert Strategic Equity, LLC, No. 5:19-cv-01517 (C.D. Cal. filed August 14, 2019) The Securities and Exchange Commission today charged Riverside County-based investment adviser Craig C. Rumbaugh and his companies, Rumbaugh Financial Inc. and Desert Strategic Equity, […]

Aug. 14, 2019 Thank you, Martha [Miller] and the staff in the Office of the Advocate for Small Business Capital Formation for taking the lead in organizing this 38th annual Government-Business Forum.[1] This is our first small business forum under the leadership of Martha and her office, which already have substantially contributed to our efforts […]

Aug. 14, 2019 Good morning. I am thrilled we are hosting this year’s Government-Business Forum on Small Business Capital Formation in the “Silicon Prairie.”[1] Martha [Miller] did a tremendous job of highlighting Nebraska’s entrepreneurial spirit. I have to admit that I am most impressed by the invention of the Reuben sandwich; we all give you […]

On August 12, 2019, the Securities and Exchange Commission charged Harsh Nahata, a former WestRock Corporation employee, and his friend, Ajay S. Bhandari, with trading ahead of the announcement of WestRock’s acquisition of KapStone Paper and Packaging Corporation, on the basis of material, nonpublic information that Nahata obtained in the course of his employment. The […]

Aug. 14, 2019 Creighton University, Heider College of BusinessOmaha, Nebraska Thank you, Martha [Miller]. It is wonderful to be here in Omaha. Thank you to all the participants in today’s program. Dean [Anthony] Hendrickson, thank you for welcoming us to Creighton University’s Heider College of Business. It is a beautiful facility that reflects the thriving […]

Aug. 14, 2019 Good morning and welcome everyone. On behalf of the U.S. Securities and Exchange Commission, I am pleased to see each of you here today for the 38th annual Government-Business Forum on Small Business Capital Formation.[1] We are particularly grateful to the Heider College of Business at Creighton University for hosting us and […]

On July 23, 2019, the Honorable Paul A. Magnuson of the U.S. District Court for the District of Minnesota denied a motion to dismiss filed by Lawrence Blaney, a resident of Sugar Grove, Illinois and the former Executive Vice President of Sales of Digiliti Money Group, Inc., a now-defunct Minneapolis, Minnesota financial technology firm. The […]