May 12, 2023/US SEC The SEC recently resolved its litigation against Kevin Gillespie, formerly the CEO of a microcap issuer. According to the SEC’s complaint, beginning in February 2017, Gillespie and others engaged in a scheme in conjunction with a promotion of the stock of Arias Intel Corp. (“ASNT”). In […]
Frauds & Scandals
SEC Obtains Final Judgment Against Former Broker for Role in Alleged Offering Fraud
May 12, 2023/US SEC On May 5, 2023, the U.S. District Court for the Eastern District of New York entered a final judgment against Matthew Bell, enjoining him from violating certain provisions of the federal securities laws. According to the SEC’s complaint, starting in 2013, Bell was involved in a […]
SEC Obtains Final Judgment Against Head Trader Charged in Fake Trading Scheme
May 12, 2023/US SEC The Securities and Exchange Commission has obtained a final judgment against a head trader at “EmpiresX,” which the agency charged with a fake trading scheme. According to the SEC’s complaint, filed June 30, 2022, Joshua David Nicholas was the head trader of a purported hedge fund […]
