September 28, 2021/US SEC On September 27, 2021, the Securities and Exchange Commission filed an emergency action and obtained an asset freeze, among other relief, against Richard Xia (a/k/a Yi Xia) and his company, Fleet New York Metropolitan Regional Center, LLC (f/k/a Federal New York Metropolitan Regional Center, LLC), for […]
Frauds & Scandals
SEC Charges California Cannabis Company, CEO and President with Fraud
September 28, 2021/US SEC The SEC today charged a California-based cannabis company, along with its CEO and President, with scamming at least 40 investors out of approximately $2 million. According to the SEC’s complaint, from October 2011 through November 2019, C3 International, Inc. (C3), based in Garden Grove, California, and […]
SEC Charges Transfer Agent and CEO for Violations of Statutory and Regulatory Filing and Records Requirements
September 28, 2021/US SEC On September 27, 2021, the Securities and Exchange Commission charged Michael James Ferguson Jr. Foreign Private Trust (Ferguson Trust) and its Chief Executive Officer Noble Mikhail Jabal Mohommet Firdaus El with violating statutory and regulatory obligations that apply to transfer agents-entities that perform shareholder administration functions for […]
