April 10, 2019/US SEC The Securities and Exchange Commission today charged a former senior lawyer at SeaWorld Entertainment Inc. with insider trading based on nonpublic information that the company’s revenue would be better than anticipated for the second quarter of 2018. The SEC alleges that Paul B. Powers had early […]
Frauds & Scandals
SEC Brings Actions Against Fifteen Unregistered Brokers for Their Participation in an Illegal Offering of Microcap Securities
April 9, 2019/US SEC The Securities and Exchange Commission charged fifteen individuals with acting as unregistered brokers or aiding-and-abetting such activity in connection with Intertech Solutions, Inc.’s fraudulent and unregistered securities offerings. The SEC’s complaints allege that Alexander Bevil, Richard Bohnsack, Daniel Broyles, Charles Davis, Michael Duke, Joel Duncan, Martin […]
SEC Obtains Final Judgment and Bars Investment Adviser for Defrauding Clients
April 5, 2019/US SEC The Securities and Exchange Commission has obtained a final judgment against Scott Newsholme, a New Jersey-based tax preparer, who was charged with defrauding his clients after convincing them to give him their money to invest. According to the SEC’s complaint, filed September 6, 2017, Newsholme fabricated […]
