December 26, 2018/US SEC The Securities and Exchange Commission filed a subpoena enforcement action against three penny-stock companies and their CEO – Cherubim Interests, Inc. (CHIT), PDX Partners, Inc. (PDXP), Victura Construction Group, Inc. (VICT), and Patrick Jevon Johnson – seeking an order directing them to comply with investigative subpoenas […]
Frauds & Scandals
SEC Obtains Judgment Against Former CEO in Transition Management Fraud Case
December 24, 2018/US SEC On November 9, 2018, the Securities and Exchange Commission obtained a judgment against the former CEO of a brokerage consulting business who was charged by the SEC in August for his role in a multimillion dollar transition management fraud. The SEC previously charged a brokerage consulting […]
Two Advisory Firms, CEO Charged With Mutual Fund Share Class Disclosure Violations
December 24, 2018/US SEC The Securities and Exchange Commission today announced settled charges against two New York-based investment advisers and the CEO of one of the advisers who selected mutual fund share classes inconsistent with their disclosures to clients. The firms and the CEO will collectively pay more than $1.8 million, […]
