August 30, 2024/US SEC The Securities and Exchange Commission announced that it obtained an emergency asset freeze against Jonathan Adam and Tanner Adam, and their two respective entities GCZ Global LLC and Triten Financial Group LLC, to halt a $60 million Ponzi scheme impacting more than 80 investors across the […]
Frauds & Scandals
SEC Obtains Final Judgments Against Unregistered Brokers That Facilitated More Than $1.2 Billion In Primarily Penny Stock Trades
August 30, 2024/US SEC On August 27, 2024, the U.S. District Court for the Southern District of New York entered final judgments against GEL Direct LLC, GEL Direct Trust, Jeffrey K. Galvani, and Stuart A. Jeffery, whom the SEC previously charged for operating as unregistered brokers. According to the SEC’s […]
SEC Obtains Final Judgment Imposing a $39.5 Million Penalty Against Chinese National Charged with Insider Trading
August 30, 2024/US SEC On August 16, 2024, the Securities and Exchange Commission obtained a final judgment against defendant Shaohua (Michael) Yin, including a penalty of $39.5 million paid out of funds frozen in the brokerage accounts that Yin allegedly used to engage in insider trading. The SEC previously charged […]
