9/4/2018/US SEC The Securities and Exchange Commission has obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin Corp. stock involving the company, its CEO, and three other affiliated individuals. According to a complaint unsealed on April […]
Frauds & Scandals
SEC Charges Texas Company, Principals in Multimillion Dollar Ponzi Scheme Targeting Seniors
April 9, 2018/US SEC On April 6, 2018, the Securities and Exchange Commission charged two Texas companies and their principals in a $2.4 million Ponzi scheme and in a related, $1.4 million offering fraud targeting retirees. The SEC’s complaint alleges that, from 2010 to 2017, Clifton E. Stanley ran a […]
SEC Announces Temporary Suspension of Trading in Shares of 18 Issuers
April 9, 2018/US SEC The U.S. Securities and Exchange Commission (Commission) announced the temporary suspension of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on April 9, 2018, and terminating at 11:59 p.m. EDT on April 20, 2018: 1. Carbon Green Inc. (CGNI) 2. Dezina […]
