Category Archives: SEC

Litigation Release No. 24598 / September 17, 2019 Securities and Exchange Commission v. Jan Atlas, No. 19-civ-62303 (S.D. Fla., filed September 17, 2019) The Securities and Exchange Commission today charged a South Florida attorney with aiding and abetting, through the issuance of fraudulent opinion letters, a previously-charged $322 million fraud allegedly perpetrated by a now […]

Litigation Release No. 24597 / September 17, 2019 Securities and Exchange Commission v. John Henderson and Global Resources Leadership LLC, No. 19-civ-06183 (N.D. Illinois, filed September 16, 2019) Washington D.C., September 17, 2019 – The Securities and Exchange Commission has charged a Naperville, Illinois-based corporation and its founder, president, and CEO for making false and […]

Litigation Release No. 24596A / September 17, 2019 Securities and Exchange Commission v. Jay Daniel Seinfeld, Sara Beth Postma, Traditions Capital Management LLC, and Hospice Patient Aid Program, Inc., Civil Action No. 1:19-cv-910 (U.S. District Court for the Western District of Texas) filed September 16, 2019 The Securities and Exchange Commission today announced that Jay […]

The SEC’s Office of Investor Education and Advocacy (OIEA) warns investors not to fall for investment scams claiming to help charitable causes.  Supporting a good cause while investing your money may sound like a win-win situation.  But be aware that fraudsters may try to exploit your desire to help others by using charitable causes as […]

Litigation Release No. 24595 / September 13, 2019 U.S. Securities and Exchange Commission v. Dean Patrick McDermott, McDermott Investment Advisors, LLC and McDermott Investment Services, LLC Washington D.C., September 13, 2019 – The Securities and Exchange Commission today announced charges against McDermott Investment Advisors, LLC (MIA), a Fort Myers, FL investment advisory firm, and Dean […]

On September 5, 2019, the Securities and Exchange Commission filed an emergency action against Glenn C. Mueller, his company Northridge Holdings, Ltd., and other affiliated entities charging them with engaging in a $41 million fraudulent, unregistered securities offering. Yesterday the United States District Court for the Northern District of Illinois entered orders imposing a preliminary […]

Litigation Release No. 24593 / September 13, 2019 Securities and Exchange Commission v. Kevin B. Merrill, et al., Civil Action No. 18-cv-2844-RDB (D. Md. Filed September 13, 2018) Washington D.C., Sept. 13, 2019 – The Securities and Exchange Commission today announced that three individuals previously charged in a $345 million offering fraud have agreed to […]

Litigation Release No. 24592 / September 13, 2019 Securities and Exchange Commission v. Bio Defense Corporation, et al., No. 1:12-cv-11669 (D. Mass. filed Sept. 10, 2012) The Securities and Exchange Commission has obtained final judgments against a Mass.-based company and five former senior executives and consultants, all of whom the agency charged in 2012 with […]

Litigation Release No. 24591 / Sept. 13, 2019 Securities and Exchange Commission v. Adam Mattessich and Joseph (a/k/a Jay) Ludovico, No. 18-cv-5884 (S.D.N.Y. filed June 29, 2018) On September 9, 2019, the Honorable Katherine Polk Failla of the U.S. District Court for the Southern District of New York denied a motion by Adam Mattessich and […]

Litigation Release No. 24590 / September 12, 2019 Securities and Exchange Commission v. Timothy W. Crawford, et al., No. 19-CV-1022 (S.D. Ohio filed March 19, 2019) The Securities and Exchange Commission announced today the entry of a final judgment against Cardinal Energy Group, Inc., a Texas-based oil-and-gas penny stock company, with fraudulently concealing the loss […]