Even-handed Thievery: SEC Sanctions Unregistered Investment Adviser for...
Gregory Blotnick (“Blotnick”), age 35, is a resident of Palm Beach, Florida. He was the founder, sole owner, managing partner, and only employee of Brattle Street Capital, LLC, a New York limited...
View ArticleDefrauding D Orders: SEC Cracks Down on Manipulative Day Trader
On Tuesday, Aug. 16, 2022, the U.S. Securities and Exchange Commission (“SEC”) instituted Administrative and Cease-and-Desist Proceedings (the “Proceedings”) against Conrad Neil Normann (“Normann”),...
View ArticleThe Fourth Crow: SEC Sues Nonexistent Fund and Unidentified Agents
This is a tale of the inventiveness offered to fraudsters by the Internet, and the resulting problems presented to one of the “cops on the beat,” i.e., the U.S. Securities and Exchange Commission...
View Article“Oh, Baloney!” SEC Sues Father, Son, and Friend for Manipulating the Stock of...
Paulsboro, New Jersey, is a small (2020 census: 6,196 residents) borough in Gloucester County, created in 1904 when the New Jersey Legislature carved it out of Greenwich Township. It was named after...
View ArticleUnderwater Investment: SEC Sues Hawaiian Semisubmersible Company for Offering...
In 2003, then 50 -year-old Curtiss E. Jackson, a California resident (“CEJ”), founded two entities: Semisub CA and Semisub LLC, “with the stated purpose of constructing and later operating a partially...
View ArticleData (D)Riven: SEC Sanctions Market Players for Trade Info Failures
On Wednesday, Sept. 6, 2023, the U.S. Securities and Exchange Commission (“SEC”) issued an Order approving an amended funding model for the Consolidated Audit Trail (the “CAT”), setting in motion the...
View ArticleThe Corporate Transparency Act: Key Areas of Consideration for Legal Opinions
The Corporate Transparency Act (“CTA”) takes effect on January 1, 2024. The CTA is administered by, and requires filing beneficial ownership information (“BOI”) with, the Financial Crimes Enforcement...
View ArticleCorrupt Power: SEC Sanctions Utility and Sues CEO for Paying Bribes
Chicago is renowned as the scene of many misdeeds. Only in the “Windy City” is the holiday generally dedicated to expressing affection best remembered for the “St. Valentine’s Day Massacre” of a rival...
View ArticleNot Up to PAR: Regulators Sue Entities and Individuals for Fraudulent...
What was a small businessperson to do? In the aftermath of the “Great Recession” (2007 – 2009), the U.S. economy took its own sweet time in recovering from a widespread collapse of value. In response...
View ArticleACCELERATING EMMA: Time and Price in Municipal Securities Transactions
Settlement Time One of the great truisms is “Time is Money,” and there is no better exposition of the factors that demonstrate the truth of this statement than “The Price of Time: The Real Story of...
View Article
