Blog Posts Tagged With Miscellaneous

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Follow-on APs, Suspensions, and Bars (Oct. 2019)

  • In re Moez Ben Mohamed Hedri (A.P. Oct. 1, 2019, Settled)
  • In re Portfolio Advisors Alliance, Inc. (A.P. Oct. 7, 2019, Contested)
  • In re Howard J. Allen III (A.P. Oct. 7, 2019, Contested)
  • In re Kerri L. Wasserman (A.P. Oct. 7, 2019, Contested)
  • In re Michael Silva (A.P. Oct. 8, 2019, Settled)
  • In re Harold Wasserman (A.P. Oct. 9, 2019, Settled)
  • In re Lek Securities Corporation and Samuel Lek (A.P. Oct. 10, 2019, Settled)
  • In

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In re Intergrain (A.P. Sept. 30, 2019, Settled)

Action against Respondent, a Luxembourg-based agribusiness, for alleged failure to comply with Regulation 19.01, which requires disclosure when a legal person holds certain agricultural futures in a hedging position.  According to the CFTC, Respondents held or controlled soybean futures that were hedging positions but failed to file the necessary disclosure forms.  Respondent has agreed to pay a civil penalty of $175,000.

CFTC Order

CFTC Press Release
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Delinquent Filings (Sept. 2019)

  • In re Hengyi International Industries Group, Inc., et al. (A.P. Sept. 3, 2019, Contested)
  • In re Tongli Pharmaceuticals (USA), Inc. and Vansen Pharma, Inc. (A.P. Sept. 3, 2019, Contested)
  • In re Black Stallion Oil & Gas, Inc. and Cannabis Science, Inc. (A.P. Sept. 4, 2019, Contested)
  • In re Comarco, Inc. and Eco-Shift Power Corp. (A.P. Sept. 4, 2019, Contested)
  • In re Empire Energy Corporation International, Moller International, Inc., and Rangeford Resources, Inc. (A.P. Sept. 5,

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Follow-on APs, Suspensions, and Bars (Sept. 2019)

  • In re Karen McKinley (A.P. Sept. 3, 2019, Contested)
  • In re Eric Larson Sampson (A.P. Sept. 4, 2019, Settled)
  • In re Terry Wayne Kelly and Kelly Management LLC (A.P. Sept. 5, 2019, Settled)
  • In re Alfred C. Teran (A.P. Sept. 5, 2019, Settled)
  • In re Carol Ann Pedersen (A.P. Sept. 10, 2019, Settled)
  • In re Scott P. Strochak (A.P. Sept. 11, 2019, Settled)
  • In William M. Apostelos (A.P. Sept. 11, 2019, Contested)
  • In re Dennis

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Delinquent Filings (Aug. 2019)

  • In re Agritech Worldwide, Inc., et al. (A.P. Aug. 2, 2019, Contested)
  • In re Empire Energy Corporation, International, et al. (A.P. Aug. 2, 2019, Contested)
  • In re Artisanal Brands, Inc. and Daleco Resources Corporation (A.P. Aug. 5, 2019, Contested)
  • In re American Rare Earths and Materials Corp. (A.P. Aug. 5, 2019, Contested)
  • In re Dutch Gold Resources, Inc. and Paracap Corporation (A.P. Aug. 5, 2019, Contested)
  • In re Alife Corporation, et al. (A.P. Aug. 6,

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Follow-on APs, Suspensions, and Bars (Aug. 2019)

  • In re Alan Shinderman (A.P. Aug. 1, 2019, Settled)
  • In re Quicksilver Stock Transfer, LLC, a/k/a Quicksilver Stock Transfer Corporation (A.P. Aug. 1, 2019, Contested)
  • In re Jason Dwayne Watson (A.P. Aug. 2, 2019, Contested)
  • In re Nandu Thondavadi (A.P. Aug. 5, 2019, Contested)
  • In re Thomas W. Avent, Jr., CPA, Esq. (A.P. Aug. 7, 2019, Settled)
  • In re Sean Kelly (A.P. Aug. 7, 2019, Contested)
  • In re Elizabeth Oharriz (A.P. Aug. 8, 2019, Settled)

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Delinquent Filings (July 2019)

  • In re Africa Growth Corporation and Gold Dynamics Corp. (A.P. July 23, 2019, Contested)
  • In re Gold Lakes Corp. and Novagen Ingenium Inc. (A.P. July 23, 2019, Contested)
  • In re Quantumsphere, Inc. and Shenzhen Yidian Double Way of Innovation Culture Media Corp. (A.P. July 23, 2019, Contested)
  • In re American Smooth Wave Ventures, Inc. (A.P. July 23, 2019, Contested)
  • In re Equality Investments, Inc., et al. (A.P. July 24, 2019, Contested)
  • In re NECO Energy

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Follow-on APs, Suspensions, and Bars (July 2019)

  • In re Henry J. Wieniewitz, III (A.P. July 18, 2019, Settled)
  • In re Laverne C. Moter (A.P. July 1, 2019, Settled)
  • In re James B. Catledge (A.P. July 2, 2019, Settled)
  • In re Pedro L. Gonzalez-Seijo (A.P. July 5, 2019, Settled)
  • In re Paul Douglas Vandivier (A.P. July 9, 2019, Settled)
  • In re Thomas H. Laws, CPA (A.P. July 10, 2019, Settled)
  • In re Kimm C. Hannan (A.P. July 11, 2019, Contested)
  • In re Jehu

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Chairman Jay Clayton Announces Change in SEC Waiver Process (July 3, 2019)

SEC Chairman Jay Clayton issued a statement announcing a change in the SEC’s waiver application process that will streamline the SEC settlement process. The Commission will now consider settlement offers that address both the underlying enforcement actions and waiver of collateral automatic disqualifications as a single proposal; settling parties will also have the opportunity to withdraw an offer of settlement if a waiver request is not granted. This new approach should result in a more
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Follow-on APs, Suspensions, and Bars (June 2019)

  • In re Michael T. Rand, CPA (A.P. June 4, 2019, Contested)
  • In re Kimberly Pine Kitts (A.P. June 6, 2019, Settled)
  • In re Jose G. Ramirez, Jr. (A.P. June 6, 2019, Contested)
  • In re David S. Goulding (A.P. June 10, 2019, Settled)
  • In re Andy Altahawi (A.P. June 10, 2019, Settled)
  • In re Anthony G. Blumberg (A.P. June 12, 2019, Settled)
  • In re Jovannie Aquino (A.P. June 13, 2019, Settled)
  • In re Hugh Dunkerley (A.P.

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Follow-on APs, Suspensions, and Bars (May 2019)

  • In re Paul Peter Gierten (A.P. May 3, 2019, Settled)
  • In re Rocco Roveccio (A.P. May 6, 2019, Settled)
  • In re Jeffrey Francis Thompson (A.P. May 9, 2019, Settled)
  • In re Bryan B. Long, CPA (A.P. May 13, 2019, Settled)
  • In re Jonathan A. Rivera-Padilla (A.P. May 14, 2019, Settled)
  • In re Oscar Ferrer Rivera (A.P. May 14, 2019, Contested)
  • In re Robert M. Schulman, Esq. (A.P. May 16, 2019, Settled)
  • In re Paul B.

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SEC Enforcement Staff Offer Guidance in Panel Discussion (Apr. 11, 2019)

SEC enforcement officials participated in a panel discussion at the PLI SEC Speaks conference in Washington, D.C.  The panel was led by SEC Enforcement Co-Directors Stephanie Avakian and Steve Peiken.  Panelists discussed several topics including cooperation, multijurisdictional and interagency investigations, Wells notices, and negotiations with SEC staff.  Panelists also discussed the implications of the Supreme Court’s decision in Lorenzo v. SEC , which held that an investment banker violated Rules 10b-5(a) and (c), Section 10(b)
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Follow-on APs, Suspensions, and Bars (Apr. 2019)

In re Jennifer F. Wolf, CPA (A.P. Apr. 1, 2019, Settled)

In re Evan R. Kita, CPA (A.P. Apr. 3, 2019, Contested)

In re Joseph Mario Genzone (A.P. Apr. 4, 2019, Settled)

In re Alonzo R. Cahoon (A.P. Apr. 5, 2019, Settled)

In re James K. McKillop (A.P. Apr. 9, 2019, Settled)

In re Adam C. Derbyshire (A.P. Apr. 9, 2019, Settled)

In re Martin R. Stancik (A.P. Apr. 10, 2019, Settled)

In re James
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Senators Propose Doubling SEC Deadline for Recovering Investor Money from Fraudsters (Mar. 14, 2019)

Two members of the Senate Banking Committee introduced the Securities Fraud Enforcement and Investor Compensation Act in the Senate. The bill seeks to amend the Exchange Act to give the SEC ten years to seek restitution for investors from fraudulent actors while maintaining the five-year limitation on SEC disgorgement actions set forth in the Supreme Court’s 2017 decision in Kokesh v. SEC.

Law360 Coverage
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Congressman Proposes Requiring Public Companies to Disclose Board Members’ Cybersecurity Expertise (Mar. 13, 2019)

A member of the House Intelligence Committee has reintroduced the Cybersecurity Disclosure Act of 2019 that would require the SEC to issue a set of rules making publicly traded companies disclose whether any of their board members have cybersecurity expertise, and if not, to justify the skills gap. A companion bill is pending in the Senate.
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Delinquent Filings (Mar. 2019)

In re Cardinal Energy Group, Inc. (A.P. Mar. 18, 2019, Contested)

In re First Liberty Power Corp., et al. (A.P. Mar. 21, 2019, Settled)

In re Golden Global Corp. and Power Efficiency Corporation (A.P. Mar. 27, 2019, Settled)

In re Coupon Express, Inc., et al. (A.P. Mar. 28, 2019, Settled)

In re Hua Yang Investment Group, et al. (A.P. Mar. 28, 2019, Settled)

In re Grey Fox Holdings Corp. (f/k/a Gray Fox Petroleum Corp.), Green
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Follow-on APs, Suspensions, and Bars (Mar. 2019)

In re Raymond K. Montoya (A.P. Mar. 5, 2019, Settled)

In re Lewis Dean McBride (A.P. Mar. 7, 2019, Settled)

In re Jared Jeffrey Davis (A.P. Mar. 15, 2019, Settled)

In re Craig Arsenault (A.P. Mar. 15, 2019, Settled)

In re Robert P. DePalo (A.P. Mar. 18, 2019, Settled)

In re Joshua B. Gladtke (A.P. Mar. 18, 2019, Settled)

In re Gregg A. Lerman (A.P. Mar. 18, 2019, Settled)

In re Richard G. Cody (A.P.
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CFTC and UK Authorities Issue Joint Statement on Continuity of Derivatives Trading and Clearing Post-Brexit (Feb. 25, 2019)

The CFTC and the Bank of England, including the Prudential Regulation Authority and the Financial Conduct Authority, issued a joint statement assuring the market that derivative trading and clearing activities will continue between the U.K. and U.S. after the U.K.’s withdrawal from the EU. The statement sets out a list of measures to ensure regulatory and financial stability, including continued supervisory cooperation, extension of existing CFTC relief and comparability for the U.K., and U.K. equivalence
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Follow-on APs, Suspensions, and Bars (February 2019)

In re Vanessa Puleo (A.P. Feb. 1, 2019, Settled)

In re Yolanda C. Velazquez (A.P. Feb. 1, 2019, Settled)

In re Kenneth Grace (A.P. Feb. 1, 2019, Settled)

In re Andrew B. Scherr (A.P. Feb. 4, 2019, Settled)

In re Frank Dinucci, Jr. (A.P. Feb. 5, 2019, Settled)

In re Ronald W. Nichter (A.P. Feb. 7, 2019, Settled)

In re Christopher Eikenberry (A.P. Feb. 8, 2019, Settled)

In re Timothy S. Batchelor (A.P. Feb. 11,
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