Regardless of how sophisticated an investor is, the complexity of the securities markets can at times result in an investor being deceived. A good example, is one of the Commission’s most recent cases, SEC v. Moretz, Civil Action No. 5:24-cv-00171
Thomas O. Gorman
Tom has defended public companies and individuals in regulatory actions involving insider trading, market manipulation, financial fraud, corporate governance matters, accounting and auditing issues, FCPA issues, and similar matters. He has also defended securities class action and derivative suits and led teams conducting internal investigations focused on financial fraud and other securities law issues. He regularly speaks on, and publishes articles regarding, securities litigation issues including the FCPA, internal investigations, financial fraud and insider trading. He has been interviewed on these issues by the New York Times, Wall Street Journal, Washington Post, Financial Times, and other leading publications in addition to appearing on CNBC, CNN, and other TV networks. Tom publishes a widely-read securities blog, www.secactions.com, which analyzes trends in securities enforcement inquiries and litigation, and provides expert commentary for the LEXIS Securities web page. He serves as a member of the editorial board of the Securities Regulation Law Journal.
Latest from Thomas O. Gorman - Page 3
This Week In Securities Litigation (Week of August 11, 2025)
The Commission filed three new actions last week. Those cases involved insider trading and two offering fraud actions. The agency also dismissed another group of cases then pending in the Southern District of New York and the Second Circuit. Again,…
Insider Who Did Not Trade but Tipped Friend, Charged and Pays
Insider trading is a long-time key focus of the Commission’s Enforcement Program. Despite the fact that the Commission has repeatedly brought insider trading cases for both small amounts of ill-gotten gains and large amounts of trading profits many still believe…
Investors Lose $1.9 Million to Con Man
Investment fund frauds are often based on a scheme focused on a specific group or one that that has been targeted. The theme often aids the fraudster in marketing the shares to raise money. The case discussed below has some…
Commission Files Action Centered on $1 Billion Offering Fraud
Offering fraud actions are a central focus for SEC Enforcement as we have repeatedly stated. While how much money is involved in the case is not a central focus, it is important. In the Commission’s most recent offering fraud action…
This Week In Securities Litigation (Week of August 4, 2025)
Last week the Commission filed one new enforcement action. The agency also resolved two other cases and initiated a subpoena enforcement action based on a pending investigation. Be careful, be safe. SEC Enforcement – Filed and Settled Actions Statistics: Last…
Adviser Who Lost All Investor Money Banned From Securities Business
Offering frauds are one of the most prevalent types of actions brought by the Commission as we have discussed in this space before. In those actions fraudsters typically spin a yarn to potential investors who almost seem anxious at times…
Former Counselor Defrauds Gold Star Families
Offering frauds are frequently one of the largest categories of actions filed by the Commission’s enforcement divisions as readers of material in this space have frequently heard. Often those targeted by the bogus offerings are supposed friends and at times…
This Week In Securities Litigation (Week of July 28, 2025)
The Commission undertook a series of actions related to enforcement last week reflecting either new cases filed, or actions taken with respect to pending cases. The actions involved cases based on the following topics: acting as a broker without registration;…
The Impact of False Filings
The purpose of making filings with the Commission such as Form 8-K is to inform shareholders, the markets and investors about material transactions involving the filer. In contrast, when false information is injected into the filings the system is thwarted…