Many people claim there is “no free lunch;” others claim that “nothing is free;” and of course there are multiple variations of each of these slogans. Look at the securities markets. Some securities traders think that trading can be free.
SEC Actions
The SEC Actions blog, published by Thomas O. Gorman, focuses on enforcement actions and litigation related to securities regulation. It covers topics such as investment fraud, Ponzi schemes, financial fraud, account takeovers, false statements, and settlement of SEC cases. The blog also discusses specific types of fraud involving acquisitions of brand name entities and investment schemes. It provides updates on new SEC enforcement filings and settlements, highlighting patterns and risks in securities litigation and regulatory compliance.
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What Happens if Agencies Like the SEC are Materially Weakened?
The theme today seems to be “what a difference a day makes.” Last week the Commission was counting the billions of dollars it recovered from the fraudulent schemes of Robert Allen Stanford. This week the agency is trying to justify…
This Week In Securities Litigation (Week of March 3, 2025)
Last week the Commission filed two new enforcement actions. Both cases focused on sham transactions. In addition, the Commission completed the case against Robert Allen Stanford and those who worked with him. The case traces to 2009. Be careful, be…
Ponzi Scheme Master Robert Allen Stanford Enjoined, Fined and Penalized by SEC
Ponzi schemes have long been a focus of SEC enforcement. Last week we published an article regarding the latest case in this area initiated by the agency. While Bernie Madoff may still be the most well-known operator of such a…
This Week In Securities Litigation (Week of February24, 2025)
Last week the commission filed three new enforcement actions. Those cases were based on claimed offering frauds, manipulation, a Ponzi scheme and making false statements. Be careful, be safe this week and be warm SEC Enforcement – Filed and Settled…
Commission Resolves Ponzi Scheme and Offering Fraud
Ponzi schemes have been a key focus for SEC enforcement at least since the days of Bernie Madoff. The typical Ponzi scheme is, in reality, nothing but a lie or sham transaction – the operator sells shares of a company…
No Investment Returns From A Most Attractive Opportunity
One of the classic frauds is the “to good to be true” deal. All too frequently investors hear about an opportunity that is so good it becomes virtually impossible to turn down. These are the “once in a lifetime” and…
This Week In Securities Litigation (Week of February 17, 2025)
The Commission filed three new enforcement actions last week. Two are based on insider trading claims. A third centers on alleged false statements. Be careful, be safe this week and be warm SEC Enforcement – Filed and Settled Actions Statistics:…
Lies and False Statements Used by Traders of Illiquid Securities
Trading securities depends in part on obtaining pertinent, accurate information about the investment in a timely fashion. In contrast, having false or incomplete information can cause a misjudgment to be made. If such information becomes part of the mix of…
Commission Concludes Multimillion Dollar Market Manipulation Action
Manipulation is one of the Commission’s long time focal points for enforcement. The reason is obvious – manipulation distorts the price and the market. Despite this focus by the agency and a multitude of cases, manipulation continues to be a…