Topic
Offering Fraud
74 published works
SEC Actions
SEC Halts Offering Fraud and Secures Freeze Order
The Commission’s retail investor focus has spawned a long series of offering fraud actions. The common element to most of these cases is a series of assurances given to the…
SEC Actions
SEC Halts Offering Fraud and Secures Freeze Order
The Commission’s retail investor focus has spawned a long series of offering fraud actions. The common element to most of these cases is a series of assurances given to the…
SEC Actions
Investors Told Money Would Be Returned After “Stars Aligned”
In yet another of what seems to be an endless stream of offering fraud cases, an individual who claimed to be the heir of a well known drug chain in…
SEC Actions
Phony Tax Credits Are The Center of an Offering Fraud Case
Last week it was a marijuana firm licensed under the laws of Washington State. This week it is federal tax credits tied to energy. Next week it may be crypto…
SEC Actions
Phony Tax Credits Are The Center of an Offering Fraud Case
Last week it was a marijuana firm licensed under the laws of Washington State. This week it is federal tax credits tied to energy. Next week it may be crypto…
SEC Actions
A Job Well Done by the Commission
The Commission’s focus on retail investors has resulted in a series of cases frequently called offering frauds. In those cases, as repeatedly noted in this space, investors typically get lured…
SEC Actions
Marijuana Firm Sells Investors Fictitious Securities
Despite an almost continuous stream of warnings to investors regarding due diligence on investment opportunities, week after week the Commission files another offering fraud action in which a swindle has…
SEC Actions
Retail Investors: A Key SEC Focus
The Commission’s focus on retail investors, reflected not just in enforcement trends but also in the OCIE inspection program, is spawning interesting trends. One is the rise in enforcement actions…
SEC Actions
SEC Second Action Based on Merchant Cash Advance Scheme
As the new decade unfolds the Commission’s Enforcement Division continues to focus on offering fraud actions and, in particular, a claimed lending program called the Merchant Cash Advance. That program…
SEC Actions
Retail Investors and the SEC
The Commission has repeatedly emphasized the main street, retail investor focus of its Enforcement Division in recent months. Earlier this week, for example, Chairman Clayton discussed the point as he…