“Rather than allow the markets to set the prices of the companies’ securities through the natural interplay of supply and demand, the Defendant engaged in numerous practices aimed at misleading the market to increase and maintain artificially high prices so that he and others could sell of their holdings for substantial gains.”
Category: USA
US markets regulator the SEC issues Administrative Proceedings against Canadian prospecting firm Zeb Oro Explorations Inc.
Zeb Oro Explorations Inc. the Canadian resource exploration firm has had it’s SEC license permanently revoked after failing to file accounts since 2001 and failing to maintain a valid address on file with…
US SEC issues administrative proceedings against chief compliance officer for RRBB Asset Management, Inc.
The SEC has brought proceedings against Carl S. Schwartz, a NJ-based CPA, for violating the Investment Advisers Act of 1940. He’s been ordered to pay fines.
US Securities and Exchange Commission instigates administrative proceedings against Nevada based Wisdom Homes of America
The Securities and Exchange Commission has instituted public administrative proceedings against Wisdom Homes of America, Inc. (WOFA). The Division of Enforcement alleges that WOFA is delinquent in its periodic filings and has failed to meet its obligations to file timely reports.