Author Archives: Site Administrator
SEC Charges Two Florida Lawyers for Their Roles in Acting as Escrow Agents for Investor Money Placed in a Ponzi Scheme
On September 23, 2014, the SEC charged two Florida attorneys for their roles in an offering fraud conducted by a transfer agent that was the subject of an SEC enforcement action two months ago. The Fraud Cecil Franklin Speight and his company, International Stock Transfer (IST) were running a classic Ponzi scheme where investor… Read More »
Wells Fargo Advisors Agrees to Pay $5 Million Penalty to SEC for Failing to Maintain Adequate Controls and Providing an Altered Document
On September 22, 2014, the SEC announced that it charged Wells Fargo Advisors LLC with: failing to maintain adequate controls to prevent one of its employees from insider trading based on a customer’s nonpublic information, unreasonably delaying its production of documents during the SEC’s investigation, and providing an altered internal document related to a… Read More »
