Category Archives: Penny Stocks
Convertible Note Dealer in South Florida Agrees to Settle Unregistered Securities Case
On January 23rd, 2024, the Securities and Exchange Commission (SEC) took enforcement action against Aryeh Goldstein—and two companies that he owns and controls: Adar Bays, LLC, and Adar Alef, LLC. Mr. Goldstein was accused of acting as an unregistered penny stock dealer. He will now pay $1.25 million as part of a settlement agreement…. Read More »
SEC Charges Penny Stock Dealer in Florida With Failure to Properly Register, Settlement Reached
On June 16th, 2023, the Securities and Exchange Commission (SEC) announced the settlement of securities violation charges against Bryan Pantofel and a company that he owned and managed called BHP Capital NY, Inc. The SEC contends that the firm improperly acted as an unregistered penny stock dealer in Florida. Here, our Miami securities losses… Read More »
SEC Secures Eight Figure Judgment Against Unregistered Penny Stock Dealer In Florida
On December 21st, 2022, the Securities and Exchange Commission (SEC) published an official litigation release announcing that an eight figure judgment has been obtained against a penny stock dealer in Florida. Justin W. Keener—who did business as JMJ Financial—has been ordered to pay $10.2 million. Below, our Miami penny stock fraud attorneys discuss the… Read More »
Two Florida Men Among Five Indicted In ‘Pump And Dump’ Securities Fraud Scheme
On February 17th, 2022, the United States Department of Justice (DOJ) announced that five men, including two from Florida, have been indicted on federal securities fraud charges for their role in an ‘pump and dump’ investment fraud scheme. The DOJ contends that they unlawfully manipulated the price of a health care industry stock. In… Read More »
SEC Litigation Update: Enforcement Action Against Penny Stock Fraud Promoter In Florida
On September 1st, 2021, the Securities and Exchange Commission (SEC) released an official update in a Florida penny stock fraud case. Alexander Kon, a penny stock promoter from Overland Park, Kansas, is facing proposed enforcement action in the United States District Court for the Southern District of Florida. Mr. Kon is accused of violating… Read More »
SEC Charges Florida Company With COVID-19 Related Penny Stock Fraud
On May 14th, the Securities and Exchange Commission (SEC) announced penny stock fraud charges against a Florida-based company and its principal operator. In the United States District Court for the Middle District of Florida, the SEC filed charges against Turbo Global Partners and Chief Executive Officer (CEO) Robert W. Singerman. Federal regulators allege that… Read More »
SEC Charges Miami-Beach Unregistered Penny Stock Dealer in Southern District of Florida
On March 24th, 2020, the Securities and Exchange Commission (SEC) announced charges against Justin W. Keener and his company JMJ Financial. According to federal regulators, the Miami Beach man unlawfully acted as an unregistered penny stock dealer. The agency alleges that Mr. Keener generated nearly $22 million in ill-gotten gains—violating federal law and undermining… Read More »
SEC Halts Florida Penny Stock Fraud Targeted at Senior Citizen Investors
On November 27th, 2019, the Securities and Exchange Commission (SEC) announced that it obtained an emergency order to freeze the assets of a Florida-based penny stock fraud scheme. The fraud at issue in this case allegedly affected more than 110 investors, most of them senior citizens. The defendants named were: NIT Enterprises, Inc.; Gary… Read More »
