Category Archives: Unregistered Securities
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 Charge Central Florida Man in $100 Million Unregistered Securities Offering
On August 11th, 2023, the Securities and Exchange Commission (SEC) announced investment fraud charges against Ashraf Mufareh of Central Florida. Notably, the company that Mr. Mufareh owned and controlled (ONPASSIVE LLC) was also named as a defendant. Federal authorities contend that Mr. Mufareh fraudulently raised at least $100 million from more than 800,000 different… Read More »
