196 Enforcement Actions in the U.S. over past 30 days

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FRS enforcements decreased 100% over the past 30 days

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SEC issued enforcements: $59,971,440.07 over the past 30 days

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78 Final Rules go into effect in the next 30 days

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22 Mortgage Lending docs published in the last 7 days

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103 docs with 1146 extracted obligations from the last 7 days

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48 new Proposed and Final Rules were published in the past 7 days

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1735 new docs in pro.compliance.ai within the last 7 days

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Introducing new content from WesPay

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FTC

13 Enforcement Documents

$0.00 in Fines

Penalties: N/A
Respondent: ONE OR MORE UNKNOWN PARTIES DECEIVING CONSUMERS INTO MAKING PURCHASES THROUGH: www.cleanyos.com, www.arlysol.com, www.broclea.com, www.cadclea.com, www.cleancate.com, www.cleankler.com, www.cleanula.com, www.clean-sale.com, www.clean-sell.com, www.clorox-sale.com, www.clorox-sales.com, www.cloroxstore.com, www.crlysol.com, www.elysol.com, www.littletoke.com, www.lybclean.com, www.lysoiclean.com, www.lysol-clean.com, www.lysol-cleaners.com, www.lysol-free.com, www.lysolsales.com, www.lysolservicebest.com, www.lysol-sell.com, www.lysol-wipe.com, and www.thaclean.com
Violation: Section 5(a) of the FTC Act, 15 U.S.C. § 45(a), prohibits “unfair or deceptive acts or practices in or affecting commerce.” “[M]isrepresentations of material facts made for the purpose of inducing consumers to [make] purchase[s] constitute unfair or deceptive acts or practices forbidden by Section 5(a).” FTC v. E.M.A. Nationwide, Inc., 767 F.3d 611, 630 (6th Cir. 2014) (citations and internal quotation marks omitted)… Read More

Penalties: N/A
Respondent: Stryker Corporation; Wright Medical Group N.V
Violation: The Federal Trade Commission (“Commission”) has initiated an investigation of the proposed acquisition by Stryker Corporation (“Stryker”) of the voting securities of Wright Medical Group N.V. (“Wright”), collectively “Proposed Respondents.” The Commission’s Bureau of Competition has prepared a draft administrative complaint (“Draft Complaint”)… Read More

CFPB

8 Enforcement Documents

$2.00 in Fines

Penalties: $1.00
Respondent: SMART Payment Plan, LLC
Violation: Respondent borrowed a total of $115,000 from two firm customers through an LLC he partly owned, without the firm’s knowledge or approval, in violation of FINRA Rules 3240 and 2010… Read More

Penalties: N/A
Respondent: Driver Loan, LLC; Angelo Jose Sarjeant
Violation: The Consumer Financial Protection Bureau (Bureau) filed a lawsuit against Driver Loan, LLC and its Chief Executive Officer, Angelo Jose Sarjeant, for violations of the Consumer Financial Protection Act of 2010 (CFPA)… Read More

Penalties: N/A
Respondent: Performance SLC, LLC; Performance Settlement, LLC; Daniel Crenshaw
Violation: The Bureau filed a lawsuit in the federal district court for the Central District of California against Performance SLC, LLC (PSLC), a California debt-relief business focused on federal student loan debt; Performance Settlement, LLC (PSettlement), a California debt-settlement company; and Daniel Crenshaw, the owner and CEO of the two companies… Read More

FRS

1 Enforcement Document

$12,000.00 in Fines

Penalties: $12,000.00
Respondent: Farmers Bank & Trust Company
Violation: In connection with the Bank’s pattern or practice of violations of Regulation H, 12 C.F.R. § 208.25, which implements the requirements of the Act… Read More

FINRA

7 Enforcement Documents

$175,000.00 in Fines

Penalties: N/A
Respondent: Marc N. Jaffe
Violation: Jaffe violated Article III, Section 3(b) of FINRA’s By-Laws, NASD Rule 1031 (before October 1, 2018), and FINRA Rules 1210 (after September 30, 2018), and 2010; IBS and Helmle each violated Article III, Section 3(b) of FINRA’s By-Laws, NASD Rule 1031 (before October 1, 2018), and FINRA Rules 1210 (after September 30, 2018), 2010, and 8311; and Wood violated FINRA Rule 2010… Read More

Penalties: $100,000.00
Respondent: Gurpreet Chandhoke, Stephen Shea
Violation: Respondents violated: FINRA Rule 3270; NASD Rule 3050(c); NASD Rule 3040 (for conduct occurring prior to September 21, 2015) and FINRA Rule 3280 (for conduct occurring on or after September 21, 2015); and FINRA Rule 2010… Read More

Penalties: N/A
Respondent: Matthew B. Nekuza
Violation: Nekuza converted firm funds in violation of FINRA Rule 2010 by obtaining approximately $20,846 in goods and services which were personal expenses he charged to his firm-issued credit card… Read More

Penalties: N/A
Respondent: Lucas Mandon King
Violation: While registered as an investment company products/ variable contracts representative through State Farm, and dually employed as an agent with the firms insurance affiliate, SFMAIC, King converted $7,083.97 in insurance premiums for his personal use and benefit in violation of FINRA Rule 2010… Read More

Penalties: $300,000.00
Respondent: First Clearing, LLC (now known as Wells Fargo Clearing Services, LLC)
Violation: First Clearing distributed 6,851 account statements to customers containing valuation information for one or more Direct Participation Programs (DPPs) or Real Estate Investment Trusts (REITs) that did not comply with NASD Rule 2340(c)… Read More

Penalties: $5,000.00
Respondent: Bradley Hildebrand
Violation: Respondent improperly accessed from the firm’s system documents containing confidential information relating to the firm’s representation of a privately-held company in a sale transaction… Read More

Penalties: $5,000.00
Respondent: Ivan Shore
Violation: Shore engaged in an unsuitable pattern of short-term trading of Unit Investment Trusts in customer accounts. Based on the foregoing, Shore violated NASD Rule 2310 (for conduct before July 9, 2012), FINRA Rule 2111 (for conduct on or after July 9, 2012), and FINRA Rule 2010… Read More

CFTC

1 Enforcement Document

$900,604.00 in Fines

Penalties: $900,604.00
Respondent: Venture Capital Investments Ltd., Breonna S. Clark
Violation: Commission asserted four claims under the Commodity Exchange Act: (1) fraud by a community pool operator or community trade advisor in violation of 7 U.S.C. § 6o(1); (2) fraud by deceptive device in violation of 7 U.S.C. § 9(1); (3) failure to register as a community pool operator in violation of 7 U.S.C. § 6(m)(1) and provisions implementing regulation, 17 C.F.R. § 5.3 (a)(2)(i); and (4) failure to register as a community trade advisor in violation of 7 U.S.C. § 6m(1) and that provision’s implementing regulation, 17 C.F.R. § 5.3(a)(3)(i)… Read More

SEC

17 Enforcement Documents

$2,479,835.00 in Fines

Penalties: N/A
Respondent: Super Micro Computer Inc.
Violation: The Commission issued the “Omnibus Order Directing the Appointment of Tax Administrator in Administrative Proceedings that Establish Distribution Funds” (“Omnibus Order”),1 authorizing the Secretary to issue orders for calendar years 2019-2021 appointing, upon request by the Commission staff, Miller Kaplan Arase LLP (“Miller Kaplan”), a certified public accounting firm, with one of their offices located in San Fransciso, California, as tax administrator (“Tax Administrator”) in administrative proceedings where the distribution fund may incur tax-related obligations as a Qualified Settlement Fund (“QSF”) under the Department of the Treasury Regulation § 1.468B-1(c)… Read More

Penalties: $18,569.60
Respondent: Michael J. Pires
Violation: Respondent violated Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, which prohibit fraudulent conduct in connection with the purchase or sale of securities, and Section 14(e) of the Exchange Act and Rule 14e-3 thereunder, which prohibit fraudulent conduct in connection with any tender offer… Read More

Penalties: N/A
Respondent: Terrence Chalk, et al
Violation: The SEC’s complaint, filed in U.S. District Court for the Southern District of New York, charges Chalk, Greenlight Business Solutions Inc., Greenlight Consulting Corp., Greenlight Advantage Group Inc., and Greenlight Investment Partners Inc. with violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder… Read More

Penalties: N/A
Respondent: Kroll Bond Rating Agency, LLC
Violation: The Commission issued the “Omnibus Order Directing the Appointment of Tax Administrator in Administrative Proceedings that Establish Distribution Funds” (“Omnibus Order”),1 authorizing the Secretary to issue orders for calendar years 2019-2021 appointing, upon request by the Commission staff, Miller Kaplan Arase LLP (“Miller Kaplan”), a certified public accounting firm, with one of their offices located in San Fransciso, California, as tax administrator (“Tax Administrator”) in administrative proceedings where the distribution fund may incur tax-related obligations as a Qualified Settlement Fund (“QSF”) under the Department of the Treasury Regulation § 1.468B-1(c)… Read More

Penalties: N/A
Respondent: Logitech International, S.A., Michael Doktorczyk and Sherralyn Bolles, CPA
Violation: The Secretary, pursuant to delegated authority, published a Notice of Proposed Plan of Distribution and Opportunity for Comment (“Notice”),1 pursuant to Rule 1103 of the Commission’s Rules on Fair Fund and Disgorgement Plans (“Commission’s Rules”).2 The Notice advised interested persons that they could obtain a copy of the Proposed Plan of Distribution (“Proposed Plan”) from the Commission’s public website or by submitting a written request to Catherine E. Pappas, Senior Adviser, United States Securities and Exchange Commission, One Penn Center, 1617 JFK Blvd., Ste. 520, Philadelphia, PA 19103… Read More

Penalties: N/A
Respondent: Conrad A. Coggeshall
Violation: A judgment was entered by consent against Coggeshall, permanently enjoining him from violating Section 17(a) of the Securities Act of 1933 (“Securities Act”) and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, in the civil action entitled Securities and Exchange Commission v. Conrad A. Coggeshall, et al., No. CV-19-05667-PHXSMB, in the United States District Court for the District of Arizona… Read More

Penalties: $258,414.00
Respondent: Capitol Securities Management Inc.
Violation: Respondent willfully violated Section 206(2) of the Advisers Act, which makes it unlawful for any investment adviser, directly or indirectly, to “engage in any transaction, practice or course of business which operates as a fraud or deceit upon any client or prospective client.” Scienter is not required to establish a violation of Section 206(2), but rather a violation may rest on a finding of negligence… Read More

Penalties: N/A
Respondent: Atlas Resources Series 33-2013 L.P
Violation: The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors to accept the Offer of Settlement submitted by Atlas Resources Series 33-2013 L.P. (“Atlas” or “Respondent”) pursuant to Rule 240(a) of the Rules of Practice of the Commission, 17 C.F.R. § 201.240(a), for the purpose of settlement of these proceedings initiated against Respondent on September 10, 2020, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”)… Read More

Penalties: $50,000.00
Respondent: Frank G. Mueller
Violation: A final judgment was entered against Mueller, permanently enjoining him from future violations of Sections 17(a)(1) and (3) of the Securities Act of 1933, Sections 10(b) and 13(b)(5) of the Exchange Act and Rules 10b-5, 13b2-1, 13b2-2, and 13a-14 thereunder, and from aiding and abetting violations of Sections 13(a) and 13(b)(2) of the Exchange Act and Rules 12b-20 and 13a-1 thereunder in the civil action entitled Securities and Exchange Commission v. Frank G. Mueller, Civil Action Number 1:20-cv-00984-JB-JHR, in the United States District Court for the District of New Mexico… Read More

Penalties: $425,000.00
Respondent: Ieremenko et al
Violation: Cho, Olefir and Capyield consented to the entry of final judgments that would permanently enjoin them from violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Section 17(a) of the Securities Act of 1933… Read More

Penalties: N/A
Respondent: Escondido Innovations, Inc.
Violation: The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors to accept the Offer of Settlement submitted by Escondido Innovations, Inc. (“Escondido” or “Respondent”) pursuant to Rule 240(a) of the Rules of Practice of the Commission, 17 C.F.R. § 201.240(a), for the purpose of settlement of these proceedings initiated against Respondent on September 10, 2020, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”). Escondido (CIK No. 0001722040) is a delinquent Delaware corporation located in Gilbert, Arizona with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Escondido has failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder because it has not filed any periodic reports with the Commission since it filed a Form 10-12G/A on June 12, 2018… Read More

Penalties: $1,487,851.00
Respondent: Curative Biosciences, Inc. f/k/a Healthient, Inc., William M. Alverson, Katherine West Alverson, and Steven G. Patton
Violation: The SEC’s evidence at trial showed that the Alversons directed Curative Biosciences to issue shares to third parties under the pretext that they were in payment for services rendered or in discharge of debt. In fact, the shares were to be sold in the market to unsuspecting investors, and over $4 million in proceeds was routed back to the Alversons for their personal use… Read More

Penalties: N/A
Respondent: David F. Bandimere
Violation: The SEC’s complaint, filed in the federal district court for the Central District of California, charges all of the defendants with violating the broker-dealer registration provision of Section 15(a)(1) of the Securities Exchange Act of 1934. Forester, Hicks, and Krampf have consented, on a neither-admitnor-deny basis, to the entry of judgments that impose permanent injunctions, conduct-based injunctions from soliciting purchases or sales of securities, and that reserve the issue of a civil penalty for determination by the court. The settlements are subject to court approval… Read More

Penalties: N/A
Respondent: Salvatore Ciccone
Violation: A judgment was entered by consent against Salvatore Ciccone, permanently enjoining him from future violations of Sections 5 and 17(a) of the Securities Act of 1933, and Sections 10(b) and 15(a) of the Exchange Act and Rule 10b-5 thereunder, in the civil action entitled SEC v. Bryan Arias, Civil Action Number 12-CV-2937, in the United States District Court for the Eastern District of New York… Read More

Penalties: $240,000.00
Respondent: Mohammed Ali Rashid
Violation: The SEC’s complaint, filed on October 25, 2017, alleged that Rashid allocated personal expenses to private equity funds that he and Apollo advised by misrepresenting the expenses as legitimate business expenses… Read More

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