Financial Enforcement Actions | Week of Sep 05 to Sep 11

Enforcement Actions Sep 05 - 11 feat image

FTC

1 Enforcement Document

$0.00 in Fines

Penalties: N/A
Respondent: Elanco Animal Health, Incorporated, a corporation; and Bayer Aktiengesellschaft a corporation.
Violation: Pursuant to the Clayton Act and the Federal Trade Commission Act (“FTC Act”), and its authority thereunder, the Federal Trade Commission (“Commission”), having reason to believe that Respondent Elanco Animal Health, Inc. (“Elanco”), a corporation subject to the jurisdiction of the Commission, has agreed to acquire all of the assets of Bayer Animal Health, GmbH, a division of Bayer AG (“Bayer”), a corporation subject to the jurisdiction of the Commission, in violation of Section 5 of the FTC Act, as amended, 15 U.S.C § 45, that such acquisition, if consummated, would violate Section 7 of the Clayton Act, as amended, 15 U.S.C. § 18, and Section 5 of the FTC Act, as amended, 15 U.S.C § 45, and it appearing to the Commission that a proceeding in respect thereof would be in the public interest... Read More

CME

2 Enforcement Documents

$20,000.00 in Fines

Penalties: $20,000.00
Respondent: Eagle Seven LLC
Violation: Pursuant to an offer of settlement in which Eagle Seven LLC (“Eagle Seven”) neither admitted nor denied the rule violation or factual findings upon which the penalty is based, on September 3, 2020, a Panel of the Chicago Board of Trade Business Conduct Committee (“Panel”) found that on trade date April 15, 2019, Eagle Seven purchased May-July 2019 Soybean Oil spreads that created intraday positions of long 9,103 MAY19 Soybean Oil contracts and short 9,094 JULY19 Soybean Oil contracts, which were 1,103 contracts (13.79%) and 1,094 contracts (13.68%) over the single month limit, respectively... Read More

Penalties: N/A
Respondent: Mark R. Slobodnik
Violation: Moreover, the Panel found that between November 20, 2014, and February 20, 2015, Slobodnik failed to comply with an order by the Panel in an Exchange disciplinary proceeding (CME 13-9259-BC) fining him $50,000 and barring him access from any CME Group Inc. trading floor, and direct and indirect access to all electronic trading and clearing platforms owned or controlled by CME Group Inc. for three months for a violation of CME Legacy Rule 432.G... Read More

FINRA

11 Enforcement Documents

$562,500.00 in Fines

Penalties: N/A
Respondent: Bryan G. Mazliach
Violation: Mazliach also failed to have a reasonable basis to believe that his recommended investment strategy was suitable for anyone. He failed to perform reasonable diligence to understand the potential risks associated with the investment strategy that he was recommending, namely how the costs associated with an in-and-out trading strategy would impact the ability of the accounts to turn a profit... Read More

Penalties: $10,000.00
Respondent: Lori Ann Sacco
Violation: From March 2014 to October 2018, while associated with BMO Harris, Respondent falsified ten firm customer account documents by forging and cutting and pasting the customers' signatures or initials on the documents, which she then submitted to the firm for processing as if they had been properly executed... Read More

Penalties: $20,000.00
Respondent: Harry Seth Datys
Violation: From 2012 to 2016, in connection with two securities offerings, Datys offered and sold 24 promissory notes issued by WestPark Capital Inc.'s parent company, WestPark Capital Financial Services LLC, to 14 customers, raising a total of $2,713,200. Datys violated NASD Rule 2310 and FINRA Rules 2111 and 2010 by failing to have a reasonable basis to recommend these notes to customers... Read More

Penalties: $15,000.00
Respondent: SeedChange Execution Services Inc.
Violation: At least from November 2017 to March 2018, SeedChange failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures, for the evaluation of whether its registered persons’ proposed outside business activities constituted outside securities activities... Read More

Penalties: $5,000.00
Respondent: Lauren L. Wing
Violation: In January 2019, Wing executed two trades in the account of a customer without first obtaining his authorization, thereby violating FINRA Rule 2010... Read More

Penalties: $90,000.00
Respondent: Janney Montgomery Scott LLC
Violation: Between October 1, 2014, and April 4, 2018, JANY submitted approximately 6.6 million inaccurate or incomplete Reportable Order Events (ROEs) to OATS... Read More

Penalties: $25,000.00
Respondent: ViewTrade Securities, Incorporated
Violation: In December 2015, ViewTrade acted as the lead placement agent in a best-efforts IPO. The offering was oversubscribed. After secondary trading commenced, more than 4,000 shares were returned to the Firm through trade cancellations and returns... Read More

Penalties: $2,500.00
Respondent: Patrick J. Knox
Violation: In June 2018, Knox took nonpublic personal customer information from Lincoln and gave it to the New Firm, without Lincoln's or the customers' knowledge or consent... Read More

Penalties: $10,000.00
Respondent: David Christopher Davis
Violation: From December 2018 through May 2019, Davis electronically affixed three customers' signatures on insurance policy applications... Read More

Penalties: $10,000.00
Respondent: Jodie Lane
Violation: At all times relevant to this matter, the Firm's written supervisory procedures (WSPs) prohibited brokers from engaging in certain relationships with customers and accepting gifts... Read More

Penalties: $375,000.00
Respondent: INTL FCStone Financial Inc.
Violation: Between January 2016 and October 2016, INTL liquidated low-priced securities for two foreign financial institutions, one of which was an investment management company based in the United Arab Emirates (UAE) and the other a broker based in Sweden... Read More

SEC

30 Enforcement Documents

$2,372,954.38 in Fines

Penalties: N/A
Respondent: REACH Genetics, Inc.
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter... Read More

Penalties: N/A
Respondent: Franklin Hill Acquisition Corporation,
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter... Read More

Penalties: N/A
Respondent: IHO-AGRO International, Inc. n/k/a Grandwon Corp.,
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter... Read More

Penalties: $726,170.52
Respondent: Alexander S. Gould
Violation: Gould willfully violated Section 206(1) of the Advisers Act, which makes it unlawful for any investment adviser, directly or indirectly, to employ any device, scheme, or artifice to defraud any client or prospective client, and 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... Read More

Penalties: N/A
Respondent: Gulf Biomedical Corporation n/k/a Southern Star Energy Corporation,
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: N/A
Respondent: Atlas Resources Series 33-2013 L.P.,
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: N/A
Respondent: Green Technology Solutions, Inc.,
Violation: As discussed in more detail above, the Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligation to file timely periodic reports, and failed to heed a delinquency letter sent to it on February 27, 2020, by the Comission’s Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, the Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: $628,022.13
Respondent: WILLIAM D. KING, CPA
Violation: Respondent willfully violated Section 15(a) of the Exchange Act, which prohibits soliciting the purchase of securities through interstate means as a broker without registering with the Commission; Section 206(2) of the Advisers Act, which prohibits fraudulent or deceitful conduct by an investment adviser; and Section 206(3) of the Advisers Act, which, in pertinent part, prohibits an investment adviser from engaging in a transaction with a client while acting as a principal for its own account without disclosing in writing to the client, before the completion of the transaction, the adviser’s role in the transaction, and obtaining the client’s consent... Read More

Penalties: N/A
Respondent: Krystal Industries, Inc.
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: N/A
Respondent: Hollywood Entertainment Edu Holdings, Inc.
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: N/A
Respondent: STEVEN D. RODEMER,
Violation: The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and Section 203(f) of the Investment Advisers Act of 1940 (“Advisers Act”) against Steven D. Rodemer (“Rodemer” or “Respondent”)... Read More

Penalties: N/A
Respondent: Royale Globe Holding Inc.,
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: N/A
Respondent: Escondido Innovations, Inc.,
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: N/A
Respondent: AFH Acquisition IX, Inc.
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a 2 valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: N/A
Respondent: Armada Enterprises, LP n/k/a BIM Homes, Inc.
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: N/A
Respondent: Benaiah Holdings Group, Inc.
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: N/A
Respondent: American Gene Engineer Corp.,
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: N/A
Respondent: Dominic Tropiano
Violation: The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) against Dominic Tropiano (“Respondent”)... Read More

Penalties: $176,399.21
Respondent: Graham, Bordelon and Golson & Gilbert, Inc.
Violation: Graham Bordelon willfully7 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 may rest on a finding of negligence... Read More

Penalties: N/A
Respondent: Clifford Harris, Jr.
Violation: The Securities and Exchange Commission (“Commission”) deems it appropriate that ceaseand-desist proceedings be, and hereby are, instituted pursuant to Section 8A of the Securities Act of 1933 (“Securities Act”), against Clifford Harris, Jr., a/k/a “T.I.” and “Tip” (“Harris” or “Respondent”)... Read More

Penalties: N/A
Respondent: Dionne Van Zyl
Violation: On July 16, 2020, the Securities and Exchange Commission (“Commission”) instituted administrative proceedings pursuant to Section 203(f) of the Investment Advisers Act of 1940 (“Advisers Act”) against Dionne Van Zyl (“Van Zyl” or “Respondent”)... Read More

Penalties: N/A
Respondent: HD View 360, Inc.
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: N/A
Respondent: Awareness for Teens, Inc.,
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: N/A
Respondent: GRG, Inc. n/k/a EFT Holdings, Inc.,
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: $116,192.00
Respondent: Craig P. Moyes
Violation: As a result of the conduct described above, Moyes 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... Read More

Penalties: N/A
Respondent: Clontech Laboratories, Inc. n/k/a Takara Bio USA, Inc.
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: N/A
Respondent: Steven M Sexton
Violation: The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) against Steven M. Sexton (“Respondent” or “Sexton”)... Read More

Penalties: N/A
Respondent: American Blockchain Biochar Corporation,
Violation: American Blockchain (CIK No. 1709525) is a delinquent Delaware corporation located in Panorama City, CA with a class of securities registered with the Commission under Exchange Act Section 12(g). As of May 15, 2020, the common stock of American Blockchain was not publicly quoted or traded. American Blockchain 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 the period ended June 30, 2018... Read More

Penalties: N/A
Respondent: Samdrew IX, Inc.,
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

Penalties: N/A
Respondent: G.I. Joe’s, Inc.,
Violation: Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligations to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letter. As a result of the foregoing, Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder... Read More

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