One of the new staples of SEC enforcement is offering
fraud cases. When coupled with Ponzi scheme or investment fund fraud actions,
they constitute a significant portion of the day to day work load of the
reorganized Enforcement Division.
Two recent examples of these cases are SEC v. Detroit
Offering frauds continue to be the focus of the SEC
Enforcement Division. Echoing claims from other recent cases, such as In the
Matter of Scuderi Group, Inc., Adm. Proc. File No. 3-15344 (Filed May 30,
2013) (repeated share placements made under a claimed exemption which were one
years long unregistered...