Securities

Recent Posts

SEC Files Two Offering Fraud Actions Tied to a Horse Farm
Posted on 21 Apr 2015 by Thomas O. Gorman

The Commission filed two settled offering fraud actions centered in part around an entity engaged in the purchase and sale of thoroughbred horses called Raintree Racing. A second involved an offering of interests in a real estate investment firm known... Read More

SEC Files Offering Fraud Action Against Sellers of Over $10M Worth of Bonds to Public
Posted on 19 Nov 2014 by Thomas O. Gorman

A business man, a real estate company he acquired from his grandfather, a registered representative who has now been barred by FINRA from the securities business and Maryland Division of Securities from the advisory business and an unnamed broker teamed... Read More

SEC Files Offering Fraud Action Centered on Three Schemes In Three Years
Posted on 10 Dec 2013 by Thomas O. Gorman

The SEC brought another in a series of offering fraud cases. This one, however, does not focus on just one offering but three since mid- 2011. Promoters Robert Helms and Janniece Kaelin, their entities and Deven Sellers and Roland Barrera are named as... Read More

SEC Files Offering Fraud Action
Posted on 14 Apr 2015 by Thomas O. Gorman

The Commission filed another offering fraud action tied to the sale of interests in the development of oil and gas wells prior to the recent downturn in the price of oil. Beginning in 2010 the defendants raised about $4.4 million from 60 investors through... Read More

SEC Brings an Offering Fraud Action Against a Claimed App Maker
Posted on 20 Aug 2014 by Thomas O. Gorman

The SEC brought an action against a reputed “app” manufacturer who sold shares in two different entities beginning first in Colorado and later from Georgia. From each location, and for each entity, the sales pitch was essentially the same... Read More

  • Blog Post: SEC Files Offering Fraud Action Centered on Three Schemes In Three Years

    The SEC brought another in a series of offering fraud cases. This one, however, does not focus on just one offering but three since mid- 2011. Promoters Robert Helms and Janniece Kaelin, their entities and Deven Sellers and Roland Barrera are named as defendants. SEC v. Helms, Civil Action No. 1:13-cv...
  • Blog Post: SEC Brings an Offering Fraud Action Against a Claimed App Maker

    The SEC brought an action against a reputed “app” manufacturer who sold shares in two different entities beginning first in Colorado and later from Georgia. From each location, and for each entity, the sales pitch was essentially the same. Indeed, investors were told that the second company...
  • Blog Post: SEC Files Offering Fraud Action Against Sellers of Over $10M Worth of Bonds to Public

    A business man, a real estate company he acquired from his grandfather, a registered representative who has now been barred by FINRA from the securities business and Maryland Division of Securities from the advisory business and an unnamed broker teamed-up to sell millions of dollars of bonds to the...
  • Blog Post: SEC Files Offering Fraud Action

    The Commission filed another offering fraud action tied to the sale of interests in the development of oil and gas wells prior to the recent downturn in the price of oil. Beginning in 2010 the defendants raised about $4.4 million from 60 investors through a nationwide offering. The defendants largely...
  • Blog Post: SEC Files Two Offering Fraud Actions Tied to a Horse Farm

    The Commission filed two settled offering fraud actions centered in part around an entity engaged in the purchase and sale of thoroughbred horses called Raintree Racing. A second involved an offering of interests in a real estate investment firm known as Atlanta Rehab which had invested in Raintree Racing...