Skip to main content

Blog

SEC Charges Woodbridge Group of Companies LLC operators with running $1.2 billion Ponzi

The Securities and Exchange Commission today announced charges and an asset freeze against a group of unregistered funds and their owner who allegedly bilked thousands of retail investors, many of them seniors, in a $1.2 billion Ponzi scheme. SEC investigators filed this action to prevent further dissipation of investor assets after obtaining court orders in September and November in subpoena enforcement actions that forced the unregistered companies to open […]

Read More

FINRA fines Merrill Lynch $1.4 million for supervisory lapse

The Financial Industry Regulatory Authority (FINRA) announced that it has fined Merrill Lynch, Pierce, Fenner & Smith Incorporated $1.4 million for failing to establish a reasonable supervisory system and procedures to identify and evaluate extended settlement transactions, and for related rule violations. Extended settlement transactions have a longer time between trade and settlement than routine securities […]

Read More

Mehran Tazhibi – Monterey, California

An AWC was issued in which Tazhibi was assessed a deferred fine of $10,000 and suspended from association with any FINRA member in all capacities for two months. Without admitting or denying the findings, Tazhibi consented to the sanctions and to the entry of findings that he made an unsuitable recommendation to retail customers, a […]

Read More

SEC announces temporary suspension of trading in Crypto Currency Company – CRCW

The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of The Crypto Company (“CRCW”), of Malibu, California at 9:30 a.m. EST on December 19, 2017, and terminating at 11:59 p.m. EST on January 3, 2018. […]

Read More

Jeffrey Alan Smith – Irvine, California)

An AWC was issued in which Smith was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for three months. Without admitting or denying the findings, Smith consented to the sanctions and to the entry of findings that he maintained and used pre-signed and altered forms which […]

Read More