Monthly Archives: May 2017

SEC Charges One of its Own with Securities Fraud Violations

SEC building

Whether you are an investment adviser in the private sector or one of the SEC’s own employees, the Commission will not hesitate to charge you with securities fraud if they determine you have committed misconduct, regardless of your association. Such was the case with David Humphrey, one of the SEC’s former employees.

Continue reading

Leave a comment

Filed under Investment Advisers, Securities and Exchange Commission

EB-5 Operator Caught in Securities Fraud Scam

images4TALPFX0

Beginning in the spring of 2010 and continuing through 2013, Serofim Muroff and his companies, Blackhawk Manager, LLC and ISR Capital, LLC, sold securities in Blackhawk Gold, LLC and Quartzburg Gold, LLC, to over 280 foreign investors through the EB-5 Program. This program allows foreign investors to petition for U.S. residency after making a qualified investment in a specified job-creating enterprise.

Continue reading

Leave a comment

Filed under Investment Advisers