Category Archives: Securities Fraud

SEC Suspends Trading in 255 “Shell” Companies

Today, the Securities and Exchange Commission (SEC) issued a Press Release announcing that as a result of its micro-cap fraud-fighting initiative they named “Operation Shell-Expel”, they suspended trading in 255 dormant shell companies in 26 states and 2 foreign countries, … Continue reading

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SEC Not Liable for Madoff

On Wednesday April 10, the Second U.S. Circuit Court of Appeals upheld a lower court’s rejection of claims by a number of former Madoff clients who argued “the SEC negligently failed to adequately investigate Bernard Madoff despite numerous warnings.” The … Continue reading

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