SEC News

SEC Charges City of South Miami with Defrauding Investors About Tax-Exempt Status of Municipal Bonds May 22, 2013
FOR IMMEDIATE RELEASE2013-91 Washington, D.C., May 22, 2013 — The Securities and Exchange Commission today charged the City of South Miami, Fla., with defrauding bond investors about the tax-exempt financing eligibility of a mixed-use retail and parking structure being built in its downtown commercial district. Additional Materials SEC Order An SEC investiga […]
SEC Charges Chicago-Area Father and Son Conducted Cherry-Picking Scheme at Investment Firm May 16, 2013
FOR IMMEDIATE RELEASE2013-90 Washington, D.C., May 16, 2013 — The Securities and Exchange Commission today charged a father and son and their Chicago-area investment advisory firm with defrauding clients through a cherry-picking scheme that garnered them nearly $2 million in illicit profits, which they spent on luxury homes, vehicles, and vacations. Addition […]
SEC Names Keith F. Higgins as Director of Division of Corporation Finance May 15, 2013
FOR IMMEDIATE RELEASE2013-89 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today named Keith F. Higgins as the new director of the agency’s Division of Corporation Finance. Mr. Higgins comes to the SEC from the law firm of Ropes & Gray LLP where he is a partner in its Boston office with 30 years of experience advising public com […]
SEC Names Lona Nallengara as Chief of Staff May 15, 2013
FOR IMMEDIATE RELEASE2013-88 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today announced that Lona Nallengara has been named the agency’s chief of staff. Mr. Nallengara came to the SEC in March 2011 and served as deputy director for legal and regulatory policy in the Division of Corporation Finance until he was appointed in Decemb […]
SEC Charges China-Based Executives in Scheme to Overstate Revenues and Divert Money for Personal Use May 15, 2013
FOR IMMEDIATE RELEASE2013-87 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today charged husband-and-wife executives at a China-based company with engaging in a scheme to overstate the company’s revenues and divert proceeds from a securities offering for their personal use. Additional Materials SEC Complaint The SEC alleges that RIN […]

TAG | trading options

Sep/12

7

Did You Invest in Options with Whitney Thatcher of Kovack Securities?

Comments off · Posted by Securities Lawyer in FINRA

The Soreide Law Group is currently investigating claims on behalf of Kovack
Securities clients who invested in options with Whitney Thatcher in the firm’s Henderson, Nevada office.

If you have suffered substantial losses due to Mr. Thatcher’s options
recommendations, you may have a claim for recovery. Give us a call to
discuss your potential claim.

To contact Soreide Law Group call: (888) 760-6552, or visit our website and complete our online form at: http://www.securitieslawyer.com.

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Dec/11

23

Elevation LLC, Fined and Censured by FINRA

Comments off · Posted by Securities Lawyer in FINRA

Elevation, LLC (CRD #140341, Charlotte, North Carolina)

submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $10,000.

Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it commenced an options business, engaged in options transactions and designated an individual as its Registered Options Principal (ROP) until his resignation from the firm.

These findings stated that the firm did not notify FINRA of his resignation but instead continued to engage in options business without registering a new ROP.

Also, the findings stated that the firm failed to establish, maintain and enforce an adequate supervisory system for its options activities, including written procedures, reasonably designed to achieve compliance with application securities regulations, and to supervise options transactions in which it engaged.

These findings also included that the firm failed to comply with multiple requirements of FINRA Rule 2360, the options rule, by failing to comply with its registration and customer agreement requirements.

(FINRA Case #2010021236201)

This information is from FINRA’s website’s ‘Disciplinary Actions,’ December, 2011.

Securities Attorney, Lars Soreide, of Soreide Law Group, PLLC, has represented clients nationwide. If you or a family member have experienced losses through Elevation, LLC, call a Securities Arbitration Lawyer for a free consultation on how to potentially recover your losses. To speak with an attorney, call 888-760-6552, or visit www.securitieslawyer.com.

Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.

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TAG | trading options

Did You Invest in Options with Whitney Thatcher of Kovack Securities?

Elevation LLC, Fined and Censured by FINRA

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