June 18, 2013

SEC Files Action Against Bridge Securities, LLC, Bridge Equity, LLC, Bridge Equity, Inc. and Fogfuels, Inc.

business man holding his head with text asking questions about stock broker misconduct

The Securities and Exchange Commission (SEC), filed an application with the United States District Court for the Northern District of Georgia on June 12, 2013, for an order to enforce investigative subpoenas that were served on Bridge Securities, LLC, Bridge Equity, LLC, Bridge Equity, Inc. and FOGFuels, Inc. of Atlanta, Georgia. All respondents are under the control of Paul James Marshall, Atlanta, Georgia.

The SEC alleges that on March 14, 2013, they issued a Formal Order Directing Private Investigation entitled "In the Matter of Bridge Securities, LLC." According to the SEC's application, the four entity respondents have failed to comply with validly issued and served subpoenas for documents relating to this investigation, which involves, but is not limited to, the possible offerings and sales of securities interests in one or more of the entity respondents, for which no registration statement was in effect and for which no exemption from registration is available. The investigation relates to possible false and misleading statements by the respondent companies and/or their principals in effecting those transactions in or inducing or attempting to induce the purchase or sale of securities.

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