A small cap company that supplies bodycams to law enforcement, Digital Ally, saw its stock jump over 100% on Monday after protest riots in the U.S. extended over the weekend. The newly minted company gains got the attention of New York-based broker Aegis Capital Corp who convinced Digital Ally’s CEO, Stan Ross, to use its […]
Continue12 May
FINRA Investigation Confirmed: Laidlaw’s Execs Eitner & Ahern directed Securities Fraud
UPDATE 7.20.21: FINRA finally closed out their investigation into Laidlaw’s role in aiding market manipulation for their investment banking clients. The firm was fined $1.5 million, censored, and ordered to create real supervision checks for their brokers. FINRA found the firm didn’t supervise brokers who conducted wash trades crossed the trades, and “marked the close” […]
Continue9 Mar
SEC gets Penny Stock bans for Florida men in Honig Pump & Dump scheme
The Securities and Exchange Commission has finalized the settlement deals for three members of Barry Honig’s pump and dump securities fraud scheme. John Stetson, Michael Brauser, and John O’Rourke III all agreed to penny stock bans at varying degrees and to not hold more than 4.99% in a penny stock. The SEC settlement is seen […]
Continue27 Feb
Judge Dismisses Some SEC claims in Barry Honig Securities Fraud Case: $MGTI
A New York federal judge ruled this week that some of the charges against a defendant in the Barry Honig ring of pump and dump bad actors brought by the Securities and Exchange Commission will be dismissed. Judge Ramos ruled on February 25 that claims 3 and 4 of the SEC’s complaint relating to charging […]
Continue16 Jan
More Charges Coming for Barry Honig P&D Ring Defendants $MGTI
A defendant in the Barry Honig pump and dump securities fraud case disclosed last week the Securities and Exchange Commission is planing on filing additional charges. On Dec 5, 2019 Robert Ladd, CEO of MGT Capital ($MGTI) received a Wells Notice from the Regulator, which stated the new charges related to disclosure issues in public […]
Continue8 Jan
Torque Esports Battles Important Trademark Infringement Case Without Informing Investors: $GAME.V $MLLLF
An electronic gaming company, Torque Esports ($GAME.V) , is at risk of being forced to change it’s TV and event brand name, World’s Fastest Gamer, because a former country musician, Boo McAfee, has sued for trademark infringement and unfair competition. McAfee, who says he owns the trademark for World’s Fastest Drummer, had also developed a […]
Continue31 Dec
Private Text shows Michael Serruya could be part of Misleading Aphria SEC Filing: $APHA $GGB
A private text exchange between an Aphria deal lawyer and a member of the board calls into question the accuracy of an regulatory filing with the Securities and Exchange Commission about a bid cannabis company Green Growth Brands made to takeover Aphria. The bid was deemed as ‘hostile’ by Aphria’s board early this year and […]
Continue12 Dec
Shady Colorado CBD company Folium Biosciences described in Lawsuit attempting reverse merger with Australis : $AUSA $AUSAF
A Colorado Springs wholesale CBD company, Folium Biosciences, announced it is going public via a reverse merger with Australis Capital ($AUSA) this week. Australis Capital is a spin-off of Aurora Cannabis ($ACB) a large Canadian cannabis company. I have reported extensively on some troubling behavior of Folium’s CEO Kashif Shan at Cannabis Law Report. This […]
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