Growth Capitalist (https://growthcapitalist.com/author/tbuhl/page/17/)
An attorney who once worked for white-shoe firm Sullivan Cromwell has been charged by the Securities and Exchange Commission for his role in helping China reverse merger consultant Benjamin Wey commit securities fraud in at least three emerging growth companies.
The Securities and Exchange Commission is playing tough against Ironridge Global Partners after the microcap financing firm refused to settle with the agency over alleged securities violations stemming from its debt-to-equity exchange deals.
Within weeks of being sued by the Securities and Exchange Commission for securities fraud and misrepresenting financials in SEC filings, Miller Energy Resources ($MILL) has a deal on the table to settle with the regulator.
Ironridge Global Partners is fighting back against a Securities and Exchange Commission suit to force the San Francisco-based firm to become a broker-dealer or halt its controversial equity-for-liabilities swap deals. The controversy is centered on a finance scheme pioneered by Ironridge that turns unpaid claims into equity and bypasses the requirement to hold restricted stock from trading.
