Growth Capitalist (https://growthcapitalist.com/author/tbuhl/page/5/)
A clearing firm owned by John Hurry of Scottsdale Capital Advisors has been charged by the Securities and Exchange Commission with misleading government agencies in reports on its clients’ trading histories and backgrounds.
Veteran microcap deal lawyer Gregg Jaclin was indicted May 18 on eight counts of criminal charges related to securities fraud and obstruction of justice, according to federal court records filed in Northern California by the Department of Justice.
On May 3 the Securities and Exchange Commission sent out letters to companies who had failed to file their 1-K annual reports this year, reminding them they were supposed to file.
The filing, an abbreviated version of the traditional 10-K filed by larger companies, requires audited financial statements and a management report discussing year-to-year performance along with a complete update of the company’s business, ownership and executive staff.
The Securities and Exchange Commission’s enforcement division delivered subpoenas last week to companies who have fallen victim to an alleged advance-fee scheme tied to Regulation A offerings. The scheme, which was first reported by Growth Capitalist in March, is believed to be led by a Southern California man, Steven J. Muehler, who was permanently banned by the SEC last year.
