Growth Capitalist (https://growthcapitalist.com/prominence/category-featured/page/48/)
This will allow you to designate a story to appear more prominently on category archive pages.
The Financial Industry Regulatory Authority has sued Scottsdale Capital Advisors, an Arizona-based broker-dealer, for the alleged sale of 74 million shares of unregistered securities of three U.S. microcap companies from December 2013, through June 2014. The regulator brought the enforcement action against Scottsdale on May 17 after many months of legal sparring with Scottsdale principal John Hurry.
A penny stock scam case highlighted by the SEC’s enforcement chief Andrew Ceresney against foreign broker-dealers is now falling apart after a U.S. federal judge intervened and scolded the agency for its negligence in requesting an asset freeze.
Alternative trading markets operator OTC Markets Group has finalized new rules enabling issuers to list their Regulation A+ securities on two of its marketplace tiers. OTC Markets is vying to be the market leader in trading Reg A+ offerings in the secondary market by moving early to accept these capital raising deals for emerging growth companies.
The Department of Justice is getting tough on gatekeepers in the microcap industry, using wire taps to turn co-conspirators into confidential informants and secure guilty pleas and jail time. The latest is 46 year-old reverse merger lawyer Adam S. Gottbetter, who operated a law firm and placement agent specializing in alternative public offerings (APOs) of microcap stocks.
