August 02, 2021
A Florida federal jury on Friday largely rejected the U.S. Securities and Exchange Commission's allegations that Spartan Securities Group Ltd. was complicit in a scheme to create sham companies and fraudulently sell their stock on over-the-counter markets.
November 23, 2020
The U.S. Securities and Exchange Commission urged a Florida federal court on Friday to reject Spartan Securities' bid to block the use of the term "shell factory" in an upcoming trial over allegations that the broker-dealer was complicit in the creation of sham companies that allegedly fraudulently sold stock.
August 24, 2020
The U.S. Securities and Exchange Commission is pushing a "radical expansion" of its rules in accusing a broker-dealer and a transfer agent of assisting a scheme to create sham companies and sell free-trading stock to the public, the two businesses told a Florida federal court.
February 26, 2020
A Florida federal judge on Wednesday sanctioned the two principals of broker-dealer Spartan Securities Group Ltd. for failing to show up to a mediation in the U.S. Securities and Exchange Commission's suit alleging that they schemed to create sham companies and sell "free-trading" stock to the public.