May 22, 2025
The U.S. Securities and Exchange Commission on Thursday dropped several suits targeting businesses for failing to register as securities "dealers" with the agency as required by law, a move that the SEC's sole Democratic commissioner called "astonishing."
January 15, 2021
The founder of a Silicon Valley video streaming service and an investment manager have been indicted for allegedly orchestrating a pump-and-dump stock fraud scheme, Illinois federal prosecutors announced Friday.
December 20, 2019
Two companies accused of involvement in an $8.3 million penny stock scheme have agreed not to sell unregistered stocks and will exit a federal securities action, an Illinois federal judge said Friday.
December 04, 2019
A Chicago private equity firm and its executives accused of acting as unregistered brokers and dealers must face the U.S. Securities Exchange Commission's lawsuit seeking to hold them liable over an alleged $17.8 million stock scheme, an Illinois federal judge said Wednesday.
November 25, 2019
A Chicago private equity firm and two executives argued Monday that the U.S. Securities and Exchange Commission hasn't lobbed enough allegations to advance claims that they acted as unregistered securities dealers and brokers in carrying out a $17.8 million stock scheme.
July 12, 2019
The U.S. Securities and Exchange Commission is fighting bids by River North Equity LLC and its sole manager to dodge claims over an alleged $17.8 million stock scheme, saying the private equity firm's trading activities prove it's "not an ordinary trader."
May 13, 2019
Private equity firm River North Equity LLC and its sole manager want out of a U.S. Securities and Exchange Commission enforcement action, saying the agency has not shown that the firm was a "dealer" in connection to an alleged stock manipulation scheme.