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SEC Charges Equity Research Firm Owner

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December 16, 2014

Dear Friends,

Today, the SEC  announced charges against an equity research firm owner for engaging in wash trades Рcreating the misleading appearance of consistent active trading in an otherwise thinly traded stock.

Additionally, the SEC alleges that the owner and his employees acted as unregistered brokers by raising over $2.5 million from investors, on behalf of an issuer, in two private placements, without first registering with the SEC.

Please click here for a link to the SEC’s order. Please feel free to contact us with any questions at (212) 867-0200 or email us at info@counselworksllc.com.

Thank you,

CounselWorks

About CounselWorks LLC

CounselWorks is a strategic business and regulatory consulting firm, that provides project-based consulting and manages compliance and regulatory programs for hedge funds, private equity firms, investment companies, broker-dealers and investment banks.
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