SEC Charges Zan Shaikh and Bright Vision Distribution in Mining Automatic Scheme (LR-26590)
The SEC charged Zan Shaikh and Bright Vision Distribution LLC in SEC Litigation Release LR-26590 for an alleged retail investment fraud scheme.
Law
We cover latest news on investor lawsuits, investigations and investment fraud. Unfortunately, investment fraud is very common, especially with seniors. We report on several different kinds of security fraud that includes Ponzi-Schemes, Bad Accounting and Improper Sales Practices.
Quest Education L.L.C. and Principals Charged With $2.5 Million Unregistered Broker Commissions
The SEC charged Quest Education L.L.C. and several principals with collecting roughly $2.5 million in unregistered broker commissions while soliciting retail customers into private offerings.
David Kushner and La Mancha Funding Corp. Face SEC Charges Over $10.49 Million Sports-Agent Lending Scheme
The SEC charged David Kushner and La Mancha Funding Corp. with raising $10.49 million through a sports-agent lending scheme that misappropriated at least $2.14 million in undisclosed fees.
SEC Charges American Patriot Brands in $30 Million Cannabis Investment Fraud Scheme
The SEC charged American Patriot Brands and affiliated entities in a $30 million cannabis investment fraud scheme, alleging unregistered securities offerings and misrepresentation of material facts.
SEC Charges American Patriot Brands in $30 Million Cannabis Investment Fraud Scheme Read More »
Kim Tran Suspended 9 Months by FINRA Over $14,000 in Falsified Policy Loans at NYLife Securities
Kim Tran, a former NYLife Securities representative with CRD 5575725, accepted a nine-month FINRA suspension and $5,000 fine after allegedly falsifying life insurance policy loans exceeding $14,000.
Jacob Lee Harper Suspended 22 Months by FINRA Over $50,000 in Improper Customer Loans
Financial Industry Regulatory Authority regulators suspended former broker Jacob Lee Harper for 22 months after finding that he improperly borrowed $50,000 from two customers while registered with a member firm. Harper also faces a deferred
Jacob Lee Harper Suspended 22 Months by FINRA Over $50,000 in Improper Customer Loans Read More »
SEC Orders $17.7 Million Disgorgement in American Patriot Brands Fraud Case
The Securities and Exchange Commission secured a final judgment on July 10, 2026, against American Patriot Brands and its executives Robert Y. Lee and Brian L. Pallas. The order requires the cannabis company and related
SEC Orders $17.7 Million Disgorgement in American Patriot Brands Fraud Case Read More »
Weiguo Zhai Settles SEC Insider Trading Charges Over Icosavax Stock
Former AstraZeneca director Weiguo Zhai agreed to pay $21,547 to settle SEC insider trading charges tied to Icosavax stock.
Weiguo Zhai Settles SEC Insider Trading Charges Over Icosavax Stock Read More »
Michael J. Forster Ordered to Pay $144,320 in SEC Pump-and-Dump Scheme
Michael J. Forster must pay $144,320 in disgorgement for a Cuba Beverage Company pump-and-dump scheme. Investors may have recovery options.
Michael J. Forster Ordered to Pay $144,320 in SEC Pump-and-Dump Scheme Read More »
SEC Settles Market Manipulation Charges Against Mingran Wang for $1.3 Million in Ill-Gotten Gains
SEC settles market manipulation charges against Mingran Wang for a spoofing scheme that generated $1.3 million in ill-gotten gains.
