Penny Stock Peddling New Jersey Executives Allegedly Issued False Press Releases to Inflate Stock Prices

New York investor rights attorney

On November 21, the Securities and Exchange Commission (SEC) charged A father-and-son executive duo at a New Jersey-based penny stock company were charged on November 21 by the Securities and Exchange Commission (SEC) for issuing false and misleading press releases while allegedly stealthily selling thousands of their own stock shares into the market, according to… Read more »

Thomas N. Charbonneau Allegedly Sold Penny Stocks from Own Personal Account; Barred from FINRA

On September 19, 2014, Thomas N. Charbonneau, formerly of Berthel, Fisher & Co. and Feltl & Co., was disciplined by FINRA in connection with multiple instances of professional misconduct, including soliciting clients to purchase a valueless penny stock named X Corp, while simultaneously selling off shares in the same company, a FINRA Letter of Acceptance,… Read more »

Larry Steven Werbel Fined and Suspended In Connection with Sale of QLotus Holdings Inc. Shares

Larry Steven Werbel was sanctioned by securities regulators in connection with claims that Werbel sold unapproved penny stocks to his firm’s customers. Werbel consented to the sanctions without denying or admitting the Financial Industry Regulatory Authority’s (FINRA) factual findings. Werbel solicited eight customers to invest in the low-priced security of QLotus Holdings Inc. (QLTS), according… Read more »

James Helgeson Investigated by Securities Lawyers Following Zeek Rewards-Related Sanctions

James D. Helgeson, a former investment professional, is being investigated by the Peiffer Rosca securities practice attorneys following sanctions against him by securities regulators. Helgeson consented to a one-month suspension and a fine of $5,000 from the Financial Industry Regulatory Authority (FINRA) without denying or admitting FINRA’s factual findings. Attorneys Alan Rosca and Joe Peiffer… Read more »