Jack Howard Accused of Insider Trading Relating to Purchase of Gateway Industries, Inc. Stock

investment fraud attorney ClevelandJack Lawrence Howard purchased stock while in possession of material nonpublic information, according to a complaint filed by the Financial Industry Regulatory Authority’s Department of Market Enforcement.

Howard purchased shares of Gateway Industries, Inc., a publicly traded, non-SEC registrant shell company for which he served as CEO and Chairman of the Board, after he recommended Gateway to an investment banker who approached Howard looking for a shell company into which her client could conduct a reverse merger, according to the complaint.

When the transaction with the banker’s client was announced, Gateway’s share price rose from 1 cent to $1.89, according to the complaint.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.

Broker: Jack Lawrence Howard

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Peiffer Wolf (1248 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.