Microcap Fraud

Archive | Microcap Fraud

ACAP Financial Expelled For Selling Unregistered Securities

December 17, 2016  |   Posted by :   |   Boilerroom, Microcap Fraud, Stockbroker Fraud News   |   0 Comments

ACAP Financial Inc., a broker-dealer headquartered in Salt Lake City, Utah, has been expelled from Financial Industry Regulatory Authority (FINRA) membership per an Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that ACAP Financial, inter alia, facilitated unregistered securities sales. Department of Enforcement v. ACAP Financial, et al., No. 2012030459101 (Dec. 6, […]

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SEC Issues Investor Bulletin Warning Investors of MicroCap Fraud

September 30, 2016  |   Posted by :   |   Microcap Fraud, Penny Stock Fraud   |   0 Comments

The  Office of Investor Education and Advocacy of the United States Securities & Exchange Commission has issued an Investor Bulletin regarding microcap stocks or  as penny stocks.  The Investor Bulletin provides a general information and  a list of “red flags” of fraud and other important factors generally associated with microcap stock fraud. The SEC Investor […]

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Sagepoint Financial Stockbroker Barred For Stock Manipulation

June 08, 2016  |   Posted by :   |   Microcap Fraud, Stockbroker Fraud News   |   0 Comments

Gary Donovan of Newark, Ohio, a stockbroker with Sagepoint Financial, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member after consenting to findings that engaged in stock price manipulation. Letter of Acceptance, Waiver and Consent, No. 2015045600101 (May 27, 2016). According to the AWC, on August 28, 2014, Donovan had effected an […]

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J.H. Darbie & Co, Inc. Fined for Sale of Unregistered Securities

August 26, 2015  |   Posted by :   |   Microcap Fraud, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

J.H. Darbie & Co, Inc. (“Darbie”), a FINRA member since 1998 headquartered in New York City, offers securities business via 59 registered reps between its NY and NJ locations. Wolf A. Popper, Inc. (“Popper”), a FINRA member since 1998 located in NY, is an affiliate of Darbie which share Darbie’s ownership and control. On August […]

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