On July 8, 2014, The Securities and Exchange Commission (SEC) filed administrative proceedings against Lawrence M. Labine. According to the complaint, between July 2008 and August 2009, Lawrence M. Labine recommended and sold more than 100 of his advisory and brokerage clients an “alternative investment in a class of debt securities issued by a startup company named Domin-8”. What Lawrence M. Labine failed to tell his clients, however, was that Lawrence M. Labine was going to receive large commission on those sales as well as the right to purchases shares in Domin-8.

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