Concorde Group Holdings Inc. was named in a recent SEC action brought against the company’s owner, Craig Zabala. Concorde Group Holdings is a Delaware-based company with a principal place of business in New York. The SEC complaint alleges that between February 2015 and August 2019, Zabala defrauded 17 investors by making allegedly false statements in…

Read More

NS8, a Nevada-based company, is the subject of a recent SEC investigation. The SEC has filed civil charges against the fraud detection software company’s CEO, Adam Rogas, for allegedly lying to investors and stealing from the company. The regulatory authority alleges that Rogas raised approximately $123 million from investors by providing falsified financial statements that…

Read More

On September 16, 2020, Cardone Capital, LLC and Grant Cardone were sued for securities fraud by an investor.  The securities class action lawsuit was filed in the Central District of California and alleges that Cardone made false and misleading statements in connection with various investment funds issued through Cardone Capital. Cardone Capital purports to provide…

Read More

Christopher Porter (CRD #: 1911339), a broker and an investment adviser registered with Madison Avenue Securities, LLC, is involved in a customer dispute involving unsuitable recommendations, according to his BrokerCheck record, accessed September 17, 2020. On August 31, 2020, a client alleged that Christopher Porter made an unsuitable recommendation into alternative investments, including GPB Automotive.…

Read More

Introduction In a record-breaking move, the Securities and Exchange Commission has awarded $50 million to a whistleblower. The whistleblower’s insider observations of misconduct by a company resulted in millions of dollars being returned to defrauded investors, according to a press release published by the SEC on June 4, 2020. To protect the identity of the…

Read More

Monsoon Capital, an investment adviser specializing in Indian real estate and private equity markets, has been sanctioned by the Securities and Exchange Commission, according to a cease-and-desist order issued by the SEC on April 30, 2020. At the center of this case is Gautam Prakash, the founder, owner, senior managing director, and chief compliance officer…

Read More

Monsoon Capital, an investment adviser specializing in Indian real estate and private equity markets, has been sanctioned by the Securities and Exchange Commission, according to a cease-and-desist order issued by the SEC on April 30, 2020. At the center of this case is Gautam Prakash, the founder, owner, senior managing director, and chief compliance officer…

Read More

As the COVID-19 crisis wreaks havoc on the financial markets and unscrupulous individuals try to capitalize on the vulnerability of investors to make a quick buck, the Securities and Exchange Commission has suspended trading in over 20 stocks, according to Law360. The majority of these stocks traded on the Over-the-Counter (OTC) Markets.  The OTC Market…

Read More

As panic over COVID-19 spreads across the country, one company has capitalized on the panic—and come under fire from the Securities and Exchange Commission, according to an April 8, 2020 report from NPR. Wellness Matrix Group sold what they claimed were at-home COVID-19 tests, asserting that their test kits were “FDA vetted and approved.” But…

Read More

As the coronavirus pandemic rages on, forcing Americans to work from home on an unprecedented scale, there has been increased interest in teleworking technology, specifically videoconferencing software. As COVID-19 hammers the stock market, there is one company—and one stock—that everyone is talking about: Zoom Video Communications. Founded in 2011 by Eric Yuan, Zoom has become…

Read More