About Gilbert J. Bradshaw

Transactional attorney concentrating in securities and tax law

FOR IMMEDIATE RELEASE 2017-88 Washington D.C., May 1, 2017— The Securities and Exchange Commission today announced that a South Korea-based semiconductor manufacturer and its former CFO have agreed to settle charges related to an accounting scheme to artificially boost revenue and manipulate the financial results reported to investors. The SEC’s order finds that MagnaChip Semiconductor…

FOR IMMEDIATE RELEASE 2017-87 Washington D.C., April 28, 2017— The Securities and Exchange Commission today announced that an Idaho man has agreed to pay back several million dollars he siphoned away for personal use rather than investing it as promised to create U.S. jobs through the EB-5 Immigrant Investor Program. The SEC alleges that Serofim…

FOR IMMEDIATE RELEASE 2017-86 Washington D.C., April 28, 2017— The Securities and Exchange Commission today announced charges against two former executives at a government contractor that was the subject of an SEC enforcement action earlier this year and paid a $1.6 million penalty for accounting failures. The SEC Enforcement Division alleges that David Pruitt, the…

FOR IMMEDIATE RELEASE 2017-85 Washington D.C., April 25, 2017— The Securities and Exchange Commission today charged a former broker with knowingly or recklessly trading unsuitable investment products in the accounts of five customers and misappropriating more than $170,000 from one of those customers. The SEC’s complaint alleges that Demitrios Hallas repeatedly traded unsuitable investments in…

FOR IMMEDIATE RELEASE 2017-84 Washington D.C., April 25, 2017— The Securities and Exchange Commission today announced an award of nearly $4 million to a whistleblower who tipped the agency with detailed and specific information about serious misconduct and provided additional assistance during the ensuing investigation, including industry-specific knowledge and expertise. “Not only did this whistleblower…

FOR IMMEDIATE RELEASE 2017-83 Washington D.C., April 24, 2017— The Securities and Exchange Commission today charged a vice president in the risk management department of a New York-based investment bank with insider trading on confidential information he learned in advance of a private equity firm’s acquisition of a publicly-traded technology company. The SEC alleges that…

FOR IMMEDIATE RELEASE 2017-81 Washington D.C., April 24, 2017— The Securities and Exchange Commission today announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they violated the Foreign Corrupt Practices Act (FCPA). Magyar Telekom paid a…

FOR IMMEDIATE RELEASE 2017-82 Washington D.C., April 24, 2017— The Securities and Exchange Commission today announced fraud charges against a Massachusetts-based portfolio manager accused of diverting at least $1.95 million to his personal brokerage account from a fund over which he had trading authority. The SEC’s complaint alleges that Kevin J. Amell carried out a…

Rick A. Fleming, Investor Advocate U.S. Securities and Exchange Commission [1] MSRB Municipal Securities Regulator Summit Washington, D.C. Aug. 25, 2016 Thank you, Lynnette [Kelly], for that kind introduction and for inviting me to participate in your event today.  It has been a pleasure to spend time with a variety of regulators who are on the…

Andrew J. Ceresney, Director, Division of Enforcement Oct. 13, 2016 Keynote Address at Securities Enforcement Forum 2016 Introduction Good afternoon and thank you for that very kind introduction.  It’s a pleasure to speak with you all today.  Before I start, I must give our standard disclaimer that the views I express today are my own…