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Former Stratton Oakmont Executive Charged in Securities Fraud Case

Irving Stitsky, a former executive at Stratton Oakmont, along with Mark Alan Shapiro and William B. Foster, have been found guilty of committing securities fraud. The crime involved more than 150 investors who together entrusted Stitsky with $18 million. The three convicted perpetrated their illegal activity under an umbrella corporation known as, “Cobalt.” The company […]

SEC Charges NY Broker-Dealer In Boiler Room Scheme

The Securities and Exchange Commission today charged New York-based broker-dealer Sky Capital LLC and six individuals involved in a fraudulent boiler room scheme that raised millions of dollars from U.S. and UK investors who were then restricted from selling their stock, and their investments later became worthless. The SEC alleges that the firm’s founder, president […]