SEC Archives

Debra BorchardtFebruary 15, 2024

Despite bankruptcy claims and the likelihood of never receiving any money for fines, the Securities and Exchange Commission (SEC) has asked a Michigan judge to allow it to continue its fraud case against Robert Shumake, Jr. Original Allegations Green Market Report previously reported in 2021 that the SEC had alleged that Shumake, alongside associates Nicole […]

Adam JacksonFebruary 14, 2024

The judgment marks the end of legal proceedings.

Debra BorchardtJanuary 3, 2024

The lawsuit claims investors ponied up more than $1 million for the fraudulent scheme.

Debra BorchardtJuly 17, 2023

Fund manager Martin Sumichrast looks like he admitted his guilt in a fraud case while simultaneously claiming through his lawyers that the claims were outrageous, according to a report in Law360. The original case dates back to May 2022, when the SEC accused Sumichrast the former Chief Executive Officer of cbdMD (OTC: YCBD) of misappropriating […]

StaffJuly 12, 2023

The Daily Hit is a recap of the top financial news stories for July 12, 2023. On the Site Pump & Dumper David Ferraro Gets Final Judgment The U.S. Securities and Exchange Commission might finally be closing the book on the fraudulent team of Justin Costello and David Ferraro. On July 11, the agency received […]

Debra BorchardtJuly 12, 2023

Ferraro was ordered to pay more than $150,000 for the scheme.

Debra BorchardtJuly 10, 2023

DeFrancesco was also barred from serving as an officer or director of a public company.

Adam JacksonJune 20, 2023

A spokesperson for the company said that the offering is not a result of the SEC settlement.

StaffMay 23, 2023

The Daily Hit is a recap of the top financial news stories for May 23, 2023. On the Site Brad Hoch Returns as CFO for TILT Holdings as Dana Arvidson Departs In the midst of a series of financial and operational shifts, Phoenix-based TILT Holdings Inc. (NEO: TILT) (OTCQX: TLLTF) announced a change in its […]

Adam JacksonMay 23, 2023

A court date has been set for June 2, 2023.