Securities and Exchange Commission v. GPL Ventures LLC et al

  1. April 27, 2023

    Microcap Dealer Inks $39M Deal Over SEC 'Scalping' Claims

    A pair of penny stock dealers and their firms have agreed to a $39.2 million resolution of U.S. Securities and Exchange Commission allegations they violated dealer registration rules and secretly funded the promotion of certain penny stock shares they were trading.

  2. November 07, 2022

    Insurer Can't Deny Coverage For 'Scalping' Claims, Suit Says

    The Federal Insurance Co. wrongfully denied defense coverage to a microcap securities dealer under an asset management policy after the firm was sued by the Securities and Exchange Commission, which said it was involved in a "scalping" scheme, a New York lawsuit contends.

  3. October 26, 2022

    SEC Drops Charges Against Hemp Co. CEO In Scalping Suit

    The U.S. Securities and Exchange Commission dismissed claims against a hemp executive alleged to have been involved in an $11 million penny stock "scalping" scheme with a microcap securities seller.

  4. January 19, 2022

    Hemp Co., Microcap Investor Can't Shake $11M Scalping Suit

    A New York federal judge has denied dismissal bids brought by a hemp products company and a firm that acquires and sells microcap securities, which are accused of being involved in an $11 million penny stock "scalping" scheme, finding that the U.S. Securities and Exchange Commission's allegations pass muster.

  5. December 20, 2021

    SEC Fights Hemp Co.'s Bid To Dismiss $11M Scalping Suit

    The U.S. Securities and Exchange Commission has pushed back against a hemp products company's dismissal bid in a suit alleging it was part of an $11 million penny stock "scalping" scheme, saying the company mischaracterized the agency's allegations.

  6. November 08, 2021

    Microcap Investor, Hemp Co. Blast SEC's Scalping Case

    A hemp products company and a firm that acquires and sells microcap securities have urged a New York federal court to dismiss the U.S. Securities and Exchange Commission's lawsuit claiming they were involved in an $11 million penny stock "scalping" scheme.

  7. September 08, 2021

    Securities Dealer Agrees To Asset Freeze In Scalping Suit

    A securities dealer and its owners have told a New York federal judge that they've agreed to a preliminary injunction and asset freeze, following claims from the U.S. Securities and Exchange Commission that they engaged in a penny stock scalping scheme that reaped $11 million in illegal profits.

  8. August 13, 2021

    SEC Says Hemp Co., PE Firm Reaped $11M Through Scalping

    The U.S. Securities and Exchange Commission hit a producer of hemp-derived products and a network of securities dealers and consultants with a securities fraud complaint on Friday, claiming that they engaged in a penny stock scalping scheme that reaped $11 million in illegal profits.