Tag Archives: Texas

SEC Charges Husband and Wife in Florida with Defrauding Seniors Investing in Purported Charity

The SEC alleges that after Richard K. Olive and Susan L. Olive were hired at We The People Inc., the organization obtained $75 million from more than 400 investors in Florida, Colorado, and Texas among more than 30 states across … Continue reading

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SEC Enforcement Roundup

Lebanese, Druze Communities Targeted in High-Volume Trading Scheme A Sugar Land, Texas-based day trader was charged by the SEC for targeting, in particular, investors in the Houston-area Lebanese and Druze communities in a high-frequency trading program. Firas Hamdan was charged … Continue reading

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Houston Day Trader Charged by the SEC for Defrauding Lebanese and Druze Community Investors

Washington, D.C., — The Securities and Exchange Commission today charged a day trader in Sugar Land, Texas, with defrauding investors in his supposed high-frequency trading program and providing them falsified brokerage records that drastically overstated assets and hid his massive trading losses. … Continue reading

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Texas Day Trader Sued by SEC Over High-Frequency Trading Claims

According to Bloomberg’s Joshua Gallu, A Texas day trader illegally raised more than $6 million from the Houston-area Lebanese community by making false promises that his algorithmic trading program would generate 30 percent returns, U.S. regulators said. Firas Hamdan, 49, hid $1.5 … Continue reading

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