VerdictStats

Securities and Exchange Commission

SEC v. Brown

Settled$30KDisgorgementFiled: May 2, 2016

Richard Brown allegedly was involved in a scheme to deceive investors into buying shares of ForceField Energy Inc. According to the SEC's complaint, Brown was paid cash kickbacks in exchange for recommending and buying shares of ForceField Energy stock in his customers' accounts without disclosing to customers that he was being paid cash kickbacks.

Summary generated from official Securities and Exchange Commission press release

Source: Securities and Exchange Commission Press Release ↗

Parties

Defendants / Respondents
  • Richard Brown
  • Christopher Castaldo
  • Gerald J. Cocuzzo
  • Naveed A. Khan
  • Herschel (Tres) Knippa
  • Maroof Miyana
  • Pranav V. Patel
  • Louis F. Petrossi
  • Richard St. Julien

Dates

Filed
May 2, 2016
Resolved
December 22, 2024
Published
December 23, 2024

Case Details

Industry
Energy
Penalty Type
Disgorgement