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Securities Fraud Joint Venture

Gray Reed

When is a Joint Venture a Security?

Gray Reed on

Parvizian controlled Arcturus and Aschere, buying and selling interests in drilling projects. Each project had a managing venturor which supervised the project. Each venture included a confidential information memorandum,...more

Dorsey & Whitney LLP

SEC Files Offering Fraud Action

Dorsey & Whitney LLP on

The Commission filed another offering fraud action tied to the sale of interests in the development of oil and gas wells prior to the recent downturn in the price of oil. Beginning in 2010 the defendants raised about $4.4...more

Dorsey & Whitney LLP

SEC Files Prime Bank Fraud and Offering Fraud Actions as Administrative Proceedings

Dorsey & Whitney LLP on

The trend of selecting administrative proceedings rather than Federal court by the SEC appears to be continuing. Since last September, for example, the SEC has filed at least seven insider trading cases as administrative...more

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