{"id":1544,"date":"2014-11-07T18:45:56","date_gmt":"2014-11-07T18:45:56","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/11\/sec_files_charges_in_massachus"},"modified":"2022-03-11T13:33:46","modified_gmt":"2022-03-11T19:33:46","slug":"sec-files-charges-in-massachus","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-files-charges-in-massachus\/","title":{"rendered":"SEC Files Charges in Massachusetts Pump-And-Dump Scam, International Microcap Fraud, and Issues Investor Alert"},"content":{"rendered":"

\t\t\t\tThe U.S. Securities and Exchange Commission has filed charges against California Attorney Richard Weed, Coleman Flaherty, and Thomas Brazil. The regulator contends that Weed facilitated a pump and dump scam<\/a> involving CitySide Tickets Inc. stock that allowed Flaherty and Brazil to get millions of supposedly unrestricted shares.<\/p>\n

Investors were barraged with a misleading and false promotional campaign presenting CitySide Tickets as a company in the verge of expansion and success. As the stock price went up, Flaherty and Brazil sold their shares to investors, causing the two of them to make about $3 million in illicit proceeds. Weed purportedly was well compensated for the role that he played.<\/p>\n

The Commission charges the three men with violating federal securities laws’ antifraud provisions and related rules. The agency wants disgorgement of ill-gotten gains, interest, penalties, permanent injunctions against further violations, and penny stock bars. Meantime, the U.S. Attorney’s Office for the District of Massachusetts has filed a parallel criminal case against Flaherty, Brazil, and Weed.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The U.S. Securities and Exchange Commission has filed charges against California Attorney Richard Weed, Coleman Flaherty, and Thomas Brazil. The regulator contends that Weed facilitated a pump and dump scam involving CitySide Tickets Inc. stock that allowed Flaherty and Brazil to get millions of supposedly unrestricted shares. Investors were barraged with a misleading and false […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3962,3977,3760,3741],"tags":[2545],"class_list":["post-1544","post","type-post","status-publish","format-standard","hentry","category-microcap-market-fraud","category-pump-and-dump-scams","category-sec-enforcement","category-securities-fraud","tag-penny-stock-fraud"],"yoast_head":"\nSEC Files Charges in Massachusetts Pump-And-Dump Scam, International Microcap Fraud, and Issues Investor Alert — Investor Lawyers Blog — November 7, 2014<\/title>\n<meta name=\"description\" content=\"The U.S. Securities and Exchange Commission has filed charges against California Attorney Richard Weed, Coleman Flaherty, and Thomas Brazil. 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