Coral Capital Partners looks at an SEC Enforcement action against a group of individuals who operated a fictitious company that claimed ties to a legitimate major financial corporation. We also take a look at how investors could have easily discovered this, and avoided their losses.
Author: coralcapital
Erik Nelson is the co-founder and President of Coral Capital Partners, Inc. an Atlanta based consulting and advisory services firm. Coral Capital Partners was founded in 1995 and has been providing consulting services to both privately held and publicly traded companies since its inception. Mr. Nelson has served as an officer and director of numerous publicly traded companies in various capacities as part of the services provided by Coral Capital Partners to its clients. Mr. Nelson is a graduate of the University of Colorado.
SEC Action Regarding False and Misleading Press Releases
The SEC recently initiated litigation against the controlling shareholder of two (2) public companies for causing those companies to issue false and misleading press releases. In its complaint against this individual, the SEC claims that over a several month period of time, he caused the companies to issue press releases and other public disclosures containing false and misleading information. The SEC charges that during this period of time there was a suspicious increase in the trading volume and share prices of the companies in question.
Micro-Cap Review Article – Crowd Funding and the JOBS Act
This is a reprint of the article “Crowd Funding and the JOBS Act” by Erik Nelson, President of Coral Capital Partners that was published in the 2nd Quarter 2012 edition of Micro-Cap Review Magazine. The article discusses the various provisions of the JOBS Act that relate to crowd funding and how they apply to the fund raising process. This is the 3rd article authored by Erik Nelson that has been published in Micro-Cap Review Magazine, and the 2nd through Coral Capital Partners.