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Articles Posted in Pennsylvania

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Lender’s $4.5 Million of Promissory Notes Were Unregistered Securities

A case involving real estate lending illustrates the perils of failing to comply with the securities laws.  Last fall the Securities and Exchange Commission filed a complaint against Paul Z. Singer, a Philadelphia-based lender, and his company, Singer Financial Corp. (“SFC”), alleging that from October 2012 to July 2015, Singer,…

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SEC Enforcement Case Arises From “Free Dinner” Seminar Fraud

Earlier this month, the Securities and Exchange Commission (SEC) filed a civil lawsuit against four individuals who are alleged to have defrauded seniors through so-called “Free Dinner” investment seminars conducted by their investment adviser firm.  The SEC alleged that Joseph Andrew Paul and John D. Ellis, Jr., who managed and jointly…

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