United States Securities and Exchange Commission v. Carebourn Capital, L.P. et al

  1. September 23, 2024

    SEC Scores $12M Judgment In Unregistered Dealer Case

    A Minnesota federal judge has ordered financial firm Carebourn Capital LP, its founder and an affiliated company to pay more than $12 million in disgorgement and prejudgment interest over U.S. Securities and Exchange Commission claims they made millions selling securities as unregistered dealers.

  2. September 27, 2023

    SEC Prevails Over Prolific Trader In Unregistered Dealer Suit

    A Minnesota federal judge ruled in favor of the U.S. Securities and Exchange Commission Wednesday in an enforcement action accusing a company of making over $14 million from selling securities as an unregistered dealer, finding there is no factual argument about whether the company acted as a dealer or was required to register with the commission.

  3. March 27, 2023

    SEC, Prolific Trader Square Off In Unregistered Dealer Suit

    A purported penny stock trading firm and the U.S. Securities and Exchange Commission have both urged a Minnesota federal judge to deny their opponent an early victory in the regulator's enforcement action alleging the company was an unregistered dealer when it made over $14 million off selling securities.

  4. May 26, 2022

    Penny Stock Trader Can't Duck SEC Suit Over Registration

    A Minnesota federal judge won't let brokerage firm Carebourn Capital LP escape a U.S. Securities and Exchange Commission suit alleging it raked in profits while skirting regulations, saying the SEC's complaint makes its case for why the company was required to register as a dealer with the agency.

  5. September 27, 2021

    SEC Says Trader Scored $14M Profit As Unregistered Dealer

    The U.S. Securities and Exchange Commission has alleged that a securities trader operating out of his suburban Minnesota home pulled in millions in brokerage fees and penny stock issuances without ever registering as a broker.