SEC Litigation Releases

SEC Obtains Judgments Against Shvartsman Brothers for Insider Trading

The SEC announced it obtained final consent judgments against Gerald and Michael Shvartsman for insider trading in DWAC securities, resulting in disgorgement of over $22 million. The action also involved parallel criminal proceedings, and the SEC voluntarily dismissed its claims against Rocket One Capital LLC.

SEC Charges Marat Likhtenstein with $4 Million Offering Fraud

The SEC has charged Marat Likhtenstein with an offering fraud scheme that raised over $4.1 million. Likhtenstein allegedly misappropriated investor funds for personal expenses and Ponzi-like payments. He consented to injunctive relief, with monetary relief to be determined.

SEC Charges CBA Pharma and Two Executives with Fraud

The SEC has charged CBA Pharma, Inc. and two executives with defrauding investors in a securities offering that raised approximately $4.1 million. The company allegedly misrepresented the effectiveness and FDA approval status of its cancer drug, CBT-1.

SEC v. Barrington Asset Management - Enforcement Action Dismissal and Settlement

The SEC has dismissed its civil enforcement action against Barrington Asset Management, Inc. and Gregory D. Paris. Simultaneously, the SEC instituted a settled administrative proceeding against the same parties. The dismissal and settlement occurred on February 10, 2026.