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Bio-Med Investments II Settles with NH Securities Bureau for $2,500

The New Hampshire Bureau of Securities Regulation has settled with Bio-Med Investments II, LLC for $2,500. The settlement resolves allegations that Bio-Med II failed to timely file a notice for securities sales made in New Hampshire, more than a year after the first sale occurred.

SEC Obtains Final Judgment Against Kenneth Welsh for Misappropriating Assets

The SEC announced the final judgment against Kenneth Welsh, a former registered representative and investment adviser representative, for misappropriating at least $2.86 million from client accounts. Welsh agreed to be permanently enjoined from violating securities laws and is liable for disgorgement and prejudgment interest, though payment is satisfied by a restitution order in a parallel criminal case.

Oregon Enforcement Orders for United Advocacy Counseling and NEXT Insurance

The Oregon Division of Financial Regulation has added two new enforcement orders. United Advocacy Counseling (DM-25-0060) and NEXT Insurance US LLC (INS-25-0051) are subject to these orders, with dates of March 17, 2026, and March 16, 2026, respectively.

Larry Holley - Fine Payment Instructions and Consent Order

The Michigan Department of Licensing and Regulatory Affairs has issued fine payment instructions and a consent order related to Larry Holley's unregistered securities activities. The total fine for Larry Holley has been reduced to $40,000.00, payable after the SEC receivership closes.

ASIC v. Sunshine Loans - High Court Ruling on Recusal

The Australian Securities and Investments Commission (ASIC) has won a High Court appeal against Sunshine Loans. The High Court unanimously rejected Sunshine Loans' appeal regarding the recusal of a judge, allowing the original judge to determine penalties for unlawful fees charged by Sunshine Loans.

SEC Charges Former Doximity CRO with Insider Trading

The SEC filed settled insider trading charges against Paul W. Jorgensen, former Chief Revenue Officer of Doximity, Inc. The charges allege unlawful trading based on material nonpublic information, resulting in approximately $2.5 million in profits and losses avoided. Jorgensen consented to a settlement including permanent injunctions and an officer/director bar.

SEC Obtains Final Judgment Against Bin Hao in Ponzi Scheme

The SEC announced a final judgment against Bin Hao for his role in an alleged Ponzi scheme that targeted Chinese Americans. Hao was ordered to pay over $2.2 million in disgorgement, prejudgment interest, and a civil penalty.

SEC Obtains Final Consent Judgment Against J. Bernard Rice

The SEC announced a final consent judgment against J. Bernard Rice, an alleged former executive of cannabis company American Patriot Brands, Inc. The judgment includes permanent injunctions, a five-year officer and director bar, disgorgement of $581,000 plus interest, and a civil penalty of $236,451.

SEC v. J. Bernard Rice - Final Judgment for Securities Violations

The SEC has filed a final judgment against J. Bernard Rice for violations of securities laws, including Section 10(b) of the Exchange Act and Section 17(a) of the Securities Act. The judgment permanently enjoins Rice from further violations and restricts his participation in the issuance or sale of securities.

SEC charges Paul Jorgensen with Doximity insider trading

The SEC has charged Paul W. Jorgensen, former Chief Revenue Officer of Doximity, Inc., with insider trading. The complaint alleges that Jorgensen traded on material nonpublic information ahead of two earnings calls, resulting in approximately $2,532,775 in profits and avoided losses.