CALIFORNIA | LOCAL
February 22, 1989
Two former officers of the ZZZZ Best carpet cleaning company were charged Tuesday by the Securities and Exchange Commission with civil insider trading violations in connection with the sale of stock in the firm. Twin brothers Jack N. Polevoi, 41, of Woodland Hills and Jerry N. Polevoi of Simi Valley, already have pleaded guilty to criminal charges of tax fraud and conspiracy involving the bankrupt Reseda-based firm formed by Barry Minkow, who also was convicted in the case.
December 16, 2000 |
A boutique Orange County brokerage that peddled day-trading services to Asian Americans was sanctioned and fined $115,000, and its chairman agreed to be barred permanently from the industry, regulators said. Providential Securities Inc. in Fountain Valley, which came under U.S. Senate scrutiny for alleged day-trading abuses, agreed to the fine to settle numerous charges of violating securities laws and the rules of the National Assn.
May 29, 2003 |
Hartcourt Cos., an investment firm specializing in high-growth Chinese companies, raised $800,000 illegally by misrepresenting the purpose of 1 million shares of stock, the Securities and Exchange Commission alleged Wednesday. Hartcourt was based in Long Beach when the alleged offenses occurred in late 1999, the SEC said in a lawsuit filed Tuesday in federal court in Los Angeles.
March 16, 1989 |
Irving M. Einhorn told the Securities and Exchange Commission staff in Los Angeles on Wednesday that he is leaving his post as the regulator's regional administrator to join a discount brokerage as a senior executive and partner. After leaving the agency on May 12, he will become executive vice president and general counsel of Pacific Brokerage Services, a Los Angeles-based brokerage operation and member of the New York Stock Exchange.
January 1, 1987 |
Morgan, Olmstead, Kennedy & Gardner Capital, a Los Angeles-based securities firm, said Wednesday that it expects to report a loss of about $700,000 in the fourth quarter, at least partly stemming from a previously announced stock trading "irregularity" involving an employee. Company President Bryan L.
April 13, 1988 |
The Securities and Exchange Commission filed a civil suit Tuesday accusing Burbank radio-television financial adviser R. G. Reynolds and Kern County miner William M. Moreland of fraud in a $1.7-million gold ore promotion. The suit, filed in U.S. District Court in Los Angeles, is a "direct challenge" of a California Court of Appeal decision last year in favor of the same defendants, Irving M. Einhorn, SEC regional administrator in Los Angeles, said.