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Tuesday, August 20, 2024 2:00:52 AM
DPLS GHS Investments LLC settle with SEC
On August 19, 2024
GHS Investments LLC and its owners,
Mark Grober, Sarfraz Hajee and Matthew Schissler,
settle with SEC –
agree to pay disgorgement and fines
and surrender remaining notes,
warrants and stock.
https://www.securitieslawyer101.com/2024/ghs-investments-llc-and-its-owners-mark-grober-sarfraz-hajee-and-matthew-schissler-settle-with-sec-agree-to-pay-disgorgement-and-fines-and-surrender-remaining-notes-warrants-and-stock/
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On August 19, 2024,
GHS Investments, LLC (“GHS”) and its owners,
Mark Grober, Sarfraz Hajee and Matthew Schissler,
came to a settlement
with the Securities and Exchange Commission (the “SEC“),
agreeing to pay disgorgement and fines
and surrender remaining notes, warrants and stock.
https://www.sec.gov/files/litigation/admin/2024/34-100769.pdf
_________________________________________________
According to the SEC, from 2017 through 2022
(the “relevant period”),
GHS operated as an unregistered securities dealer
and sold billions of shares of stock
from at least 23 issuers
into the public market and
generated millions of dollars in profits for its own account.
During the relevant period,
GHS engaged in the regular business of acquiring convertible,
variable rate notes from penny stock securities issuers,
converting the notes into stock
at a substantial discount from the prevailing market price,
and selling the resulting newly issued shares of the issuers’ stock
into the public market
to obtain profits from the difference
between the discounted share price it received
and the prevailing market price of the stock.
GHS will pay $2,030,806 in disgorgement,
prejudgment interest of $221,458.43,
and a civil penalty of $173,080.62.
The SEC didn’t include a list of issuers
in which GHS still holds notes, warrants and shares,
but a search for “GHS Investments” on Edgar
shows that GHS
has done toxic financings
with dozens of issuers through the years.
https://www.sec.gov/edgar/search/#/q=%2522Ghs%2520Investments%2522&dateRange=all
__________________________________________________________________________
On August 19, 2024
GHS Investments LLC and its owners,
Mark Grober, Sarfraz Hajee and Matthew Schissler,
settle with SEC –
agree to pay disgorgement and fines
and surrender remaining notes,
warrants and stock.
https://www.securitieslawyer101.com/2024/ghs-investments-llc-and-its-owners-mark-grober-sarfraz-hajee-and-matthew-schissler-settle-with-sec-agree-to-pay-disgorgement-and-fines-and-surrender-remaining-notes-warrants-and-stock/
______________________________________________________________________
On August 19, 2024,
GHS Investments, LLC (“GHS”) and its owners,
Mark Grober, Sarfraz Hajee and Matthew Schissler,
came to a settlement
with the Securities and Exchange Commission (the “SEC“),
agreeing to pay disgorgement and fines
and surrender remaining notes, warrants and stock.
https://www.sec.gov/files/litigation/admin/2024/34-100769.pdf
_________________________________________________
According to the SEC, from 2017 through 2022
(the “relevant period”),
GHS operated as an unregistered securities dealer
and sold billions of shares of stock
from at least 23 issuers
into the public market and
generated millions of dollars in profits for its own account.
During the relevant period,
GHS engaged in the regular business of acquiring convertible,
variable rate notes from penny stock securities issuers,
converting the notes into stock
at a substantial discount from the prevailing market price,
and selling the resulting newly issued shares of the issuers’ stock
into the public market
to obtain profits from the difference
between the discounted share price it received
and the prevailing market price of the stock.
GHS will pay $2,030,806 in disgorgement,
prejudgment interest of $221,458.43,
and a civil penalty of $173,080.62.
The SEC didn’t include a list of issuers
in which GHS still holds notes, warrants and shares,
but a search for “GHS Investments” on Edgar
shows that GHS
has done toxic financings
with dozens of issuers through the years.
https://www.sec.gov/edgar/search/#/q=%2522Ghs%2520Investments%2522&dateRange=all
__________________________________________________________________________
