March 2, 2018

The SEC announced securities fraud charges against a Beaufort Securities Ltd. and Peter Kyriacou in connection with manipulative trading in the securities of HD View 360 Inc., a U.S.-based microcap issuer.  The SEC also announced charges against HD View’s CEO Dennis Marcino, William T. Hirschy, and three entities they control for manipulating HD View’s securities as well as the securities of another microcap issuer, West Coast Ventures Group Corp.  The SEC further announced the institution of an order suspending trading in the securities of HD View. These charges arise in part from an undercover operation by the Federal Bureau of Investigation, which also resulted in related criminal prosecutions against these defendants by the Office of the United States Attorney for the Eastern District of New York. SEC

Tagged in: Securities Fraud,