November 5, 2014

The SEC announced enforcement actions against 10 companies for failing to make the required disclosures about financing deals and other unregistered sales that diluted their stock.  The relevant companies and the penalties they will pay are as follows: APT MotoVox Group Inc., formerly known as Frozen Food Gift Group Inc. ($25,000); CoroWare Inc. ($50,000); ERF Wireless Inc.($50,00); Green Automotive Company ($50,000); MineralRite Corporation($25,000); Mondial Ventures Inc. ($50,000); Monster Arts Inc. ($25,000); Red Giant Entertainment Inc. ($25,000); Seaniemac International Ltd. ($50,000); Worthington Energy Inc. ($25,000).  SEC

Tagged in: Regulatory Violations, Securities Fraud,