Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, May 19, 2009

Arizona Attorney Enjoined From Unregistered Stock Sales and Fraud

Two federal district courts recently entered orders against David B. Stocker, an Arizona attorney.  First, the United States District Court for the Northern District of Texas recently permanently enjoined David B. Stocker and Curtis-Case, Inc., a corporation that he controlled, from offering or selling securities in unregistered securities offerings in violation of Section 5(a) and (c) of the Securities Act of 1933. In its complaint, the SEC alleged that during 2004, Stocker and Curtis-Case offered and sold the securities of six corporations when no registration statements had been filed with the Commission: American Television & Film Company (ATFT), Ecogate, Inc. (ECGT), Media International Concepts, Inc. (MEIC), Vanquish Productions, Inc. (VQPI), Auction Mills, Inc. (AUML), and Custom Designed Compressor Systems, Inc. (CUPY). Stocker and Curtis-Case consented to entry of the injunctions without admitting or denying the allegations.

Second, the United States District Court for the District of Arizona entered an order permanently enjoining Stocker and Carrera Capital, Inc.from engaging in securities fraud and from offering or selling securities in violation of Section 5(a) and (c) of the Securities Act of 1933. In its complaint, the Commission alleged that during 2006, Stocker and Carrera Capital through false and misleading statements acquired control of the securities of seven corporations that had previously been publically traded and then sold the shares in transactions when no registration statements had been filed with the Commission: Avalon Stores, Inc. (AVNS), Westmark Group Holdings, Inc. (WGHI), Electronic Transmissions Corp. (ETSM), Accel International Corp. (ACLE), Access Developers, Inc. (AONE), Chemtrack Inc. (CMTR), and Computer Communications, Inc. (CCMM). Stocker and Carrera Capital consented to entry of the injunctions without admitting or denying the allegations.

http://lawprofessors.typepad.com/securities/2009/05/arizona-attorney-enjoined-from-unregistered-stock-sales.html

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