SEC v. Wilson J. Rondini, III; Falcon Capital LLP; and Falcon Capital Partners Limited, No. LR-25831, Southern District of Florida (Sept. 18, 2023) — Press Release
raw: Rondini, et al.
Rondini, et al., No. 9:23-cv-81285 (Sept. 18, 2023)
summary
The SEC charged Wilson J. Rondini, III, and his companies, Falcon Capital LLP and Falcon Capital Partners Limited, for operating as unregistered broker-dealers.
paragraph
The SEC alleges that from 2018 through 2022, the defendants raised tens of millions of dollars for over a dozen issuers and traded millions of dollars in securities for their own accounts. The complaint charges the defendants with violating Section 15(a) of the Securities Exchange Act of 1934. The SEC is seeking injunctive relief, disgorgement of ill-gotten gains plus interest, civil penalties, and penny stock bars.
narrative
The Securities and Exchange Commission has filed a complaint against Florida resident Wilson J. Rondini, III, and his controlled companies, Falcon Capital LLP and Falcon Capital Partners Limited. The SEC alleges that from at least 2018 through 2022, the defendants operated as unregistered broker-dealers by effecting transactions in securities for others and trading for their own accounts. During this period, the defendants allegedly raised tens of millions of dollars on behalf of over a dozen issuers and engaged in millions of dollars of securities trading. The defendants are charged with violating Section 15(a) of the Securities Exchange Act of 1934 for failing to register with the Commission. The SEC is seeking injunctive relief, disgorgement of ill-gotten gains with prejudgment interest, civil penalties, and penny stock bars. The litigation was filed in the U.S. District Court for the Southern District of Florida.
Classified broker-dealer-fraud(confidence 100%). EDGAR detection: forms Form D· recall 29% / precision 9%. detection rule →
Statutes
Section 15(a) of the Securities Exchange Act
Parties
Securities and Exchange CommissionWilson J. Rondini, IIIFalcon Capital Partners LimitedFalcon Capital LLP
Keywords
falcon capitalsecuritiesrondinisecurities exchangecommissionfalconcapitalexchange commissioncapital partnerspartners limitedsecurities accountsexchangecompaniessec'sflorida resident
Exhibits & Attached Documents (1)
Extracted insights
Entities 4
- agency as broker-dealers with the securities and exchange commission
- agency sec's case
- agency sec's complaint
- agency Securities and Exchange Commission
Triples 8
- Securities And Exchange Commission announced charges Wilson J. Rondini, III and Falcon Capital LLP and Falcon Capital Partners Limited
- Wilson J. Rondini, III and Falcon Capital LLP and Falcon Capital Partners Limited acted as brokers brokers and dealers
- Wilson J. Rondini, III and His Two Companies raised tens of millions of dollars on behalf of over a dozen companies
- The Defendants bought and sold millions of dollars' worth of securities for their own accounts
- Wilson J. Rondini, III and Falcon Capital LLP and Falcon Capital Partners Limited were not registered as broker-dealers with the Securities And Exchange Commission
- SEC's Complaint seeks injunctive relief, disgorgement of ill-gotten gains plus prejudgment interest, civil penalties, and penny stock bars
- SEC's Case being handled by Jonathan Menitove, Jeffrey Cook, Alexandra Lavin, Ryan Murphy, Richard Harper, and Celia Moore
- SEC's Case received assistance from Alex Lefferts of the Division Of Enforcement's Office Of Investigative & Market Analytics
PDF (from attached: complaint)
Text layers
Extracted body text (2,188c)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 25831 / September 18, 2023 Securities and Exchange Commission v. Rondini, et al., No. 9:23-cv-81285 (S.D. Fla., filed Sept. 18, 2023) SEC Charges Florida Resident and Resident's Two Companies for Operating as Unregistered Broker-Dealers The Securities and Exchange Commission today announced charges against Florida resident Wilson J. Rondini, III and two companies Rondini controls, Falcon Capital LLP and Falcon Capital Partners Limited, alleging that all three operated as broker-dealers who were required to register as such with the Commission but failed to do so. According to the SEC's complaint, filed in the United States District Court for the Southern District of Florida, Rondini, Falcon Capital LLP, and Falcon Capital Partners Limited acted as brokers and dealers, engaged in the business of both effecting transactions in securities for the accounts of others and buying and selling securities for their own accounts. The SEC alleges that, from at least 2018 through the end of 2022, Rondini and his two companies raised tens of millions of dollars on behalf of over a dozen companies that were issuers of securities by selling those companies' securities to investors. The defendants also allegedly bought and sold millions of dollars' worth of securities for their own accounts. However, at no time during the relevant period were Rondini, Falcon Capital LLP, or Falcon Capital Partners Limited registered as broker-dealers with the Commission or associated with a broker-dealer registered with the Commission, as required by the securities laws under these circumstances. The SEC's complaint, which charges the defendants with violating Section 15(a) of the Securities Exchange Act of 1934, seeks injunctive relief, disgorgement of ill-gotten gains plus prejudgment interest, civil penalties, and penny stock bars. The SEC's case is being handled by Jonathan Menitove, Jeffrey Cook, Alexandra Lavin, Ryan Murphy, Richard Harper, and Celia Moore of the SEC's Boston Regional Office, with assistance from Alex Lefferts of the Division of Enforcement's Office of Investigative & Market Analytics. SEC Complaint
OCR text (2,188c · html-text · 99% conf)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 25831 / September 18, 2023 Securities and Exchange Commission v. Rondini, et al., No. 9:23-cv-81285 (S.D. Fla., filed Sept. 18, 2023) SEC Charges Florida Resident and Resident's Two Companies for Operating as Unregistered Broker-Dealers The Securities and Exchange Commission today announced charges against Florida resident Wilson J. Rondini, III and two companies Rondini controls, Falcon Capital LLP and Falcon Capital Partners Limited, alleging that all three operated as broker-dealers who were required to register as such with the Commission but failed to do so. According to the SEC's complaint, filed in the United States District Court for the Southern District of Florida, Rondini, Falcon Capital LLP, and Falcon Capital Partners Limited acted as brokers and dealers, engaged in the business of both effecting transactions in securities for the accounts of others and buying and selling securities for their own accounts. The SEC alleges that, from at least 2018 through the end of 2022, Rondini and his two companies raised tens of millions of dollars on behalf of over a dozen companies that were issuers of securities by selling those companies' securities to investors. The defendants also allegedly bought and sold millions of dollars' worth of securities for their own accounts. However, at no time during the relevant period were Rondini, Falcon Capital LLP, or Falcon Capital Partners Limited registered as broker-dealers with the Commission or associated with a broker-dealer registered with the Commission, as required by the securities laws under these circumstances. The SEC's complaint, which charges the defendants with violating Section 15(a) of the Securities Exchange Act of 1934, seeks injunctive relief, disgorgement of ill-gotten gains plus prejudgment interest, civil penalties, and penny stock bars. The SEC's case is being handled by Jonathan Menitove, Jeffrey Cook, Alexandra Lavin, Ryan Murphy, Richard Harper, and Celia Moore of the SEC's Boston Regional Office, with assistance from Alex Lefferts of the Division of Enforcement's Office of Investigative & Market Analytics. SEC Complaint