On June 29, 2018 Judge Halil Suleyman Ozerden of the Southern District of Mississippi entered judgments against Malachi Financial Products, Inc., and its president and sole shareholder, Porter B. Bingham, for alleged...more
7/12/2018
/ Conflicts of Interest ,
False Billing ,
MSRB ,
Municipal Advisers ,
Municipal Bonds ,
Permanent Injunctions ,
Public Finance ,
Registration ,
Rule G-17 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations
On May 9, 2018, the U.S. Securities and Exchange Commission ("SEC") announced it charged a registered municipal advisor (the "MA Firm") and its owner (the "MA Owner") with defrauding their client, a Texas school district, in...more
5/14/2018
/ Breach of Duty ,
Civil Monetary Penalty ,
Conflicts of Interest ,
Disclosure Requirements ,
Disgorgement ,
Enforcement Actions ,
Fiduciary Duty ,
Municipal Advisers ,
Municipal Bonds ,
Rule G-17 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act
The SEC charged registered municipal advisor Malachi Financial Products, Inc. and its principal Porter B. Bingham with violations of Sections 15B(a)(5) and 15B(c)(1) of the Securities Exchange Act of 1934 (“Exchange Act”) and...more
1/8/2018
/ Aiding and Abetting ,
Breach of Duty ,
Fiduciary Duty ,
MSRB ,
Municipal Advisers ,
Municipal Bonds ,
Permanent Injunctions ,
Registration ,
Rule G-17 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations