SEC News: SEC Files Subpoena Enforcement in Possible Market Manipulation Scheme
Securities and Exchange Commission v. NVC Fund LLC and Frank Ekejija, No. 2:18-mc-00164 (C.D. Cal. filed November 30, 2018)
WASHINGTON – The Securities and Exchange Commission (SEC) filed a subpoena enforcement action against NVC Fund LLC and its principal, Frank Ekejija, seeking an order directing them to comply with an investigative subpoena for documents and testimony.
According to the SEC’s application, filed on November 30, 2018 in U.S. District Court for the Central District of California, the SEC is investigating whether certain individuals or entities engaged in a potential pump-and-dump scheme in the stock of three penny-stock companies, Cherubim Interests, Inc., PDX Partners, Inc., and Victura Construction Group, Inc.