U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22724 / June 12, 2013
Securities and Exchange Commission v. Bridge Securities, LLC, et al., Civil Action No. 1:13-MI-0076 (N.D. GA filed June 12, 2013)
Commission Files Subpoena Enforcement Action Against Bridge Securities, LLC, Bridge Equity, LLC, Bridge Equity, Inc. and Fogfuels, Inc.
On June 12, 2013, the Securities and Exchange Commission filed an application with the United States District Court for the Northern District of Georgia for an order to enforce investigative subpoenas served on Bridge Securities, LLC, Bridge Equity, LLC, Bridge Equity, Inc. and FOGFuels, Inc. located in Atlanta, Georgia. All of the entity respondents are under the control of Paul James Marshall, a resident of Atlanta, Georgia.
The Commission's application and supporting papers allege that on March 14, 2013, the Commission issued a Formal Order Directing Private Investigation entitled In the Matter of Bridge Securities, LLC. According to the Commission's application, the four entity respondents have failed to comply with validly issued and served subpoenas for documents relating to this investigation, which involves, but is not limited to, the possible offerings and sales of securities interests in one or more of the entity respondents, for which no registration statement was in effect and for which no exemption from registration is available. The investigation relates to possible false and misleading statements by the respondent companies and/or their principals in effecting those transactions in or inducing or attempting to induce the purchase or sale of securities.
A hearing on the Commission's application has not yet been scheduled.