U.S. Securities & Exchange Commission
SEC Seal
Home | Previous Page
U.S. Securities and Exchange Commission

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 22852 / October 23, 2013

Securities and Exchange Commission v. Michael Grosso, Civil Action No. 1:13-MI-0158-TWT-AJB (N.D. GA filed October 21, 2013)

Commission Files Subpoena Enforcement Action Against Michael Grosso

On October 21, 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 administrative subpoenas served on Michael Grosso in conjunction with securities being sold related to BHJ Brokerage and Consulting Firm, LLC ("BHJ"), an unregistered entity located Georgia. Grosso lives in Rocky Point, NY.

The Commission's application and supporting papers allege that on September 21, 2012, the Commission issued a Formal Order Directing Private Investigation entitled In the Matter of BHJ Brokerage and Consulting Firm, LLC. According to the Commission's application, Grosso has failed to comply with validly issued and served subpoenas for his testimony relating to this investigation, which involves, but is not limited to, the possible offerings and sales of securities in BHJ, 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 BHJ and/or its 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.

 

http://www.sec.gov/litigation/litreleases/2013/lr22852.htm


Modified: 10/23/2013