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Biographical Information
Recent Significant Prosecutions Led by the
Office of Internet Enforcement
Honors
Publications
Biographical Information
John Reed
Stark serves as Chief of the Office of Internet Enforcement (OIE) in the Division of
Enforcement of the U.S. Securities and Exchange Commission. Mr. Stark’s job
entails the direction, coordination and implementation of the Enforcement
Division’s Internet Program.
Mr. Stark is also an
Adjunct Professor of Law at the Georgetown University Law Center where, for the
past twelve years, he has taught a course on advanced securities regulation.
Mr. Stark has also published a wide range of articles on SEC issues and
serves as Co-Chair of the American Bar Association Litigation Section
Subcommittee on Securities Law and the Internet.
Mr. Stark
received his original appointment to direct the Internet Program in late 1995,
and is the first and only person to hold the position. In July of 1998, Mr. Stark was
promoted to the new position of Chief of OIE.
OIE, now a team of about twenty-five professionals (almost exclusively
attorneys), conducts investigations and prosecutions of securities violations,
specializing in those that involve technology (including coordinating five
nationwide sweeps).
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--Chief--
Office of Internet Enforcement
United States Securities and Exchange Commission
--Adjunct Professor--
Securities Regulation Graduate Program
Georgetown University Law Center
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Mr. Stark also coordinated and ran several securities fraud
training programs, including several
CyberSecurities Forums
attended by hundreds of members of the law enforcement and regulatory community.
Mr. Stark
began with the Enforcement staff in September 1991 with a brief eight
month interruption to serve a detail as a Special Assistant United States
Attorney for the United
States Attorney’s Office for the District of Columbia. As an AUSA, Mr. Stark
prosecuted street crimes mostly pertaining to guns, drugs and domestic
violence. Prior to joining the SEC, Mr. Stark worked as an associate for the
law firm of Arent Fox Kintner Plotkin and Kahn where he focused on
business-related litigation.
Mr. Stark received his law degree from
Duke University School of Law in 1989, where he reached the finals of the Hardt
Cup and the finals of a national moot court competition. He also served on
Duke's Moot Court Executive Board during his second year and as its
Vice-Chair during his third year.
Mr. Stark received his undergraduate degree
(cum laude) in Political Science from Union College in 1986, where he
graduated with departmental honors, was awarded an honors designation for his
senior thesis, was appointed to the
Pi
Sigma
Alpha political
science honors society and was a Stanley R.
Becker
Scholar.
Significant SEC Enforcement Matters Led By the
Office of Internet Enforcement
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34-60227
Order
Press Release |
In the Matter of Trading in the Securities of GenX Corporation (trading suspension of purported digital music company) |
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34-60023
Order |
In the Matter of Trading in the Securities of Patriot Energy Corporation (trading suspension of purported alternative energy company) |
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LR-20675
Complaint |
SEC v. Butko (fraudulent
scheme to manipulate the prices of numerous stocks through the unauthorized
use of other people’s online brokerage accounts) |
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Press
Release
Order |
In the Matter of E*Trade Clearing LLC and
E*Trade Securities LLC (anti-money laundering action concerning E*Trade's
failure to vet 65,442 of its joint account holders for possible terrorism
links, failure of broker-dealer to comply with the reporting, recordkeeping
and record keeping requirements in regulations implemented under the Bank
Secrecy Act) |
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LR-20656
Complaint |
SEC v. George J. Simchuk (former mining manager of Glamis de Mexico settles to insider trading violation for purchasing shares of Western Silver company while he worked on the Glamis due diligence team for Glamis's potential acquisition of Western Silver) |
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LR-20529
Complaint |
SEC v. Michael A. Stummer (Daytrader commits unlawful deception when he sneaks into brother-in-law's computer in brother-in-law's bedroom, reviews material, nonpublic information about possible tender offer by brother-in-law's private equity firm's client and trades on the basis of that information) |
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Press Release
Order |
In the Matter of Certain Companies Trade in the Pink Sheets: NeoTactix Corporation, Graystone Park Enterprises, Inc. and Younger America, Inc. (SEC Suspends Trading in Three Companies Promoted Through Spam and Internet Videos (including on YouTube) |
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33-8892
Press
Release |
In the Matter of Kenneth M.
Christison, Esq. (SEC order finding attorney caused an unlawful
distribution of securities in multimillion dollar pump-and-dump scheme) |
LR-20662
LR-20502
LR-20269
Complaint (unofficial copy)
Press
Release |
SEC v. Michael Saquella a.k.a.
Michael Paloma and Lawrence Kaplan (intricate microcap pump and dump
scheme (filed parallel with the U.S. Attorney's Office for the Eastern
District of Virginia)) |
LR--20203
Complaint (unofficial copy)
Press
Release |
SEC v. Shane Bashir Suman and
Monie Rahman (unlawful insider trading by Information technology
specialist at MDS, Inc. (and his wife) prior to a tender offer by Molecular
Devices Corporation (filed parallel with the Ontario Securities Commission) |
LR-20030
PressRelease
Complaint
Memorandum
Supporting TRO |
SEC v. One or More Unknown
Traders in the Common Stock of Certain Issuers and JSC Parex Bank
(relief defendant) (Emergency
asset freeze of $3 million of unlawful profits of fraudulent
scheme to manipulate the prices of numerous stocks through the unauthorized
use of other people’s online brokerage accounts) |
LR-19994
Complaint |
SEC v. Daniel Fongnien Chiang and
Eva Yi-Fen Chen (unlawful insider trading by husband and wife in the
securities of SINA) |
LR-19981
Complaint |
SEC v. Kamardin (fraudulent
scheme to manipulate the prices of numerous stocks through the unauthorized
use of other people’s online brokerage accounts) |
34-55074 |
In the Matter of Able Laboratories, Inc. (De-registration) |
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LR-19861
34-54683
Complaint
Press
Release |
SEC v. Salvatore Favata
(fraudulent Ponzi scheme of
so-called "investment notes" purportedly based upon mortgages and
deeds of trust for real estate investments; joint filing with
Central District of California U.S. Attorney's office) |
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LR-19795
Complaint
34-54281
GLUV Trading
Suspension
Order |
SEC v. Peter D. Kirschner and Media
Magic, Inc. and In the Matter of Peter D. Kirschner
(Fraudulent procurement of stock dividend shares in advance of
the date on which they were to be publicly distributed and selling
those shares into an uninformed market at prices that did not yet
reflect the increase in the total number of outstanding shares) |
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LR-20192
Press Release
LR-19779
Complaint |
SEC v.
Boling, Boling, Mills and Direct Results of Sweetwater
(Phase II of so called "vicemail" stock
manipulation scheme, including charges against the voice behind
the calls; filed parallel
with with District of Columbia U.S. Attorney's
office) (Press
Release Announcing criminal pleas) |
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LR-20674
LR-19481
Complaint
Brief in Support of TRO
Declaration |
SEC v. Shawn Casius, Logic's
Consulting, Inc., Steven R. Wright, International Solutions, Inc.,
Peter Jessop, Socius Holdings, Ltd., and SIGF SA (emergency asset
freeze concerning concerted
market manipulation of the stock of Cameron International) |
Press Release
34-52623 |
In the Matter of
Instinet LLC and INET ATS, Inc.
(Failure to file accurate Order Execution Quality Reports -- first matter of
this kind ever charged by SEC; joint filing with NASD) |
Press Release
33-8582 |
In the Matter of
Ford Motor Credit Company
(Unlawful marketing of $7.3 billion of debt securities in so-called "corporate
money market accounts" -- first matter of this kind ever charged by SEC) |
LR-19236
Complaint |
SEC v. StockerYale,
Inc. and
and Mark W. Blodgett
(failure
to verify information in two false and misleading press releases) |
Press
Release
34-51707
34-51708
34-51709 |
In the Matter of DB Investment
Advisers
In the Matter of Galleon
Management L.P.
In the Matter of Oaktree Capital Management
(hedge funds'
multiple violations
of SEC Regulation M and Rule 105) |
LR-20121
LR-19185
Complaint
34-57785
34-55778 |
SEC v. Z-Par Holdings, Inc.,
Z-Par Investment Fund II, Larry Michael Parrish, Michael Edward Zimmerman,
defendants, and Eduard Akopian A/K/A Edward Akopian, and Capital Ban Corp.,
A California Corporation, relief defendants.
(emergency asset freeze of up to $17 million of assets raised in prime bank
scheme) |
LR-19162
Complaint |
SEC v. Anthony C. Sudol III, Michael G. Sudol and
Richard J. Sudol
(unlawful insider trading in the securities of certain CISCO
acquisition targets) |
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34-51585 |
SEC v. Andrew Gold
(pattern of
reporting violations) |
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LR-18397
LR-18208
LR-18130
Complaint |
SEC v. K.C. Smith
and Kryer
Financial,
(hacking, identity theft and
securities fraud; filed parallel
with Virginia U.S. Attorneys Office and Tennessee U.S.
Attorney's office) |
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LR-18685
LR-17362
Unofficial
Complaint |
SEC v. Clif Goldstein, formerly known as Clifford Dixon
Noe, Paul Howe Noe, also known as Paul Noe Randall, Carolyn M. Kaplan, Noel
Alelov, Russell B. Gerstein, Nuell W. Paschal, Great American Trust Company,
Inc., and Great American Trust Corporation, Inc.
(so called "prime bank fraud;"
filed parallel with South Carolina U.S. Attorneys Office) |
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LR-17579
Complaint |
SEC v. Kin H. Lee
(market manipulation in the after hours marketplace -- first matter of this
kind ever charged by SEC) |
Honors
Recipient, 2007 Stanley Sporkin Award (granted
to SEC staff member for tenacious and insightful contribution to SEC
Enforcement)
Recipient, 2004 Duke University School of
Law's Young Alumni Award (granted
to one Duke law graduate each year for his or her significant contributions of
leadership and service both professionally and to Duke Law School)
One of 2002’s “Online Finance Forty” as compiled
by Institutional Investor (sole government designee)
Recipient, 2001 SEC Supervisory Excellence Award
One of “Ten to
Watch in 1999: The People and the
Companies Bringing Business to the Net” as compiled by The Industry Standard
(sole government designee)
#11 of “20 Most Important Players on Financial
Web in 1997” as compiled by Institutional Investor (sole government
designee)
"Top Regulator of 1997" and
Runner-up "Internet Compliance Person of the Year" in Internet Compliance
Alert
Publications
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