CONTACT US

Phone: 248-385-7100

Email: info@shermanlawoffices.com

About Us-

Welcome to our website.

Sherman Law Offices is honored you have taken the time to seek out our team; we hope to be of value for you and your business.

Our firm has over twenty-two years’ of experience working with business owners. We

can help with securities offerings, corporate entity formation, trust formation, and almost any other legal issue that presents itself to your business, or to you as a business owner. Our firm maximizes efficiency while keeping your legal costs down.

If you are in the middle of a project, just starting one, or simply considering your

options, we would like to help. We can schedule a free telephone call to hear about your business, offer some preliminary advice, and inform you of what you can and should do next. Please do not hesitate to email or call and we will gladly schedule a mutually convenient time for a consultation.

Newsroom

Press Releases Official announcements highlighting recent actions taken by the SEC and other newsworthy information.  To view Press Releases prior to 2012, view the Press Release Archive.

SEC Charges Stock-Based Lender With Selling Billions of Penny Stock Shares as Unregistered Broker-Dealer
Posted by on 01/29/2015 at 6:30 PM

The Securities and Exchange Commission today charged a Chicago-area company that provides stock loans using equities as collateral, its two co-founders, and its former chief operating officer with selling more than nine billion shares of penny stocks through purported stock-based loans, block […]

Robert E. Rice, Chief Counsel to SEC Chair, to Leave SEC
Posted by on 01/29/2015 at 3:00 PM

The Securities and Exchange Commission today announced that Robert E. Rice, Chief Counsel to Chair Mary Jo White, will leave the agency at the end of February. Chair White named Mr. Rice her Chief Counsel in June 2013.  In that position, Mr. Rice has been a senior legal and policy […]

SEC Names Erin Schneider as Associate Regional Director in San Francisco Office
Posted by on 01/28/2015 at 8:00 PM

The Securities and Exchange Commission today announced that Erin E. Schneider has been named the Associate Regional Director for enforcement in the San Francisco office. Ms. Schneider began working in the San Francisco office in 2005 as a staff attorney and became an Assistant Regional […]

SEC to Hold Roundtable on Proxy Voting
Posted by on 01/27/2015 at 10:00 PM

The Securities and Exchange Commission today announced that it will host a roundtable on February 19 to explore ways to improve the proxy voting process.  The roundtable, which will be held at the SEC’s Washington, D.C. headquarters, will focus on universal proxy ballots and retail […]

SEC Charges Oppenheimer With Securities Law Violations Related to Improper Penny Stock Sales
Posted by on 01/27/2015 at 3:00 PM

The Securities and Exchange Commission today charged Oppenheimer & Co. with violating federal securities laws while improperly selling penny stocks in unregistered offerings on behalf of customers. Oppenheimer agreed to admit wrongdoing and pay $10 million to settle the SEC’s […]

SEC Charges Former Executive at Tampa-Based Engineering Firm With FCPA Violations
Posted by on 01/22/2015 at 3:40 PM

The Securities and Exchange Commission today charged a former officer at a Tampa, Fla.-based engineering and construction firm with violating the Foreign Corrupt Practices Act (FCPA) by offering and authorizing bribes and employment to foreign officials to secure Qatari government contracts.  […]

SEC Charges Investment Adviser and Manager in South Florida-Based Fraud
Posted by on 01/21/2015 at 6:15 PM

The Securities and Exchange Commission today announced fraud charges and an asset freeze against a Fort Lauderdale, Florida-based investment advisory firm, its manager, and three related funds in a scheme that raised more than $17 million since November 2013. The SEC’s complaint filed in […]

Investment Management Director Norm Champ to Leave SEC
Posted by on 01/21/2015 at 5:00 PM

The Securities and Exchange Commission today announced that Norm Champ, Director of the Division of Investment Management, will leave the agency later this month after five years serving in senior leadership positions. Mr. Champ played a key role in the SEC’s completion of landmark […]

SEC Announces Charges Against Standard & Poor’s for Fraudulent Ratings Misconduct
Posted by on 01/21/2015 at 2:00 PM

The Securities and Exchange Commission today announced a series of federal securities law violations by Standard & Poor’s Ratings Services involving fraudulent misconduct in its ratings of certain commercial mortgage-backed securities (CMBS). S&P agreed to pay more than $58 […]

SEC Announces Charges Against Attorneys and Auditors in Microcap Scheme Involving Purported Mining Companies
Posted by on 01/15/2015 at 9:30 PM

The Securities and Exchange Commission today announced charges against attorneys, auditors, and others allegedly involved in a microcap scheme the agency stifled last year when it suspended the registration statements of 20 purported mining companies being used for sham offerings of stock to […]

Fee Rate Advisory #3 for Fiscal Year 2015
Posted by on 01/15/2015 at 7:30 PM

The Securities and Exchange Commission today announced that starting on Feb. 14, 2015, the fee rates applicable to most securities transactions will be set at $18.40 per million dollars.  Consequently, each SRO will continue to pay the Commission a rate of $22.10 per million for […]

SEC Charges UBS Subsidiary With Disclosure Violations and Other Regulatory Failures in Operating Dark Pool
Posted by on 01/15/2015 at 4:20 PM

The Securities and Exchange Commission today charged a subsidiary of UBS with disclosure failures and other securities law violations related to the operation and marketing of its dark pool. UBS Securities LLC agreed to settle the charges by paying more than $14.4 million, including a $12 […]

SEC Adopts Rules to Increase Transparency in Security-Based Swap Market
Posted by on 01/14/2015 at 7:50 PM

The Securities and Exchange Commission today adopted two new sets of rules that will require security-based swap data repositories (SDRs) to register with the SEC and prescribe reporting and public dissemination requirements for security-based swap transaction data.  The SEC also proposed […]

SEC Announces Members of New Equity Market Structure Advisory Committee
Posted by on 01/13/2015 at 9:15 PM

The Securities and Exchange Commission today announced the members of a new Equity Market Structure Advisory Committee, which will focus on the structure and operations of the U.S. equities markets. The committee will provide a formal mechanism through which the Commission can receive advice […]

SEC Charges Canadian Man With Conducting Fraudulent Trading Scheme
Posted by on 01/13/2015 at 6:15 PM

The Securities and Exchange Commission today charged a man living in Ontario, Canada, with orchestrating a lucrative market manipulation scheme that relied on “layering” in which a trader places orders solely to trick others into buying or selling U.S. publicly traded stocks at […]

SEC Announces 2015 Examination Priorities
Posted by on 01/13/2015 at 4:30 PM

The Securities and Exchange Commission today announced its Office of Compliance Inspections and Examinations’ (OCIE) priorities for 2015 which focus on three areas: protecting retail investors, especially those saving for or in retirement; assessing market-wide risks; and using data analytics […]

SEC Charges Direct Edge Exchanges With Failing to Properly Describe Order Types
Posted by on 01/12/2015 at 4:40 PM

The Securities and Exchange Commission today announced that two exchanges formerly owned by Direct Edge Holdings and since acquired by BATS Global Markets have agreed to pay a $14 million penalty to settle charges that their rules failed to accurately describe the order types being used on the […]

SEC Names Walter Jospin as Regional Director of Atlanta Office
Posted by on 01/08/2015 at 3:25 PM

The Securities and Exchange Commission today named Walter E. Jospin as Regional Director of its Atlanta office, where he will oversee enforcement and examinations in a region covering five states. Mr. Jospin joins the SEC from the law firm of Paul Hastings LLP, where he is a partner in the […]

SEC Announces Program to Facilitate Analysis of Corporate Financial Data
Posted by on 12/30/2014 at 6:30 PM

The Securities and Exchange Commission today announced the launch of a pilot program to facilitate investor analysis and comparisons of public company financial statement data.  Under the new program, data that companies provide in structured formats will be combined and organized into […]

SEC Announces Charges Against N.Y.-Based Firm and Three Executives Accused of Siphoning Investor Money
Posted by on 12/29/2014 at 7:03 PM

The Securities and Exchange Commission today announced charges against three fund managers and their New York-based firm accused of secretly diverting investor money for their own benefit to prop up a fledgling side business. The SEC Enforcement Division alleges that VERO Capital […]