SEC
Whistleblower
Attorneys

August 21, 2017

Ironridge Global Partners LLC, Ironridge Global IV

Financial Fraud

SANCTION AMOUNT: $4400000

Defendants: Ironridge Global Partners LLC, Ironridge Global IV

Respondents agreed to settle charges that they violated the Securities Exchange Act of 1934 by failing to register as dealers when they were regularly distributing millions of shares of microcap stock. The shares were acquired by Respondent Ironridge Global IV, IGP's subsidiary, pursuant to a “liabilities for equity” or LIFE program in which microcaps were provided with funding for their liabilities in exchange for equity. The Respondents also collected fees resembling underwriting fees from microcap participants, such as such as success fees, documentation fees and break-up fees.

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