Optimized Transportation Management, Inc. offers transportation and logistics services. The company was founded in 2009 and is based in Pittsburgh, Pennsylvania. Optimized Transportation Management, Inc. operates as a subsidiary of World Logistics Services, Inc.
707 Grant Street
Pittsburgh, PA 15219
Founded in 2009
SEC Revokes Registration Of Registered Securities Of Optimized Transportation Management
Aug 14 12
The United States Securities and Exchange Commission (SEC or the Commission) announced the issuance of an order making findings and revoking registration of securities pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Order) against Optimized Transportation Management, Inc. The Order finds that company with a class of securities registered with the Commission pursuant to Section 12(g) of the Exchange Act. The Order also finds company has failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 there under while its common stock was registered with the Commission because it has not filed its required periodic reports since it filed its last Form 10-K for the year ended December 31, 2009 on March 31, 2010 and its last Form 10-Q for the quarter ended September 30, 2010 on November 22, 2010. The company consented to the issuance of the order revoking the registration of each class of company’s securities registered with the Commission pursuant to Section 12 of the Exchange Act.
SEC Orders Hearing On Registration Suspension Or Revocation Against Optimized Transportation Management
Jun 5 12
On June 5, 2012, the Securities and Exchange Commission (SEC) issued an Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934 (the Order) against Optimized Transportation Management, Inc. (Optimized Transportation) to determine whether the registration of its securities should be suspended for a period not exceeding twelve months or revoked for failure to file required periodic reports pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Exchange Act). In the Order, the Division of Enforcement (Division) alleges that Optimized Transportation failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 there under by failing to file periodic reports required by these provisions. A hearing will be scheduled before an Administrative Law Judge to provide Optimized Transportation an opportunity to respond to the allegations of the Division contained in the Order, to determine whether these allegations are true, and to determine whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months or revoke the registration of Optimized Transportation’s securities. The Commission ordered that the Administrative Law Judge in these proceedings issue an initial decision not later than 120 days from the date of service of the Order.
Securities and Exchange Commission Files Complaints in the U.S. District Court for the Southern District of Florida
Jun 4 12
The Securities and Exchange Commission charged several CEOs and their companies, and three penny stock promoters with securities fraud for their roles in various illicit kickback and market manipulation schemes involving microcap stocks. The defendants reside or are based in South Florida, California, Texas, Pennsylvania, New York, Virginia, and Nevada. According to complaints the SEC filed in the U.S. District Court for the Southern District of Florida, defendants Yan K. Skwara, Douglas D. Hague, Joseph J. Repko, Michael M. Cimino, Ryan F. Coblin, US Farms, Inc., Clean Coal Technologies, Inc., Sure Trace Security Corp., and Delivery Technology Solutions, Inc. engaged in schemes involving the payment of undisclosed kickbacks to a pension fund manager in exchange for the fund’s purchase of restricted shares of stock in the various microcap companies. Securities and Exchange Commission also filed additional complaints in the Southern District of Florida, wherein defendants Robert L. Cotton, Harold Steven Bonenberger, Matthew A. Connor, Kevin P. Brennan, Donald G. Huggins, Marc S. Page, Cotton & Western Mining, Inc., Angel Acquisition Corp. n/k/a Biogeron, Inc., and Optimized Transportation Management, Inc. engaged in schemes were involved in an undisclosed bribe that was to be paid to a stock broker who agreed to purchase the microcap companies’ stock in the open market for his customers’ discretionary accounts. In the complaint against defendants Scott A. Haire and Wound Management Technologies, Inc., the SEC alleges that the defendants engaged in schemes involving both an undisclosed kickback and bribe. The SEC alleges that the defendants in the schemes involving undisclosed kickbacks understood they needed to disguise the kickbacks as payments to phony consulting companies, which they knew would perform no actual work. They also knew the fund manager owed a fiduciary duty to the fund. In the schemes involving the undisclosed bribes, the SEC alleges that the defendants knew their illegal activities were meant to artificially inflate the companies’ stock volume and prices. The SEC’s complaints allege the defendants violated Section 17(a)(1) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(a) and/or 10b-5(c) there under. The SEC is seeking permanent injunctions, disgorgement plus prejudgment interest, and financial penalties against all the defendants; penny stock bars against all the individual defendants, and officer-and-director bars against defendants Skwara, Hague, Cimino, Bonenberger, Brennan, and Haire.