Global Future City Holding Inc. FTCY (last ticker on record)
CIK 1164964Its SEC filings (opens in a new tab)
- Restatement
- 95% wipeout
- Went dark (not a red flag)
These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.
- Red flags
- 2
- Newest began Jul 2017
- Largest fall in its shares
- 98%
- Mar 2016 to Aug 2017
- Law firms
- 7
- Linked to 5 or more companies
- Lawyers
- 6
- Linked to 5 or more companies
What happened
- SEC action against a company that stopped filingSEC order (opens in a new tab)
- Shares down 95% from their high
- Said its accounts could not be relied on (Item 4.02)Form 8-K/A (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K/A (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K/A (opens in a new tab)
An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.
Law firms
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- Horwitz + Armstrong, A Professional Law CorporationFirst linked May 2015 · Named in SEC correspondence · 8 linked companiesSEC/DOJ scrutiny 1.32× · Went dark 7.14× · 95% wipeout 1.78×
- HORWITZ, CRON & ARMSTRONG, LLPFirst linked Mar 2011 · Named in SEC correspondence · 5 linked companiesSEC/DOJ scrutiny 1.70× · Went dark 3.45× · 95% wipeout 2.62×
- Oswald & YapFirst linked Oct 2008 · Named in a filing · 25 linked companiesSEC/DOJ scrutiny 1.48× · Went dark 1.66× · 95% wipeout 1.15×
- Solomon Ward Seidenwurm & SmithFirst linked Jul 2007 · Named in a filing · 9 linked companiesSEC/DOJ scrutiny 3.53× · Went dark 3.50× · 95% wipeout 4.44×
- Gersten Savage LLPFirst linked Oct 2005 · Named in a filing · 137 linked companiesSEC/DOJ scrutiny 1.20× · Went dark 1.38× · 95% wipeout 1.22×
- Joel Bernstein, Esq., P.A.First linked Jan 2006 · Text search only · 18 linked companiesSEC/DOJ scrutiny 1.94× · Went dark 1.57× · 95% wipeout 1.02×
- Fish & RichardsonFirst linked Oct 2005 · Text search only · 37 linked companiesSEC/DOJ scrutiny 0.93× · Went dark 1.30× · 95% wipeout 2.73×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Horwitz + Armstrong, A Professional Law Corporation | May 2015 | Named in SEC correspondence | 8 | 1.32 | 7.14 | 1.78 |
| HORWITZ, CRON & ARMSTRONG, LLP | Mar 2011 | Named in SEC correspondence | 5 | 1.70 | 3.45 | 2.62 |
| Oswald & Yap | Oct 2008 | Named in a filing | 25 | 1.48 | 1.66 | 1.15 |
| Solomon Ward Seidenwurm & Smith | Jul 2007 | Named in a filing | 9 | 3.53 | 3.50 | 4.44 |
| Gersten Savage LLP | Oct 2005 | Named in a filing | 137 | 1.20 | 1.38 | 1.22 |
| Joel Bernstein, Esq., P.A. | Jan 2006 | Text search only | 18 | 1.94 | 1.57 | 1.02 |
| Fish & Richardson | Oct 2005 | Text search only | 37 | 0.93 | 1.30 | 2.73 |
Lawyers
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- Christopher L. TinenProcopio, Cory, Hargreaves & Savitch LLPFirst linked Jul 2015 · Named in SEC correspondence · 22 linked companiesSEC/DOJ scrutiny 1.32× · Went dark 5.75× · 95% wipeout 1.17×
- Lawrence W. HorwitzHorwitz & BeamFirst linked May 2015 · Named in SEC correspondence · 21 linked companiesSEC/DOJ scrutiny 1.25× · Went dark 1.20× · 95% wipeout 1.67×
- Harry J. ProctorSolomon Ward Seidenwurm & SmithFirst linked Jul 2007 · Named in a filing · 6 linked companiesSEC/DOJ scrutiny 3.06× · Went dark 3.10× · 95% wipeout 3.88×
- Arthur S. MarcusSichenzia Ross Ference LLPFirst linked Oct 2005 · Named in a filing · 75 linked companiesSEC/DOJ scrutiny 1.11× · Went dark 0.73× · 95% wipeout 1.39×
- James L. VandebergTHE OTTO LAW GROUP, PLLCFirst linked Dec 2003 · Named in a filing · 36 linked companiesSEC/DOJ scrutiny 0.80× · Went dark 1.37× · 95% wipeout 0.86×
- Joel BernsteinJoel Bernstein, Esq., P.A.First linked Jan 2006 · Text search only · 24 linked companiesSEC/DOJ scrutiny 2.24× · Went dark 2.61× · 95% wipeout 0.97×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Christopher L. TinenProcopio, Cory, Hargreaves & Savitch LLP | Jul 2015 | Named in SEC correspondence | 22 | 1.32 | 5.75 | 1.17 |
| Lawrence W. HorwitzHorwitz & Beam | May 2015 | Named in SEC correspondence | 21 | 1.25 | 1.20 | 1.67 |
| Harry J. ProctorSolomon Ward Seidenwurm & Smith | Jul 2007 | Named in a filing | 6 | 3.06 | 3.10 | 3.88 |
| Arthur S. MarcusSichenzia Ross Ference LLP | Oct 2005 | Named in a filing | 75 | 1.11 | 0.73 | 1.39 |
| James L. VandebergTHE OTTO LAW GROUP, PLLC | Dec 2003 | Named in a filing | 36 | 0.80 | 1.37 | 0.86 |
| Joel BernsteinJoel Bernstein, Esq., P.A. | Jan 2006 | Text search only | 24 | 2.24 | 2.61 | 0.97 |