Year: 2012

SEC Claims Three Recidivists Took Investors For Millions of Dollars

Three repeat securities law violators teamed up to defraud 70 investors of over $9 million over three years. The complaint claims the defendants sold interests in a privately held biochemical company based on a series of misrepresentations. SEC v. Biochemics,

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This Week In Securities Litigation (Week ending December 14, 2012)

The SEC brought an action against eight fund directors, six of whom were independent and members of the audit committee, alleging that they caused material misstatements in the valuation of fund assets by failing to implement proper standards. The agency

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