Yesterday the SEC settled with the former general counsel of Comverse Technology Inc., William Sorin. Previously, on November 2, 2006 Mr. Sorin plead guilty to a one-count felony information charging conspiracy to commit securities fraud, mail fraud, and wire fraud. …
Month: January 2007
Lusting in Your Heart While Hedging a PIPE Investment
On Thursday, January 4, 2006, the SEC filed another settled civil injunctive action involving short selling in connection with a PIPE offering. SEC v. Joseph J. Spiegel, Civil Action No. 1:07CV00008 (RCL) (D.D.C.) http://www.sec.gov/litigation/litreleases/2007/lr19956.htm. Last month the SEC brought and …
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