Supply Chain Council of European Union | Scceu.org
Operations

SEC Fights To Call Spartan ‘Shell Factory’ At Trial

by scceu0525

Law360 (November 23, 2020, 5:57 PM EST) — The U.S. Securities and Exchange Commission urged a Florida federal court on Friday to reject Spartan Securities’ bid to block the use of the term “shell factory” in an upcoming trial over allegations that the broker-dealer was complicit in the creation of sham companies that allegedly fraudulently sold stock.

The regulator wants to use what it feels is an accurate description in a trial currently set for February over claims that Spartan and transfer agent Island Capital assisted a scheme to create sham companies and fraudulently sell stock on the over-the-counter markets.

The regulator called it “astonishing” that Spartan, Island, and…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related posts

Augusta factory increases production of medical masks to help with global shortage

scceu

Meat factory closed after 1,300 workers test positive

scceu

Meat producers in Aroostook see increase in business after COVID-19 affects factory farms — Aroostook — Bangor Daily News — BDN Maine

scceu