Broker Transferred Assets To Wife To Avoid Fines: SEC

Law360, New York (November 15, 2010, 7:01 PM EST) -- The U.S. Securities and Exchange Commission has accused convicted former broker Jamie L. Solow of transferring $4.5 million in assets to his wife to avoid paying a securities fraud judgment levied against him in 2008.

At critical points in the SEC’s case against Solow, he transferred three pieces of real estate and liquidated joint securities to his wife, Gina P. Solow, constituting a “campaign of asset concealment and fraudulent transfers,” according to an amended complaint filed Friday in the U.S. District Court for the Southern District...
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