Energytec CEO Hit With Wells Notice From SEC

Law360, New York (November 20, 2007, 12:00 AM EST) -- Energytec Inc. said Monday that it had received a notice of warning indicating that legal action may be on the way against its chief executive and president, Don Lambert.

In a quarterly report filed with the U.S. Securities and Exchange Commission, Energytec disclosed that Lambert had received a Wells notice from the SEC. Lambert will now have an opportunity to respond to the SEC in an attempt to stave off civil charges.

“The board of directors of Energytec has engaged counsel to investigate matters pertaining to...
To view the full article, register now.