SEC Lands Injunction In JOBS Act Fraud Case

Law360, New York (June 21, 2013, 2:44 PM EDT) -- The U.S. Securities and Exchange Commission reached an agreement with a man accused of running an investment scheme that sought to raise billions under the Jumpstart Our Business Startups Act that temporarily bars him from any fraudulent activity.

The SEC and Daniel F. Peterson agreed to a preliminary injunction, signed by U.S. District Judge Lonny R. Suko, enjoining him from issuing or soliciting any security of an entity he controls. The injunction comes after the commission sued Peterson in April, claiming he falsely told investors that...
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