Law360, New York (August 06, 2009, 3:02 PM ET) -- Three people — including two attorneys — accused by the U.S. Securities and Exchange Commission of running a “legal opinion mill” issuing bogus letters to facilitate a pump-and-dump scheme have agreed to $50,000 in fines and a bar on participating in penny stock offerings.
Judge Julie Carnes of the U.S. District Court for the Northern District of Georgia on July 31 entered a final judgment by consent against Sandra B. Masino, her company 114 Opinions Inc., and attorneys Albert J. Rasch and Kathleen R. Novinger, the...
'Legal Opinion Mill' Attorneys Settle SEC Fraud Suit
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