Former SemGroup Exec Consents To Fine In SEC Case

Law360, New York (November 03, 2009, 2:04 PM ET) -- A former SemGroup LP vice president accused of dumping his shares before the Tulsa, Okla.-based oil services outfit went bankrupt has agreed to pay penalties and interest topping $138,000 as the company nears the end of a messy reorganization.

Monday's consent judgment against Don N. Spaugy in the U.S. District Court for the Northern District of Oklahoma came less than two weeks after the U.S. Securities and Exchange Commission filed suit.

As vice president of financial services, Spaugy was responsible for credit, investment, interest and currency...
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