Ex-SEC Lawyer, 5 Others Sold Unregistered Stocks: Judge

By Evan Weinberger

Law360, New York (January 26, 2012, 4:08 PM ET) -- A Texas federal judge on Thursday ruled on summary judgment that six individuals, including a former U.S. Securities and Exchange Commission attorney already in prison for securities fraud, traded unregistered penny stocks in six companies.

U.S. District Judge Sidney A. Fitzwater ruled that the SEC had sufficiently pled that Phillip W. Offill Jr., Shane A. Mullholand, Ryan M. Reynolds, Timothy T. Page and Steven P. Fischer had traded stock in the six companies, which were being taken public, in 2004 without properly registering the offerings with...
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Case Information

Case Title

Securities and Exchange Commission v. Offill et al

Court

Texas Northern

Nature of Suit

Securities/Commodities

Case Number

3:07-cv-01643

Judge

Sidney A Fitzwater

Date Filed

September 26, 2007

Sections

Government Agencies Mentioned