We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC Seeks Ruling In $80M Trust Fund Plot Case

Law360 (June 2, 2009, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has asked a federal court to rule in its favor in a case against a trust products company that allegedly raked in $80 million by charging fees of up to 85 percent on mutual funds it sold to thousands of Latin American investors.

The SEC moved for summary judgment in the U.S. District Court for the Southern District of Florida on Monday, claiming U.S. Pension Trust Corp., U.S. College Trust Corp. and three former executives violated federal securities laws by...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.