SEC Seeks Review Of US Pension Ruling

Law360, New York (August 14, 2009, 6:34 PM EDT) -- The U.S. Securities and Exchange Commission has asked a federal judge to reconsider a denial of summary judgment over the alleged failure of U.S. Pension Trust Corp. and U.S. College Trust Corp. to register as broker-dealers, in a suit accusing the investment firms of fraud in their dealings with Latin American mutual fund investors.

The SEC filed its motion Thursday in the U.S. District Court for the Southern District of Florida, contending that there were undisputed facts that the companies never registered with the commission, that...
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.