SEC Seeks Default Judgment V. PR Firm Wall Street

Law360, New York (September 8, 2009, 5:22 PM EDT) -- The U.S. Securities and Exchange Commission has asked for a default judgment against public relations firm Wall Street Communications Inc. for stock manipulation and the selling of unregistered securities.

In a motion Friday in the U.S. District Court for the Middle District of Florida, the SEC requests the default judgment against Tarpon Springs-based Wall Street.

The agency has also filed charges against Wall Street's founder, Howard Scala, as well as against former Telco executive Donald McKelvey and Arizona-based trader Ross Barall.

The defendants are charged with...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.