Madoff Marketing Arm Settles With SEC

Law360, New York (November 2, 2010, 4:03 PM EDT) -- The marketing arm for Bernard Madoff’s investment firm, Cohmad Securities Corp., its co-founder Maurice “Sonny” Cohn and other executives have reached a partial consent agreement with the U.S. Securities and Exchange Commission that would prohibit them from violating various securities laws.

The partial judgments on consent were submitted Monday along with an amended complaint by the SEC, in the U.S. District Court for the Southern District of New York.

The agreements, which still await court approval, said that the issue of disgorgement, prejudgment interest and civil...
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