SEC To Settle Suit Against Wall Street PR Firm

Law360, New York (November 22, 2010, 5:30 PM EST) -- The U.S. Securities and Exchange Commission is considering a settlement proposal to end its lawsuit accusing Wall Street Communications Inc. of manipulating stock and selling unregistered securities, according to a court order.


In an order Friday, Judge S. Moody Jr. of the U.S. District Court for the Middle District of Florida canceled a trial scheduled for Nov. 29 and ordered Wall Street and the SEC to provide a status report on the proposed settlement by Jan. 4.


The SEC had filed the suit against...
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.