SEC Orders Ex-SpatiaLight CEO To Pay $3.3M

Law360, New York (January 24, 2011, 7:46 PM EST) -- A federal judge has ordered the former CEO of SpatiaLight Inc. and his company Argyle Capital Management Corp. to hand over $3.37 million for violating federal securities laws.

Judge Maxine M. Chesney in the U.S. District Court for the Northern District of California granted the U.S. Securities and Exchange Commission's motion, ordering Robert Olins to disgorge the $2.4 million he received through unlawful trading practices, plus more than $890,000 of prejudgment interest, and barred him from violating Sections 5(a) and (c) of the Securities Act....
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