SEC Wants $32M From Founding Partners Exec

Law360, New York (May 4, 2011, 6:52 PM EDT) -- The U.S. Securities and Exchange Commission said Wednesday that a Florida financier should pay $31.8 million under the consent judgment he entered to end his involvement in the $550 million fraud lawsuit against him and his company Founding Partners Capital Management Co.

The agency asked a Florida federal court to require William Gunlicks to pay more than $28 million in disgorgement, more than $2 million in prejudgment interest, and a civil penalty of $1 million in its suit accusing the financier and Founding Partners of lying...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. Founding Partners Capital Management, Co. et al

Case Number



Florida Middle

Nature of Suit



John E. Steele

Date Filed

April 20, 2009

Government Agencies

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.