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.