Perimeter Chief Settles Over Alleged $4.5M Fraud

Law360, New York (July 20, 2011, 1:26 PM EDT) -- An investment manager settled with the U.S. Securities and Exchange Commission in Georgia on Tuesday over an alleged $4.5 million fraud, agreeing to pay a fraction of the $640,000 the agency said he pocketed.

U.S. District Judge Amy Totenberg wrapped up the SEC’s case against Kenneth Burnt, permanently enjoining the investment manager from violating the securities laws and requiring him to disgorge $51,000 of the money he made from the alleged scam.

“Based on Burnt’s sworn representations in his statement of financial condition ... and other...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities And Exchange Commission v. Burnt et al


Case Number

1:10-cv-04121

Court

Georgia Northern

Nature of Suit

Securities/Commodities

Judge

Amy Totenberg

Date Filed

December 20, 2010

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.