Law360, New York (August 10, 2011, 1:30 PM EDT) -- The wife of convicted former broker Jamie L. Solow, who allegedly transferred $4.5 million in assets to her to avoid paying a 2008 securities fraud judgment levied against him, reached a settlement in Florida federal court Wednesday with the U.S. Securities and Exchange Commission.
Under the terms of the deal, Gina Solow will hand over $319,000 based on the sale of the couple's properties in Florida and Utah.
“The SEC's claims against the real property described in the settlement (i.e., the condominium in Fort Lauderdale, Fla.,...
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.