Penny Stock Pushers Settle SEC Fraud Claims

Law360, New York (October 4, 2011, 3:18 PM EDT) -- Two stock promoters agreed Monday to be barred from penny stock trading and to pay civil penalties in Florida federal court after they were nabbed in June as part of a broader criminal and civil investigation into fraud and kickbacks in microcap trading.

Charles Fuentes and Brian Gibson agreed to permanent injunctions in order to end separate civil lawsuits by the U.S. Securities and Exchange Commission, which will make a recommendation to the court about how much the men should pay in penalties, according to consent...
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Case Information

Case Title

Securities and Exchange Commission v. Gibson


Case Number

0:11-cv-61458

Court

Florida Southern

Nature of Suit

Securities/Commodities

Judge

William P. Dimitrouleas

Date Filed

June 30, 2011


Case Title

Securities and Exchange Commission v. Schroepfer et al


Case Number

0:11-cv-61454

Court

Florida Southern

Nature of Suit

Securities/Commodities

Judge

Cecilia M. Altonaga

Date Filed

June 30, 2011

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