Private Equity Manager's Assets Frozen Amid SEC Probe

Law360, New York (January 27, 2012, 3:54 PM EST) -- A Missouri federal judge granted the U.S. Securities and Exchange Commission's motion for an asset freeze Friday against a St. Louis private equity fund manager accused of bilking investors out of more than $9 million.

U.S. District Judge Carol E. Jackson ordered Burton Douglas Morriss and his private equity firms, including Acartha Group, to immediately freeze all personal and company assets. The order also prohibits the destruction of books and records related to the charges.

The SEC filed a civil complaint against Morriss and his companies...
To view the full article, register now.




Case Information

Case Title

Securites and Exchange Commission v.Morriss et al

Case Number



Missouri Eastern

Nature of Suit



Carol E. Jackson

Date Filed

January 17, 2012

Law Firms

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.