AIMSI Exec Settles SEC Enforcement Action

Law360, New York (December 3, 2007, 12:00 AM EST) -- A former CEO accused of orchestrating a scheme to inflate the value of his company's stock has reached a settlement with federal regulators, which, in addition to imposing a fine, will permanently bar him from ever serving as an officer or director of a public company.

In a consent order entered on Friday in the U.S. District Court for the Southern District of New York, Reginald Hall, the CEO of Aimsi Technologies Inc., agreed to the ban demanded by the U.S. Securities and Exchange Commission. Hall...
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