'Madden NFL' Co-Creator Sues Securities Regulators

Law360, New York (July 25, 2013, 2:15 PM EDT) -- The co-creator of the Sega “Madden NFL” video game on Wednesday hit federal regulators, including the U.S. Securities Exchange Commission, with a lawsuit in Hawaii federal court, claiming the agencies helped cover up a brokerage firm's short selling scheme in the developer's Christian video game business.

Troy Lyndon, Madden co-developer turned Christian-game creator, blasted the Financial Industry Regulatory Authority, the SEC and the Depository, Trust & Clearing Corp. for allegedly helping Newbridge Securities Corp. hide its naked short position in his company, Left Behind Games, according...
To view the full article, register now.

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.