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SEC Settles With Lawyer Accused In Pump-And-Dump

Law360 (February 7, 2008, 12:00 AM EST) -- A California attorney has settled the U.S. Securities and Exchange Commission's formal accusation that he fabricated legal opinion letters to further a pump-and-dump scheme carried out by two Arizona traders.

The SEC announced Thursday that Kenneth M. Christison would resolve the commission's civil enforcement action, which found him liable under Section 5 of the Securities Exchange Act for enabling the traders' fraud of selling securities that had not been formally registered.

The consent decree bars Christison from committing any future violations of that section of the...
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