SEC Examiner Resigns, Admits He Veiled Stock Holdings

Law360, New York (April 24, 2014, 4:14 PM EDT) -- A longtime U.S. Securities and Exchange Commission compliance examiner has agreed to resign after admitting that he knowingly made false statements about his personal stock holdings, criminal prosecutors revealed Tuesday.

Prosecutors disclosed the terms of Steven Gilchrist’s deferred prosecution agreement in a court filing, saying criminal charges would be deferred for six months assuming he exhibits “good behavior.” Under the deal, Gilchrist admitted that he knowingly made false statements to the SEC on three occasions regarding his personal holdings of stock in certain banks prohibited by...
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Case Information

Case Title

USA v. Gilchrist


Case Number

1:13-mj-02707

Court

New York Southern

Nature of Suit

Date Filed

November 17, 2013

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