Mining Co. To Pay SEC $8.5M After Duping Investors

Law360, New York (August 4, 2017, 9:10 PM EDT) -- The U.S. Securities and Exchange Commission asked a Florida federal court on Friday to sign off on a final judgment against a mining company and two of its executives after the company agreed to pay more than $8.5 million to settle allegations that it misled investors in a Mexican silver mine.

Florida-based Hidalgo Mining Corp., its president John W. Boyer and vice-president Joshua F. McAlees allegedly misrepresented the benefits shareholders could expect to receive from investing in a silver mine outside of Mexico City. The SEC asserts that Boyer and McAlees made personal guarantees on investments which they could not fulfill...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!