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Former Aveo Chief Medical Officer Ordered To Pay SEC $50K

Law360, Boston (February 9, 2018, 5:10 PM EST) -- A federal magistrate judge in Boston on Friday ordered the former chief medical officer at Aveo Pharmaceuticals Inc. to pay a $50,000 civil penalty to the U.S. Securities and Exchange Commission, one-third of what the agency sought, to end claims that he misled investors in a 2012 conference call.

U.S. Magistrate Judge Marianne B. Bowler said that because William Slichenmyer has no plans to lead another company, she decided against the SEC's proposed five-year ban from officer or director positions at publicly traded companies.

“I believe...
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