We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Judge Largely Finds For Money Manager In SEC Fraud Case

Law360, New York (April 16, 2015, 7:21 PM EDT) -- A U.S. Securities and Exchange Commission administrative law judge ruled Thursday that private equity manager David J. Montanino violated the Investment Advisor Act by deceiving clients but cleared him of more serious Securities Act and Exchange Act fraud allegations and declined to bar Montanino from finance.

Judge James E. Grimes hit Montanino with a $25,000 civil penalty but declined to order the Long Island man disgorge more than $105,000 — relief the SEC asked for — in a ruling that went mostly against the agency.

"Montanino is liable for two violations arising from one course of conduct that, relative to what...

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!


Attached Documents


Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.



Government Agencies