SEC Wants Insider Trading Penalty 'With Sobering Message'

Law360, New York (October 11, 2017, 7:35 PM EDT) -- The U.S. Securities and Exchange Commission on Tuesday asked a Massachusetts federal judge to impose a substantial civil penalty against the last remaining member of a "golfing group" accused of cashing in on stock tips, hoping to "send a loud and sobering message to other would-be insider traders."  

Senior U.S. District Judge Rya Zobel had entered judgment against Jamie Meadows on Sept. 19, ordering him to disgorge $191,521 in profits and $233,362 in interest and blocking him from again violating the Securities Exchange Act of 1934. Meadows...
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Case Information

Case Title

Securities and Exchange Commission v. McPhail et al


Case Number

1:14-cv-12958

Court

Massachusetts

Nature of Suit

Securities/Commodities

Judge

Rya W. Zobel

Date Filed

July 11, 2014

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