February 1, 2019/US SEC On January 11, 2019, the U.S. District Court for the Southern District of New York entered a judgment against Andrew B. Scherr, the co-owner of Southport Lane Management, LLC, a now defunct New York-based private equity firm. The SEC charged Scherr in October 2018 with aiding […]
Frauds & Scandals
Two Alleged Market Manipulators Sentenced in Parallel Criminal Case
January 31, 2019/US SEC Two alleged market manipulators in an SEC enforcement action filed in 2016 have now been sentenced in a parallel criminal case. The criminal charges against each stem from the same misconduct alleged in the SEC’s complaint filed on April 7, 2016, in the U.S. District Court […]
Relief Defendant in Fraud Case Against Illinois Investment Adviser Is Ordered to Pay More Than $1 Million
January 29, 2019/US SEC On January 4, 2019, the United States District Court for the Northern District of Illinois entered a final judgment by default against relief defendant Edward H. Forte in an SEC enforcement action. In March 2017, the Commission charged Daniel H. Glick, a Chicago-based investment adviser, and […]
