FROM: U.S. SECURITIES AND EXCHANGE COMMISSION
Court Enters Final Judgments by Consent Against SEC Defendants Giuseppe Pino Baldassarre and Robert Mouallem
The Securities and Exchange Commission announced that on August 16, 2013, the Honorable Allyne R. Ross, United States District Court Judge for the Eastern District of New York, entered final judgments by consent against Defendants Giuseppe Pino Baldassarre and Robert Mouallem. The final judgments permanently enjoin Baldassarre and Mouallem from future violations of Sections 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The final judgments also (i) order Baldassarre and Mouallem to pay total combined disgorgement and prejudgment interest of $21,932.03, which is deemed satisfied by the forfeiture orders entered against them in a parallel criminal action, and (ii) bar Baldassarre and Mouallem from participating in any offering of penny stock. In addition, the judgment against Baldassarre prohibits him from acting as an officer or director of a public company.
On December 7, 2011, the SEC filed its complaint against Baldassarre, Mouallem, and Malcolm Stockdale alleging that from at least October 2009, they engaged in a fraudulent broker bribery scheme designed to manipulate the market for the common stock of Dolphin Digital Media, Inc. The complaint alleged that they engaged in an undisclosed kickback arrangement with an individual who claimed to represent a group of registered representatives with trading discretion over the accounts of wealthy customers.
A PUBLICATION OF RANDOM U.S.GOVERNMENT PRESS RELEASES AND ARTICLES
Showing posts with label FRAUDULENT BROKER BRIBERY SCHEME. Show all posts
Showing posts with label FRAUDULENT BROKER BRIBERY SCHEME. Show all posts
Saturday, August 24, 2013
Subscribe to:
Posts (Atom)
Search This Blog
Translate
White House.gov Press Office Feed
- President Donald J. Trump's Year of Regulatory Reform and Environmental Protection at the EPA - hliggett
- A Message from President Donald J. Trump on Hanukkah - hliggett
- President Donald J. Trump will Make the American Military Great Again - hliggett
- Statement from President Donald J. Trump Regarding Today's Attack in New York City - hliggett
- F.H. Buckley: "GOP tax bill is good for middle-class Americans" - hliggett