No settlement expected in $27 million SEC 'market manipulation' case, court filing says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Florida businessman Barry Honig appears to no longer want to settle with the SEC in a case it called 'classic pump-and-dump schemes,' according to a Tuesday filing.

"The parties do not believe there is a possibility of prompt settlement of this case," says a Tuesday court filing signed by all parties.

The SEC already settled in full or in part with nine defendants, including Miami biotech billionaire Phillip Frost, according to court filings. "Defendant Honig and the Commission staff reached an agreement in principle to settle the Commission's claims for liability," the April motion said.Barry Honig, a venture capitalist and micro-cap investor, was once one of the largest investors in Riot Blockchain."The parties do not believe there is a possibility of prompt settlement of this case, although the Commission has noted its willingness to discuss settlement with any Defendant," the Tuesday filing said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why drag Derek Jeter into this?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines