News Formal

SEC: 'Primary strategist' in $27 million 'lucrative market manipulation' case plans to settle

  • 📰 CNBC
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Florida businessman Barry Honig plans to settle charges in what the SEC called 'classic pump-and-dump schemes,' according to a motion filed Friday.

“This week, Defendant Honig and the Commission staff reached an agreement in principle to settle the Commission’s claims for liability, " the SEC said in a motion.The SEC lready settled in full or in part with nine defendants, including Miami biotech billionaire Phillip Frost, according to court filings.

Florida businessman Barry Honig plans to settle charges brought by the Securities and Exchange Commission, the SEC said, in what it calledwhen the charges were announced. The SEC filed a motion on Friday afternoon requesting an extension of time. "This week, Defendant Honig and the Commission staff reached an agreement in principle to settle the Commission's claims for liability," the motion said.

Honig's company GRQ was also charged and is included in the proposed settlement. The extension of time was requested to allow the SEC to obtain "approval of a settlement in principle," according to the latest filing. Barry Honig, a venture capitalist and micro-cap investor, was once one of the largest investors in Riot Blockchain.The SEC charged 19 others along with Honig.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Uber, Lyft, Pinterest, And Zoom: SEC Filings Reveal Trends In Private Company Stock Grant DesignWhen you work for a fast-growing private company that's likely to go public or get acquired, you often take the job with the idea that you’ll get sizeable stock grants and perhaps life-changing wealth. How do these grants work? Let's look at registration statements of IPO or soon-to-be-IPO firms. Consult an Equity Compensation specialist when evaluating restricted stock grants...
Källa: Forbes - 🏆 394. / 53 Läs mer »