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Public Statement

 
 

Statement on Judge's Ruling on Sanctions for Fabrice Tourre

Andrew Ceresney
Director, SEC Division of Enforcement

March 12, 2014

“We’re pleased that the judge’s decision imposes the disgorgement amount we recommended as well as other significant penalties for providing false marketing materials to investors. The ruling reflects the SEC’s intent of pursuing meaningful sanctions to punish individuals responsible for misconduct and deter others from violating the federal securities laws.”

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More Information:

Ceresney Statement on Tourre Verdict

Modified: March 12, 2014