U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22867 / November 12, 2013
Securities and Exchange Commission v. Charles T. Lawrence, Civil Action No. 13 Misc. 00376 (S.D.N.Y. )
SEC Files Subpoena Enforcement Action Against Charles T. Lawrence
On November 6, 2013, the Securities and Exchange Commission filed an application with the United States District Court for the Southern District of New York for an order to enforce an investigative subpoena served on Charles T. Lawrence relating to his formerly registered investment adviser Chasson Group, Inc., located in New York, NY.
The SEC's application and supporting papers allege that on April 29, 2013, the SEC issued a Formal Order Directing Private Investigation entitled In the Matter of Chasson Group, Inc. According to the Commission's application, Lawrence has failed to comply with a validly issued and served subpoena for documents and testimony relating to this investigation, which involves, among other things, possible (i) misappropriation of client funds, (ii) false or misleading statements in forms Chasson Group filed with the Commission, and (iii) acting as an unregistered broker-dealer.
A hearing on the Commission's application has been scheduled on November 13, 2013. [Securities and Exchange Commission v. Charles T. Lawrence, 13 Misc. 00376 (S.D.N.Y.)]
See also: Order to Show Cause, Application