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U.S. Securities and Exchange Commission

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 19109 / March 2, 2005

SECURITIES AND EXCHANGE COMMISSION V. LINDA ENSOR, et al., 4:04-CV-1320 (CEJ) (E.D.M.O)

SEC SETTLES INSIDER TRADING CHARGES WITH FORMER EXECUTIVE ASSISTANT OF TALX CORPORATION

The Securities and Exchange Commission announced today that a final judgment has been entered against Linda Ensor of St. Louis, Missouri and her husband, Stephen Ensor, also of St. Louis, in a settlement of charges that they traded on inside information in the securities of TALX Corporation, a St. Louis-based technology company. Pursuant to the final judgment, which was entered pursuant to the consent of the Ensors whereby they neither admitted nor denied the allegations of the Commission's Complaint, the Ensors are permanently enjoined from further violating the insider trading prohibitions of the federal securities laws and required to pay $17,953 in disgorgement, $1,828 in prejudgment interest and a civil penalty of $17,953.

The Commission filed this matter on September 28, 2004, alleging in its Complaint that the Ensors illegally sold TALX shares in advance of a negative press release issued by the company after the close of trading on November 14, 2002. Linda Ensor, a former executive assistant at TALX Corporation, learned of the contents of the press release on the morning of November 14, 2002. Later that day, the Ensors sold TALX stock on the basis of this information before the press release was issued. The illegal sales generated total proceeds of $70,298 and enabled the Ensors to avoid the effects of a subsequent decline in TALX's stock price.

The Ensors were enjoined from further violating Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. 78j(b), and Rule 10b-5 thereunder, 17 C.F.R. 240.10b-5.

For further information, please see Litigation Release No. 18902 (September 28, 2004).


http://www.sec.gov/litigation/litreleases/lr19109.htm


Modified: 03/02/2005