Litigation Release No. 21180 / August 19, 2009

SEC v. Daniel M. Kantrowitz, Case No. 09-61272-CIV-Cooke (S.D. Fla., filed August 17, 2009)

On August 17, 2009, the Securities and Exchange Commission commenced proceedings to collect disgorgement, prejudgment interest and a penalty previously ordered in a settled public Commission administrative and cease-and-desist proceeding against Daniel M. Kantrowitz. The complaint, filed pursuant to Section 21(e) of the Securities Exchange Act of 1934, seeks a federal court order compelling Kantrowitz to pay $217,000 in disgorgement plus prejudgment interest of $3,996.41, and a civil penalty of $50,000 owed by him under the Commission's Order. The complaint charges that Kantrowitz failed to comply with the terms of the Commission's Order imposing remedial sanctions issued In the Matter of Daniel M. Kantrowitz, Administrative Proceeding File No. 3-13099 issued on April 10, 2009.

SEC Complaint in this matter