LITIGATION RELEASE NO. 17232 / November 15, 2001
SECURITIES AND EXCHANGE COMMISSION v. NEAL D. NIELSEN AND SCOTT NIELSEN, Civ. No. 01-CV-74330DT (E.D. Mich.)
On November 14, 2001, the Commission filed an application for an order to enforce investigative subpoenas served on Neal D. Nielsen and Scott Nielsen, his son. The subpoenas sought documents and testimony from both individuals relating to false and misleading messages about publicly traded companies posted on Internet investor websites. Neal D. Nielsen and Scott Nielsen have not complied with the subpoenas issued by the Commission. A hearing on the Commission's application has not yet been scheduled.