U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 17359 / February 11, 2002
SECURITIES AND EXCHANGE COMMISSION v. SAMER EL BIZRI, CONRAD P. SEGHERS, JAMES DICKEY, INTEGRAL HEDGING LP, INTEGRAL ARBITRAGE LP, AND INTEGRAL EQUITY LP (Case No. CV 02-01251 MMM (FMOx))
On February 8, 2002, the Commission filed an application with the United States District Court for the Central District of California for an order to enforce investigative subpoenas served on Samer El Bizri, Conrad P. Seghers, James Dickey, and three funds, Integral Hedging LP, Integral Arbitrage LP, and Integral Equity LP. The subpoenas sought documents and testimony from them regarding, among other things, whether they offered and sold unregistered securities and made materially false and misleading statements or omitted to state material facts concerning the use of investor proceeds and the funds' rates of return.
The Commission's application alleges that Samer El Bizri, Conrad P. Seghers, James Dickey, Integral Hedging LP, Integral Arbitrage LP, and Integral Equity LP have not fully complied with the subpoenas issued by the Commission. In its application, the Commission argues, among other things, that these individuals and entities have no valid justification for their failure to comply. A hearing on the Commission's application has not yet been scheduled.