Securities,
Civil Litigation,
Administrative/Regulatory
Oct. 18, 2018
SEC judge sentences litigation capital group, no fraud finding
Dismissing more severe fraud allegations made by Securities and Exchange Commission prosecutors, an SEC judge ruled founder Roni Dersovitz and RD Legal Capital misrepresented investments without intent or knowledge of wrongdoing, ordered over $600,000 in penalties and sentenced the founder to a six-month suspension from the securities industry.
Dismissing more severe fraud allegations made by Securities and Exchange Commission prosecutors, an SEC judge ruled founder Roni Dersovitz and RD Legal Capital misrepresented investments without intent or knowledge of wrongdoing, ordered over $600,000 in penalties and sentenced the founder to a six-month suspension from the securities industry.
The New Jersey firm, represented in the case by David K. Willingham, a Los Angeles-based...
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