SEC Obtains Emergency Asset Freeze, Charges California Trader with Posting False Stock Tweets
Washington D.C., March 15, 2021 —
The Securities and Exchange Commission today announced fraud charges and an asset freeze and other emergency relief against an Irvine, California-based trader who used social media to spread false information about a defunct company, while secretly profiting by selling his own holdings of the company’s stock.
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Thomas H. Burt is a partner at Wolf Haldenstein. He graduated from New York University School of Law in (J.D. 1997) and American University magna cum laude (B.A. 1993). His practice areas include: U.S. Securities Litigation, Derivative Litigation, Antitrust, Whistleblowers, Unfair & Deceptive Practices, and False Claims Act. His bar admissions are: State of New York, United States District Courts for the Southern and Eastern Districts of New York, and District of Michigan.
Wolf Haldenstein Adler Freeman & Herz LLP