Daily Archives: February 11, 2014, 8:55 am

SEC targets Sam Wyly in pursuit of admissions of wrongdoing — Reuters

The U.S. Securities and Exchange Commission has demanded an admission of wrongdoing from Texas investor Samuel Wyly, as part of an ongoing policy shift from allowing defendants to settle lawsuits without acknowledging the charges against them. Details of the settlement talks with Wyly emerged at a federal court hearing in New York last week, when SEC lawyer Gregory Miller told…

Read More