USA: Administrative Proceedings against William Carson Arnold
Posted by nileshkokane on 13 August, 2010
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This item was filled under [ Financial Regulators, USA ]
On Aug. 11, 2010, the Securities and Exchange Commission issued an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions (Order) against William Carson Arnold. The Order further finds that the Commission’s complaint in the civil action alleged that Arnold and others participated in fraudulent securities offerings, which were not registered with the Commission as required under the law, through which Giant Operating, LLC raised at least $16.6 million from at least 150 investors throughout the United States.
The complete article can be found at the Securities and Exchange Commission.
