Operators Of Bond Scheme Ordered To Pay $813,000 Disgorgement, Civil Penalties

Mealey's (September 19, 2019, 2:06 PM EDT) -- AUSTIN, Texas — A federal judge in Texas on Sept. 17 ordered the operators of a “death put” bond investment scheme to pay nearly $813,000 in disgorgement, prejudgment interest and civil penalties to the Securities and Exchange Commission after the SEC and the defendants agreed to settle all federal securities law claims brought in the action (Securities and Exchange Commission v. Jay Daniel Seinfeld, et al, No. 19-910, W.D. Texas)....