Judge Stays SEC’s Case Over Schemes To Defraud Insurers, Reinsurance Trusts

Mealey's (June 13, 2019, 12:17 PM EDT) -- NEW YORK — A New York federal judge on June 10 stayed a lawsuit by the Securities and Exchange Commission that alleges that two individuals “perpetrated multiple schemes to defraud their advisory clients, which were insurance companies and reinsurance trusts” (Securities and Exchange Commission v. Alexander C. Burns, et al., No. 18-09477, S.D. N.Y.)....