Judge Extends Insurance Fraud Scheduling Deadlines As SEC Says Settlement Reached

Mealey's (January 26, 2022, 8:13 AM EST) -- NEW YORK — A federal judge in New York on Jan. 5 granted the Securities and Exchange Commission’s request to extend the deadline for a proposed schedule in a lawsuit alleging that two individuals “perpetrated multiple schemes to defraud their advisory clients, which were insurance companies and reinsurance trusts” until March 31 unless the SEC is able to fully resolve the case before that date....