Try digitalPLUS for 10 days for only $0.99
Topics

Trials and Arbitration

SEC blocks registration of Owings Mills companies tied to man under federal indictment

SEC blocks registration of Owings Mills companies tied to man under federal indictment

The U.S. Securities and Exchange Commission on Tuesday blocked four companies from Owings Mills from registering to sell stock, saying they failed to disclose pending criminal charges against a person involved with the companies. The SEC alleged that Mark Johnson had a controlling interest in the four companies, each of which sought to register and offer 2 million shares of stock for sale. Johnson, who was charged in federal court in Pennsylvania in 2008 in an alleged scheme to manipulate the penny stock of companies he controlled, was required to disclose that information when registering the four companies, the SEC said. Johnson did not return a request for comment. Court records...

Loading

75°