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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!
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From: ravenseye11/6/2007 9:55:36 PM
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SEC Fines New Jersey Hedge Fund For Illegal PIPE Trading November 6, 2007
The Securities and Exchange Commission has reached a settlement with New Jersey-based hedge fund TCMP3 Partners and portfolio managers Walter Schenker and Steven Slawson in connection with 26 illegal unregistered securities offerings or private investment in public equities.

From mid-2003 through 2004, Schenker and Slawson allegedly locked-in approximately $887,000 in ill-gotten gains from illegal PIPEs trades. Typically, after agreeing to invest in a PIPE transaction, Schenker and Slawson, on behalf of TCMP3, sold short the issuer's stock. Later, once the Commission declared the resale registration statement effective, they used the PIPE shares to close out the short positions....
finalternatives.com
...without admitting or denying the allegations in the complaint, have agreed to pay a total of $1,1 million in disgorgement, prejudgment interest, and civil penalties.
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