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Article: SEC Sues Value Line Inc. and Two Senior Officers for $24 Million Fraudulent Scheme.
- Article from:
- M2 Presswire
- Article date:
- November 5, 2009
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M2 PRESSWIRE-5 November 2009-US SEC: SEC Sues Value Line Inc. and Two Senior Officers for $24 Million Fraudulent Scheme(C)1994-2009 M2 COMMUNICATIONS
RDATE:04112009
Washington, D.C., -- The Securities and Exchange Commission today charged New York City-based investment adviser Value Line Inc., its CEO, its former Chief Compliance Officer and its affiliated broker-dealer with defrauding the Value Line family of mutual funds by charging over $24 million in bogus brokerage commissions on mutual fund trades funneled through Value Line's affiliated broker-dealer, Value Line Securities, Inc. (VLS).
Value Line, its CEO Jean Buttner, its former Chief ...
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