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Article: COURT PERMANENTLY ENJOINS SMART ONLINE IN BROKER-BRIBERY SCHEME
- Article from:
- US Fed News Service, Including US State News
- Article date:
- October 9, 2007
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The Securities and Exchange Commission issued the following litigation release:
On October 2, 2007, the United States District Court for the Southern District of New York entered a consent judgment against defendant Smart Online, Inc. ("Smart Online") in an action filed last month by the Securities and Exchange Commission. Without admitting or denying the allegations of the Commission's complaint, Smart Online consented to the entry of a judgment by the Honorable P. Kevin Castel permanently enjoining Smart Online from further violations of the antifraud provisions of the federal securities laws, specifically Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated ...