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Author Topic: Sherwin P. Brown et al.  (Read 1236 times)

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Sherwin P. Brown et al.
« on: May 02, 2008, 05:00:28 PM »
Sherwin P. Brown et al.
     


The Securities and Exchange Commission ("Commission") announced that on May 1, 2008, the Honorable John R. Tunheim of the United States District Court for the District of Minnesota ordered that Sherwin P. Brown ("Brown"), Jamerica Financial, Inc. ("Jamerica") be held in contempt of court for violating the terms of the Agreed Order of Preliminary Injunction and Asset Freeze. Judge Tunheim's ruling affirmed the February 14, 2008 recommendation of Magistrate Judge Franklin L. Noel who ruled that Brown and Jamerica be held in contempt by failing to provide the Commission with financial records and other records relating to the customer accounts of Jamerica. Judge Tunheim ordered that Brown and Jamerica immediately make all their books and records available to the Commission for inspection.
     

http://www.sec.gov/litigation/litreleases/2008/lr20553.htm
     
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