SEC v. John M. Fife

John M. Fife, et al.: The Securities and Exchange Commission filed joint stipulations with the defendants in this case to dismiss, with prejudice, the ongoing civil enforcement action against them. The Commission’s decision to exercise its discretion and dismiss this pending enforcement action rests on its judgment that the dismissal is appropriate as a policy matter, not on any assessment of the merits of the claims alleged in the action. Furthermore, as stated in each of the joint stipulations, the Commission’s decision to seek dismissal of the action "does not necessarily reflect the Commission’s position on any other case."

Summary generated from official Securities and Exchange Commission press release