Tag Archives: SEC

Did a Psychic Fail to Foresee Suit Against Himself?

Sean David Morton, a self-proclaimed psychic, has been sued by the Securities and Exchange Commission (SEC) for misleading investors. Morton solicited investors through his own website and a newsletter. All told, Morton acquired approximately $6 million dollars from investors, promising…

Securities and Exchange Commission to Reorganize

The Securities and Exchange Commission (SEC) is trying to toughen up after the Bernie Madoff scandal. The SEC will reorganize many divisions in an attempt to react faster and crack down on individuals seeking to violate Federal regulations. The SEC…