13:00:47 EDT Thu 28 Oct 2021
Enter Symbol
or Name

Login ID:

SEC bans Tobin associate DiChiara for five years

2021-09-22 20:37 ET - Street Wire

Also Street Wire (U-EPTI) Environmental Packaging Technologies Inc

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

The U.S. Securities and Exchange Commission has banned New York lawyer Peter DiChiara, one of those accused of participating in a pump-and-dump run by former Toronto broker Morrie Tobin. The SEC claimed that Mr. DiChiara helped Mr. Tobin conceal his holdings in Environmental Packaging Technologies Inc., an OTC Markets listing that went to $2.25 in 2017. (All figures are in U.S. dollars.) The SEC and prosecutors in Boston separately accused Mr. Tobin of unloading $1.5-million worth of shares in that company in the midst of a paid promotion.

The ban for Mr. DiChiara is contained in an administrative order handed down on Tuesday, Sept. 21, and in a court order dated Sept. 1, 2021. The SEC has barred Mr. DiChiara from penny stocks for five years and from practising as a lawyer before the SEC for three years. Mr. DiChiara must also pay $57,167, with the amount including disgorgement of money he received in legal fees. The sanctions are part of a negotiated settlement, in which Mr. DiChiara did not admit any wrongdoing.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2021 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.