Defendant Name:
Mer Telemanagement Solutions Ltd.
Defendant Type:
Public Company
SIC Code:
5065
CUSIP:
M6967612
Document Reference:
33-10285
Document Details
Legal Case Name
In the Matter of Mer Telemanagement Solutions Ltd.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
18-Jan-2017
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On January 18, 2017 the SEC instituted a settled proceeding against Mer Telemanagement Solutions. According to the SEC: ""This proceeding concerns two materially false and misleading press releases issued on October 15, 2013 and on January 22, 2014 by MTS which operated as a fraud upon investors. MTS furnished these press releases to the Commission as attachments to its Forms 6-K and incorporated them into two Form S-8 registration statements previously filed with the Commission."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$50,000.00
Shared:
