Defendant Name: Investools Inc.

Defendant Type: Public Company

Document Reference: court_doc2_09-cv-02343

Document Details

Legal Case Name SEC v. Investools Inc., Michael J. Drew, and Eben D. Miller
Document Name Final Judgment as to Defendant Investools Inc.
Document Date 15-Dec-2009
Document Format Civil Proceeding
Case Number 09-cv-02343
Federal District Court District of Columbia, District of Columbia
Federal District Judge Paul L. Friedman
Allegation Type Securities Offering
Document Summary On December 15, 2009, Judge Paul L. Friedman entered final judgment against Investools Inc. pursuant to the consent of Investools Inc.

Disgorgement & Penalty Information

Resolutions
Enjoinment
Various undertakings
Monetary Penalties:

Civil Penalty

Individual:     $3,000,000.00 Shared:    

Related Documents:

comp21331 10-Dec-2009 Complaint
Complaint
On December 10, the SEC filed a complaint against Investools Inc., Michael J. Drew, and Eben D. Miller. According to the SEC: "This case involves a fraud in the investor seminar industry from 2004 to approximately June 2007."
LR-21331 10-Dec-2009 Litigation Release
SEC Charges Investools Inc. and Two Former Employees with Securities Law Violations for Misrepresentations at Investor Workshops
On December 10, 2009, the SEC published a litigation release announcing that it filed a settled complaints against Investools Inc. and two former employees. According to the SEC: "from 2004 to approximately June 2007 at Investools how-to-trade-securities workshops former Investools employees Drew and Miller misleadingly portrayed themselves as expert investors who made their living trading securities. They did so to mislead investors into believing that they too would make extraordinary profits trading securities if they purchased expensive Investools instructional courses and other products and followed Investools' securities trading strategies."

Other Defendants in Action:

Michael J. Drew
Eben D. Miller