Defendant Name:
Investools Inc.
Defendant Type:
Public Company
Document Reference:
LR-21331
Document Details
Legal Case Name
SEC v. Investools Inc., Michael J. Drew, and Eben D. Miller
Document Name
SEC Charges Investools Inc. and Two Former Employees with Securities Law Violations for Misrepresentations at Investor Workshops
Document Date
10-Dec-2009
Document Format
Civil Proceeding
Case Number
09-cv-02343
Federal District Court
District of Columbia, District of Columbia
Allegation Type
Securities Offering
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Injunction
Enjoinment
Other Defendants in Action:
