Defendant Name: Medallion Financial Corp.

Defendant Type: Public Company

Document Reference: LR-25297

Document Details

Legal Case Name SEC v. Medallion Financial Corp., Andrew Murstein, Lawrence Meyers, and Ichabod's Cranium Inc.
Document Name SEC Charges Financial Company and Its President with Engaging in Fraudulent Schemes to Boost Stock Price
Document Date 29-Dec-2021
Document Format Civil Proceeding
Case Number 21-cv-11125
Federal District Court New York, Southern District of New York
Allegation Type Issuer Reporting and Disclosure
Document Summary The SEC stated that: "[It] charged Medallion Financial Corp., a Delaware company headquartered in New York, NY, and its President and Chief Operating Officer, Andrew Murstein of New York, NY, with illegally engaging in two schemes in an effort to reverse the company's plummeting stock price."

Related Documents:

comp25297 29-Dec-2021 Complaint
Complaint
The SEC stated: "From late 2014 through 2017, Murstein--Medallion Financial's President and Chief Operating Officer--perpetuated two fraudulent schemes intended to boost Medallion Financial's sinking stock price."
2021-269 29-Dec-2021 Press Release--Civil Action
SEC Charges Financial Company and Its President with Engaging in Fraudulent Schemes to Boost Stock Price
The SEC stated that: "[It] charged Medallion Financial Corp., a Delaware company headquartered in New York, NY, and its President and Chief Operating Officer, Andrew Murstein of New York, NY, with illegally engaging in two schemes in an effort to reverse the company’s plummeting stock price."
court_doc46_21-cv-11125 26-Apr-2022 Complaint
Amended Compliant
The Commission stated: "From late 2014 through 2017, Murstein - Medallion Financial's President and Chief Operating Officer - perpetrated two fraudulent schemes intended to boost Medallion Financial's sinking stock price."