Defendant Name: Medallion Financial Corp.

Defendant Type: Public Company
SIC Code: 6159
CUSIP: 58392810

Document Reference: comp25297

Document Details

Legal Case Name SEC v. Medallion Financial Corp., Andrew Murstein, Lawrence Meyers, Ichabod's Cranium, Inc.
Document Name Complaint
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: "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."

Related Documents:

LR-25297 29-Dec-2021 Litigation Release
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."
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."