Articles Tagged with Westmont Illinois SEC Defense Lawyer

The Securities and Exchange Commission (SEC) has brought charges against Westmont, Illinois-based Positron Corporation (Positron), then-CEO of Positron, Patrick G. Rooney of Westmont, Illinois, and John R. Rooney, of Jupiter Florida. The SEC has charged them with orchestrating a market manipulation scheme involving the company’s stock.

The SEC’s complaint alleges that Positron, Patrick Rooney, and John Rooney made an inducement payment to a stock promoter who would purchase shares of Positron ahead of planned press releases in order to manipulate the stock by giving the appearance of market activity, thereby increasing the trading price and volume.

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