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The Top SEC Settlements of 2011

By Joel Stonington - 2012-01-03T23:18:44Z

Company Symbol % Change
5 of 22

No. 17: Michael P. Watson

<p><strong>Total Settlement:</strong> $18.4 million<br /><strong>Disgorgement:</strong> $18.3 million<br /><strong>Penalty:</strong> $130,000

The <a href="http://www.sec.gov/litigation/litreleases/2011/lr21898.htm">SEC alleged</a> that Michael P. Watson ran a Ponzi scheme through his Provo (Utah) investment company, Mike Watson Capital. The Justice Dept. confirmed that no criminal charges related to the case were filed.</p>

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