SEC
Whistleblower
Advocates

June 11, 2015

Charles Raymond Langston III, CRL Management, LLC, Guarantee Reinsurance, Ltd.

Market Manipulation

SANCTION AMOUNT: $1,563,901

Defendants: CRL Management, LLC, Guarantee Reinsurance, Ltd.
Charles Raymond Langston III

Settlement for alleged violations of Rule 105 of federal securities laws, which prohibits short selling an equity security during a restricted period in advance of a public offering and then purchasing the security in the offering. The Commission alleged that the individual defendant, through his two companies, made short sales in advance of secondary offerings by Wells Fargo, Mitsubishi UFJ Financial Group, and Alcoa, and purchased shares in the offerings.

Thank you for submitting some email to us.