June 11, 2015
Charles Raymond Langston III, CRL Management, LLC, Guarantee Reinsurance, Ltd.
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.
- Key Docs
- Official SEC press release