Statement on Jury's Verdict in Trial of Howard Present
Stephanie Avakian, Co-Director, Division of Enforcement
Steven Peikin, Co-Director, Division of Enforcement
Oct. 6, 2017
“We are very pleased with the jury’s verdict finding Mr. Present liable for defrauding investors,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division.
“As we proved at trial, Mr. Present perpetuated F-Squared’s admittedly false and misleading claims through statements and advertisements made to the investing public," said Steven Peikin, Co-Director of the SEC's Enforcement Division.
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The SEC filed its charges against Present in federal court in Boston on Dec. 22, 2014. After a three-and-a-half week trial, the jury deliberated for less than one day before finding Present liable on all counts.