SEC issues cease-and-desist order against split-cycle engine developer Scuderi Group for violations of Securities Act
Green Car Congress
JUNE 1, 2013
In PPMs dated December 21, 2007 and January 25, 2010 that Mr. Scuderi prepared, Scuderi Group said that it planned to use the net proceeds from the offerings “for general corporate purposes, including working capital.” million in Scuderi Group spending on such purposes. —SEC order (Release Nº 33-9407). million, or 4.3%
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