Statement On Jury's Verdict In Trial Of Howard Present - Stephanie Avakian, Co-Director, Division Of Enforcement, Steven Peikin, Co-Director, Division Of Enforcement

“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.