SEC v. John Paul Waymack (2018)
Status unknown
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In September 2018 the SEC filed a subpoena enforcement action in Washington to compel Kitov Pharmaceuticals chairman John Paul Waymack to produce documents and testify for a request from the Israel Securities Authority. The filing charges no insider trading, and no outcome is recorded.
The record
| Agency | SEC |
|---|---|
| Release number | LR-24271 |
| Date filed | 2018-09-18 |
| Court | U.S. District Court, District of Columbia |
| Status | unknown |
| Asset class | equities |
| Instruments | KTOV |
| Venue | Nasdaq |
| Criminal parallel | No |
| Defendants | John Paul Waymack |
| Techniques |
What was ordered
- Civil penalty
- —
- Disgorgement
- —
- Prejudgment interest
- —
- Total relief
- —
- Alleged gain
- —
What is alleged to have happened
The SEC said it was gathering information for the Israel Securities Authority, which was investigating possible insider trading and misstatements in Kitov's disclosures. Waymack had refused to comply with a June 2017 subpoena. The action seeks an order enforcing the subpoena; it alleges no violation by Waymack, so the insider-trading tag has been removed.
Timeline
- 2018-09-18 Litigation release published
Primary documents
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