SEC Obtains Preliminary Injunction Order against Companies Charged in Market Manipulation Scheme

The SEC announced that a federal court granted in part the SEC's motion for a preliminary injunction and continued the freeze of over $2 million in assets in two brokerage accounts whose owners were alleged to be involved in manipulating Avon stock.

See: SEC Litigation Release. Related News: SEC Freezes Profits From Scheme to Manipulate Avon Stock (with Lofchie Comment) (June 5, 2015).