The New York Eastern District Court has entered a final judgment against Marc Wexler, enjoining him from violating certain provisions of the federal securities laws.
According to the SEC’s complaint, starting in 2013, Wexler was involved in a scheme to manipulate the price of the securities of CodeSmart Holdings, Inc. (CodeSmart). The SEC alleged that Wexler and others sought to flood the market with CodeSmart shares and engaged in a promotional campaign to artificially inflate the price of the stock.
The SEC further alleged that Wexler personally dumped his CodeSmart shares on the market while working with two brokers who were at the same time purchasing CodeSmart stock in the accounts of their clients.
In connection with this scheme, Wexler allegedly profited over $2 million.
The SEC’s complaint…
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