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Robert Benou & Son Marc Benou Charged With Violating Securities Laws by SEC

Robert Benou & Son Marc Benou Charged With Violating Securities Laws by SEC

Robert Benou & Son Marc Benou Charged With Violating Securities Laws by SEC 150 150 Rex Securities Law

November 21, 2014

The SEC announced that charges were filed against Robert Benou and his son Marc Benou for violating securities laws by issuing false and misleading press releases while secretly selling thousands of shares of their own stock in Conolog Corporation. They agreed to pay about $325,000 and accept officer and director bars to resolve the SEC charges.

“Information released by a company into the marketplace must be truthful and substantiated so investors can make well-informed trading decisions,” said Andrew M. Calamari, Director of the SEC’s New York Regional Office.  “The Benous caused Conolog Corporation to issue press releases with false and misleading information that was used to promote the stock to unwitting investors.”

Rex Securities Law , located in Boca Raton, FL, provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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