Comment on R.I. Commerce Corp. agrees to pay $50K to settle SEC complaint in 38 Studios case

R.I. Commerce Corp. agrees to pay $50K to settle SEC complaint in 38 Studios case

PROVIDENCE, R.I. — The Rhode Island Commerce Corporation on Wednesday filed a motion in U.S. District Court for a final judgment in the ongoing U.S. Securities and Exchange Commission complaint against the agency in connection with the failed $75-million loan deal with Curt Schilling's 38 Studios.Without admitting or denying the SEC allegations against it, the Commerce Corporation has reached a settlement and has consented to pay $50,000, according to court [...]

 

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