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Supreme Court rules against Watkins

Mississippi Secretary of State Englebert Hosemann issued the following press release:


Ruling Against Watkins and Watkins Development in Securities Fraud Case

“The Secretary of State’s Office has the statutory authority to protect Mississippians’ investments by enforcing our State’s securities laws. The Mississippi Supreme Court has affirmed unanimously our 2014 determination of securities fraud in this case as did the Hinds County Chancery Court and the Mississippi Court of Appeals.”

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Case Background

The Mississippi Supreme Court on Thursday, March 2, 2017, upheld a 2014 final order by the Secretary of State finding David Watkins and Watkins Development in violation of Mississippi Code Section 75-71-501, Article 5 Fraud and Liabilities of the Mississippi Securities Act of 2009. The full text of the decision is accessible here:
https://courts.ms.gov/Images/Opinions/CO119855.pdf.



Jackson Jambalaya
3/4/17

Posted March 6, 2017 - 3:16 am

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