January 14, 2016- Tallahassee, Florida
The Securities and Exchange Commission (SEC) announced fraud charges against 11 former board members and executives of Birmingham, Alabama- based Superior Bank, which failed in 2011. The SEC alleged that the fraud involved many of the large loans in Superior’s portfolio.
Only two of the 11 are contesting the complaint: Kenneth D. Pomeroy, former president of Superior’s central Florida region and William C. McKinnon, a former senior vice president and commercial loan officer.
Those settling, without admitting or denying the SEC charges, are:
- Charles S. Bailey
- James A. White
- Dewayne S. Maddox
- William H. Caughran
- Charles W. Roberts III
- Robert R. Parrish Jr
- Charles M. Scott Jr.
- John E. Figlewski
- George J. Hall
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, 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.
Florida-561 391 1900