SEC v. Metcalf, Civil Action No. 11 Civ 0493 (S.D.N.Y. Filed Jan. 24, 2011) is an action against Christopher Metalf, Bonzidar Vukovich and Pantera Petroleum, Inc. alleging violations of Securities Act Section 17(a) and Exchange Act Section 10(b). The complaint claims that Mr. Metcalf, the president and CEO of Pantera, and Mr. Vukovich engaged in a scheme to manipulate the price of Pantera shares. Specifically, the Commission alleged that in March and August 2008 defendant Vukovich provided detailed instructions to a person identified only as Individual A to purchase blocks of Pantera stock using matched trades. Individual A, and the registered representatives he supposedly represented, claimed to have discretion over the accounts of wealthy individuals. The individual defendants promised Individual A a 30% kickback on the transactions. The case is in litigation.