SEC to amend lawsuit against billionaire Frost, Opko

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    The Securities and Exchange Commission plans to amend its civil complaint against Miami Beach billionaire Dr. Phillip Frost and Opko Health, where he is chairman and CEO.

    The new complaint would extend the timelines for the defendants to respond to the litigation.

    In September, the SEC filed a stock fraud case against Frost, Opko (NASDAQ: OPK), Barry C. Honig of Boca Raton, John Stetson of Fort Lauderdale, Michael Brauser of Lighthouse Point, John R. O’Rourke III of Fort Lauderdale, Mark Groussman of Miami Beach, Robert Ladd of Raleigh, North Carolina, Elliot Maza of New York, Brian Keller of California, John H. Ford of California, and various companies allegedly owned by these individuals.