On June 21, 2016, the SEC announced that the failure of a defendant in an SEC enforcement action to live up to an agreement to “cooperate fully and truthfully” had resulted in that defendant’s penalty being increased from $2,533 to a staggering $980,229. And it could have been worse! The SEC had asked the court to increase the defendant’s penalty to over $2.9 million.
‘Enforcement 40’ for 2020
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