• Home
  • About
  • Webcasts
  • ‘Enforcement 40’ for 2020
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Ankura 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2020 / December / 01 / Could Injunctions Become the SEC’s Next Headache?

Could Injunctions Become the SEC’s Next Headache?

By Securities Docket on December 1, 2020, 12:22 pm

As Will Rogers famously quipped, when you find yourself in a hole, stop digging.

The Securities and Exchange Commission recently learned this lesson the hard way in its long-running and ill-fated pursuit of New York-based stock trader Guy Gentile, who – unlike many others similarly situated – apparently had the resources, fortitude, and skilled legal representation to fight back. In October the SEC put down the shovel and abandoned its four-year-old case after a federal district court ruled, for the second time, that the case had no chance of success. Kudos to Mr. Gentile and his able counsel at the Ford O’Brien law firm for securing much-needed judicial precedent along the way that could significantly clarify the law governing SEC injunctions and perhaps even cause the agency to rethink its habitual approach to demanding them.

Source: Could Injunctions Become the SEC’s Next Headache?

Blog Widget by LinkWithin

Posted in SEC, Top | Tagged Injunctions

« Previous Next »

‘Enforcement 40’ for 2020

Ankura 260x250

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2021 Securities Docket.

Powered by WordPress and Hybrid.