Friday, December 16, 2011

Permanent ban from the SEC as a sanction

Breaking from tradition, the Securities and Exchange Commission sought sanctions in a recent case for ethics violations that were not tethered to violations of securities law.  In fact, the Commission imposed a lifetime ban on a commercial litigator whom the agency accused of violating attorney ethics rules.  Today, the BLT is reporting that the Court of Appeals for the DC Circuit unanimously upheld the commission's sanction.  Go here for more on the story.  Go here for the decision of the court.

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