SEC Sanction Barring Attorney Affirmed By DC Circ.

Law360, New York (December 16, 2011, 5:13 PM EST) -- The D.C. Circuit denied a petition Friday by a New York attorney protesting a sanction barring him from practicing before the U.S. Securities and Exchange Commission for egregious, intentional professional misconduct, saying the ban was within the SEC's authority to make.

The court said the SEC's authority to define what represents improper and unethical conduct was permissible and that the SEC was entitled to rely on Steven Altman's knowledge of and duty to adhere to New York Bar disciplinary rules, which he allegedly broke by offering...
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