Justices Won't Hear Case Over 'Eye-Popping' SEC Penalties
By Jessica Corso ( October 30, 2023, 12:23 PM EDT) -- The U.S. Supreme Court on Monday turned away an appeal brought by three individuals who said the penalties imposed against them for allegedly participating in a bond-flipping scheme were unconstitutionally excessive and who sought to challenge the U.S. Securities and Exchange Commission's authority to seek "eye-popping" fines. ...
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