DC Circ. Wants 2nd Look At Penn Mutual Exec's Industry Ban

Law360, Los Angeles (June 11, 2013, 4:41 PM EDT) -- The D.C. Circuit on Tuesday remanded a decision barring a former Penn Mutual Life Insurance Co. executive from working with firms regulated by the Financial Industry Regulatory Authority for life after he submitted false expense reports, finding the U.S. Securities and Exchange Commission had failed to consider mitigating factors, such as the fact he had already been fired.

FINRA hit former Penn Mutual regional director John M.E. Saad with the lifelong disciplinary action after he was charged with violating FINRA rules by submitting false expense reports...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.