Radio Host Can't Block SEC Administrative Proceeding

Law360, Washington (January 31, 2014, 7:02 PM EST) -- A Washington federal judge declined Friday to halt a U.S. Securities and Exchange Commission administrative proceeding claiming a conservative radio host and hedge fund manager inflated the value of two of his funds, rejecting the host’s claims of due process violations.

In denying a motion for a temporary restraining order, U.S. District Judge Beryl A. Howell rejected what she called the “extraordinary” relief sought by George Jarkesy Jr. and his brokerage firm, Patriot 28 LLC.

Jarkesy had claimed that a December SEC order issued in a...
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