1st Circ. Affirms Ruling Against Prudential Broker

Law360, New York (January 7, 2009, 12:00 AM EST) -- A federal appellate court has issued a mandate affirming a summary judgment for the U.S. Securities and Exchange Commission in its case against a former Prudential Securities Inc. broker over an alleged market-timing scheme.

The SEC announced the mandate in the case of Justin Ficken on Tuesday. The U.S. Court of Appeals for the First Circuit issued the ruling Dec.15 following an Oct. 20 decision.

The final judgment that the appellate court affirmed enjoins Ficken from violating securities laws and orders him to pay disgorgement of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.