DC Circ. Partially Remands Barred Broker's Appeal To SEC

Law360, New York (October 13, 2017, 5:38 PM EDT) -- The D.C. Circuit on Friday partially remanded a former Penn Mutual Life Insurance Co. broker-dealer’s appeal of a lifetime ban by the Financial Industry Regulatory Authority for filing false expense reports, asking the U.S. Securities and Exchange Commission to consider whether the punishment was excessive.

Former Penn Mutual executive John Saad sought to overturn FINRA’s ban for violating the self-regulatory body’s rules, which was upheld by the SEC, on grounds that the SEC failed to consider mitigating including the fact that he was already terminated in...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

John Saad v. SEC


Case Number

15-1430

Court

Appellate - DC Circuit

Nature of Suit

Date Filed

November 23, 2015

Law Firms

Companies

Government Agencies

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.