Night Of The Living SEC Injunction

Law360 (October 30, 2019, 4:30 PM EDT) -- Just in time for Halloween, a decision by the U.S. Court of Appeals for the Third Circuit raises the specter that conduct once considered time-barred can return from the dead to haunt defendants in the securities industry.

The case, U.S. Securities and Exchange Commission v. Gentile, further deepens a circuit split that could mean the U.S. Supreme Court will step in to decide whether the SEC may seek injunctions over conduct that occurred long ago.[1]

Conduct from 2008 faces consequences in 2016.

The FBI busted Guy Gentile in 2012 for two alleged pump-and-dump schemes, which he had stopped participating in by 2008....

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