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.
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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