Question
The SEC brought a civil case against May, alleging violations of Section 10(b) of the Exchange Act and Rule 10b-5. May consented to settle the
The SEC brought a civil case against May, alleging violations of Section 10(b) of the Exchange Act and Rule 10b-5. May consented to settle the matter and was forced to pay a disgorgement of $437,050 and a civil penalty of $437,050. May also agreed to be permanently enjoined from future violations of the Exchange Act.
Why do believe this was a just resolution of the offense?
With references
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The resolution of the civil case against May brought by the SEC alleging violations of Section 10b of the Exchange Act and Rule 10b5 appears to be jus...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
