11th Circuit Affirms Disgorgement From Man Who Violated SEC Order

(May 23, 2024, 3:06 PM EDT) -- ATLANTA — A man accused by the Securities and Exchange Commission of violating an agreement with the commission by continuing to promote penny stocks after being ordered not to will be required to pay more than $700,000 in disgorgement and penalties after a panel of the 11th Circuit U.S. Court of Appeals ruled that a Florida federal judge did not abuse his discretion when determining the amount to be disgorged....