2nd Circuit Affirms Penalties Against Trader In SEC Enforcement Action

(June 5, 2024, 11:22 AM EDT) -- NEW YORK — A federal judge in New York did not abuse discretion when imposing a penalty of more than $10 million against a man the Securities and Exchange Commission accused of using multiple brokerage accounts to manipulate stock prices, a panel the Second Circuit U.S. Court of Appeals found, saying the record shows that the man acted manipulatively and deliberately....