SEC: 11th Circuit Correctly Applied High Court Standard In Enforcement Action

(September 12, 2019, 6:51 PM EDT) -- WASHINGTON, D.C. — U.S. Supreme Court review of an 11th Circuit U.S. Court of Appeals ruling in a Securities and Exchange Commission enforcement action against a broker is not warranted because the federal appellate court correctly applied the Supreme Court’s ruling in Unitherm Food Systems Inc. v. Swift-Eckrich to find that it lacked authority to consider the broker’s challenge of a jury finding that he issued certain misrepresentations in violation of federal securities laws, the SEC argues in an Aug. 23 opposition brief filed in the Supreme Court (Christopher Hall v. U.S. Securities and Exchange Commission, No. 18-1471, U.S. Sup.)....