High Court Won’t Review 3rd Circuit Injunction Ruling In Penny Stock Suit

Mealey's (April 21, 2020, 2:02 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on April 20 declined review of a Third Circuit U.S. Court of Appeals’ ruling that injunctions under Sections 21(d)(1) and (6) of the Securities Exchange Act are not penalties governed by a provision of the U.S. Code (Guy Gentile v. Securities and Exchange Commission, No. 19-878, U.S. Sup.)....