High Court Declines Review Of Civil Penalty Award In SEC Enforcement Action

Mealey's (June 8, 2020, 1:37 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on June 8 declined to review a Seventh Circuit U.S. Court of Appeals panel’s ruling in affirming a trial court’s award of a civil penalty in a Securities and Exchange Commission enforcement action that amounted to two times avoided losses (Gary S. Williky v. Securities and Exchange Commission, No. 19-997, U.S. Sup.)....