Supreme Court Denies Certiorari To Unregistered Brokers Fighting SEC Penalties

(October 30, 2023, 2:01 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Oct. 30 denied a petition for a writ of certiorari filed by three municipal bond traders who were found to be unregistered brokers, refusing to review whether civil penalties leveled by the Securities and Exchange Commission “vastly exceed[ed] the ostensible statutory caps set by Congress.”...