United States Second Circuit

On petition to review and vacate an SEC order determining that the petitioner was subject to statutory disqualification from the securities industry, the petition for review is denied and the order of the SEC is affirmed, where: 1) there was substantial evidence supporting the SEC's factual finding that the petitioner intentionally failed to disclose tax liens on his FINRA Forms U-4 and that the liens were material; and 2) the SEC did not abuse its discretion when it determined that the petitioner's conduct constituted a willful violation of the Exchange Act's provisions relating to applications and registration.

Appellate Information

• Decided 02/14/2012
• Published 02/14/2012

Judges

• Lohier

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• Eric S. Hutner, Susan S. McDonald