United States Third Circuit
Sec. & Exch. Comm'n v. J.W. Barclay & Co., Inc., 04-3536
The Securities Exchange Act of 1934 provides for a control person-s joint and several liability to the SEC for a debt in the amount of an unpaid SEC penalty when that control person induced and was a culpable participant in the controlled person-s failure to pay the penalty.
Appellate Information
- Argued 12/14/2005
- Decided 04/05/2006
- Published 04/05/2006
Judges
- Before SMITH, BECKER, and GREENBERG, Circuit Judges.
Court
- United States Third Circuit
Counsel
- For Appellant:
- John A. Bruno, Sea Bright, NJ, Appellant, pro se., Edward M. Posner (Argued), Drinker, Biddle & Reath, Philadelphia, PA, Amicus curiae.
- For Appellees:
- Mark R. Pennington (Argued), Angel Yang, Securities and Exchange Commission, Washington, DC, for appellee.