United States Ninth Circuit

SEC findings, that investment advisers and associates falsely represented that they received no referral fees and had no financial interest in any recommendations made to clients, were supported by substantial evidence.

Appellate Information

• Argued 02/05/2003
• Decided 04/24/2003
• Published 04/24/2003

Judges

• D.W. NELSON, Senior Circuit Judge., Before D.W. NELSON, WARDLAW and FISHER, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• Sheldon M. Jaffe, Los Angeles, CA, for petitioner Jerome B. Vernazza., Thomas D. Giachetti, Princeton, NJ, and Ashleigh C. Swayze, Stark & Stark, PC, Lawrenceville, NJ, for petitioners IMS/CPAs & Associates, Vernon T. Hall, and Stanley E. Hargrave.


• For Appellees:
  
• Eric Summergrad, Deputy Solicitor, and Mark Pennington, Assistant General Counsel, Securities and Exchange Commission, Washington, DC, for the respondent.