United States DC Circuit

Finding that one appellant violated sections 203(f), 206(1), and 206(2) of the Investment Advisers Act of 1940 and that other appellant aided and abetted those violations, entry of injunction and imposition of penalties are affirmed as to the violations, however case is remanded for a narrower injunction. Objection to penalties was forfeited.

Appellate Information

• Argued 10/16/2006
• Decided 02/06/2007
• Published 02/06/2007

Judges

• Before:  GINSBURG, Chief Judge, and TATEL and BROWN, Circuit Judges.

Court

• United States DC Circuit

Counsel

• For Appellant:
  
• Russell G. Ryan argued the cause for appellants.   With him on the briefs was Bradley H. Cohen.


• For Appellees:
  
• Mark R. Pennington, Assistant General Counsel, Securities & Exchange Commission, argued the cause for appellee.   With him on the brief were Brian G. Cartwright, General Counsel, and Jacob H. Stillman, Solicitor.