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'New Facts' Improper In Penny Stock Action, 2nd Circ. Told

By Brian Steele ( February 14, 2025, 6:17 PM EST) -- A Connecticut federal judge violated controlling case law and the constitutional rights of a penny stock CEO when imposing a judgment in a U. S. Securities & Exchange Commission enforcement action, defense counsel told the Second Circuit, arguing that the SEC admitted post-trial that it could not find any victims of the allegedly false public statements at issue. . . .

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