Split 11th Circuit Panel Reverses Ban On Man’s Involvement In Penny-Stock Options

( February 15, 2024, 2:24 PM EST) -- ATLANTA — A federal judge in Florida correctly determined that a man was an unregistered dealer of securities and correctly ordered disgorgement against him and the company he ran in a dispute brought by the Securities and Exchange Commission, but abused discretion by banning him from participating in penny-stock offerings, a partially split panel of judges in the 11th Circuit U.S. Court of Appeals ruled Feb. 14....