SEC Penalty Valid Even If Party Can't Pay: 11th Circ.
By Denise Oliveira ( July 16, 2008, 12:00 AM EDT) -- A federal appeals court has affirmed that the defendants must pay over $8.4 million in a case filed by the U.S. Securities and Exchange Commission that accuses the president of Exo-Brain Inc. of selling unregistered securities and representing to investors that he was developing voice-recognition computer technology....
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