finding conduct egregious where defendant "accomplished the manipulation by buying and having other market makers buy" shares
Summary of this case from S.E.C. v. SargentNo. 95-6407.
May 29, 1996.
Appeal from S.D.N.Y., 906 F.Supp. 939
Decisions Without Published Opinions Affirmed
finding conduct egregious where defendant "accomplished the manipulation by buying and having other market makers buy" shares
Summary of this case from S.E.C. v. SargentFull title:S.E.C. v. Militano
Court:United States Court of Appeals, Second Circuit
Date published: May 29, 1996
Evaluating each factor articulated in Sargent, first, I conclude that the violation here was not egregious.…
S.E.C. v. SargentAs the SEC admits, Shepard's violation was not an egregious one, particularly where he neither traded on the…