Posted On: 02/16/2013 6:41:31 PM
Post# of 43064
No permanent bar = no fraud found.
"The SEC takes the view that where an officer or director engaged in the fraudulent conduct involving a publicly held company, that person should not be put in the same position again...in practice the SEC views any officer or director of a public company that is directly, or sometimes only tangentially, involved in the alleged fraudulent conduct, as the type of conduct that routinely authorizes it to seek a permanent bar "
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