The Securities and Exchange Commission barred a New York-based attorney from appearing or practicing before it and acting as an officer or director of a public company after finding that he made false and misleading statements in corporate filings.
Pursuant to Section 4C of the Securities Exchange Act of 1934 provides “The Commission may censure any person, or deny, temporarily or permanently, to any person the privilege of appearing or practicing before the Commission in any way, if that person is found … (1) not to possess the requisite qualifications to represent others; (2) to be lacking in character or
integrity, or to have engaged in unethical or improper professional conduct; or (3) to have willfully violated, or willfully aided and abetted the violation of, any provision of the securities laws or the rules and regulations thereunder.
Rule 102(e)(1)(ii) and 102(e)(1)(iii)of the Commission’s Rules of Practice, the SEC “may . . . deny, temporarily or permanently, the privilege of appearing or practicing before it . . . to any person who is found . . . to have engaged in unethical or improper professional conduct.”
Read the whole story at The Securities Law Blog