Securities and Exchange Commission v. First Jersey Securities, Inc. And Robert E. Brennan

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that owner-officer who collaborated in unlawful conduct of firm may be held jointly and severally liable with firm for disgorgement of unlawful gains received
• holding that disgorgement amount should be calculated by measuring illegal profits, not the amount needed to reimburse defrauded investors
• holding that an injunction prohibiting a party from violating statutory provisions is appropriate where there is a likelihood that the violations will continue absent an injunction
• holding that owner‐officer who collaborated in unlawful conduct of firm may be held jointly and severally liable with firm for disgorgement of unlawful gains received
• noting that, under NASD rules, “a reasonable markup is generally not more than 5% over the prevailing market price”
• explaining that controlling-person liability may attach if there is proof of both a violation by the controlled person and control of the primary violator by the defendant

Source: CourtListener parenthetical corpus (CC0).