Securities & Exchange Commission v. Druffner

How courts have described this case

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

• finding civil penalties not warranted where defendant’s total assets worth less than $30,000 and defendant had an annual salary of about $30,000
• “[C]ourts have considered a defendant’s ability to pay when determining the amount of civil penalties to impose or whether to waive civil penalties.”
• the record evidence, “combined with the defendant’s invocation of his Fifth Amendment privilege, leads the Court to the conclusion that the defendant violated the statutes in question and summary judgment is, therefore, appropriate”
• permanent injunction in case of a pattern of flagrant and deliberate violations as part of which the defendant, “motivated by the prospect of financial gain, engaged in fraudulent activities over an extended period of time”
• ability to pay cannot be considered

Source: CourtListener parenthetical corpus (CC0).