United States Securities & Exchange Commission v. Svoboda

How courts have described this case

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

• stating that permanent injunctive relief is appropriate “where the fraud scheme at issue was broad in scope, long in duration, and involved a high degree of scienter”
• ordering joint and several liability where defendant “was to share equally in the proceeds of the fraudulent scheme he enabled”
• ordering joint and several liability where defendant \was to share equally in the proceeds of the fraudulent scheme he enabled\
• imposing penalties “considerably less than those requested by the SEC . . . given each defendant’s financial condition” and collecting cases
• granting prejudgment interest where the defendants’ insider trading scheme lasted for several years, implicated many issuers, and “involved numerous forms of deceptive conduct”
• declining to reduce disgorgement amount sought by the SEC because defendants failed “to demonstrate that they received less than the full amount sought to be disgorged”

Source: CourtListener parenthetical corpus (CC0).