In recent remarks at the Securities Enforcement Forum, SEC Chair Gary Gensler highlighted the pivotal role that enforcement plays in achieving the SEC's overall mission.
Where two defendants have moved for a stay of a five-year injunction included within a U.S. District Court final judgment, the motion should be denied because the defendants have failed to demonstrate a likelihood of success on appeal. “Defendants Gregory Lemelson (‘Lemelson’) and Lemelson Capital Management, LP (‘LCM’) move to stay the five-year injunction included
<p><span>Jurors in Boston federal court today returned a verdict in the Securities Exchange Commission’s favor against a hedge fund adviser and his investment advisory firm. </span></p>