Posts tagged Free Enterprise decision.
Atlanta federal Judge Leigh Martin May enjoined the SEC from proceeding in yet another administrative enforcement action Tuesday. Ironridge Global IV, Ltd. v. SEC, No. 1:15-CV-2512 (USDC NDGA Nov. 17, 2015). SEC ALJ Grimes had refused to dismiss or stay the administrative proceeding and that hearing was scheduled to commence December 7. The SEC charged Ironridge last June under the '34 Act for allegedly operating as an unregistered broker-dealer by its provision of "Liability for Equity" transactions with 28 microcap issuers. The OIP is here. As before, the Court held it had ...
Posted in: Eleventh Circuit Court of Appeals, SEC
Tags: Atlanta, Atlanta Georgia, burr forman, Free Enterprise decision, Judge Leigh Martin May, Liability for Equity, NDGA, SEC, SEC Admin Proceeding, Securities and Exchange Commission, securities litigation, Securities Litigation & Arbitration