Today, the Eleventh Circuit Court of Appeals reversed in part, a district court’s decision that found the defendant guilty of securities fraud. Securities Exchange Commission v. Richard L. Goble, No. 08-cv-00829 (11th Cir. May 29, 2012). In 2008, the SEC’s attorneys alleged that Goble had engaged in a sham money market transaction to free up funds in a customer reserve account to keep his firm afloat in violation of federal securities laws and regulations.
Eleventh Circuit Reverses Trial Court In Part In SEC v. Richard L. Goble
May 30, 2012 By
