Summary
The SEC is "attempting to impose a Draconian penalty on an admittedly innocent person," the filing states. According to the motion, the Commission's interpretation of the statute in this case "departs starkly" from the SEC's own repeated interpretation and application of the statute and "stretches section 304 well beyond its boundaries."
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News Briefs
Compliance Week publishes a blog of the latest moves and news from the Securities and Exchange Commission and other regulatory agencies. Below is a recap of recent coverage. To see the blog online, view primary source documents mentioned here, and participate in discussion, please visit www.complianceweek.com/blog/aguilar.
More Big Plans for XBRL, Now for Corporate ActionsEfforts to improve the processing of corporate actions data in the U.S. by tagging those actions using XBRL are under way, with the creation of a stakeholder group to represent the ...See the full content of this document
(Copyright 2011)
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