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From Bad to Worse -- and Finally to Prison -- for Apple Day-Trader Sued by SEC

Bruce Carton | January 14, 2016

I always try to warn people not to get themselves thrown in prison by obstructing justice in SEC investigations. No really, I do! As I have said here many times in one form or another,

"SEC enforcement actions are civil matters, meaning no matter how badly a defendant may lose the case he or she isn't going to prison. However, there is a one easy way to parlay this situation into jail time, and that is by perjuring yourself in sworn testimony or, similarly, by obstructing justice by making false statements to the SEC during its investigation."


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