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SEC Seeks Arrest Warrant for Man Who Failed to Pay Fine

Bruce Carton | November 16, 2010

I wrote last month that "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." The one notable exception to this, I noted, is people who manage to get themselves charged criminally by perjuring themselves in sworn testimony or, similarly, by obstructing justice by making false statements to the SEC during its investigation.

A development this week in the SEC's case against Daryn Fleming, however, reminds me that there is at least one other way to turn an SEC case into a potential arrest. On April 14, 2009, U.S. District Judge Robert H. Whaley (D. Wash.)...

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