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Stupid question about this line on p.11: > Respondent Athena cease and desist from committing or causing any violations and any future violations of Section 10
by conistonwater 12y ago
Stupid question about this line on p.11:
> Respondent Athena cease and desist from committing or causing any violations and
any future violations of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder
Why does the SEC order a firm to desist from committing violations of some rule? Aren't firms supposed to be not violating them anyway, regardless of whether they are specifically ordered by the SEC not to?
- mol10 12y agoSeems odd, right? My guess is it's primarily about future remedies: Violating an injunction (once in place) adds another potential remedy against the actor if the actor does the same act again.