Comments on: Pang Charged http://lawshucks.com/2009/04/pang-charged/ A self-deprecating look at life in and after BigLaw Sat, 13 Mar 2010 17:55:22 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: lawshucks http://lawshucks.com/2009/04/pang-charged/#comment-543 lawshucks Tue, 28 Apr 2009 20:49:53 +0000 http://lawshucks.com/?p=1578#comment-543 I'm a deal lawyer and have never (as far as I know) violated the securities laws, so the issue hasn't come up, but all we said that he has been charged, which would seem to include being charged with violating the securities laws, not that it was a criminal action. The SEC filed a "complaint for violation of the securities laws," which you can read here <a href="http://sec.gov/litigation/complaints/2009/comp21013.pdf" target="_blank">http://sec.gov/litigation/complaints/2009/comp210...</a> The relief they're seeking is all civil-esque, to your point. Disgorgement, injunctions, civil penalties, etc. I'm a deal lawyer and have never (as far as I know) violated the securities laws, so the issue hasn't come up, but all we said that he has been charged, which would seem to include being charged with violating the securities laws, not that it was a criminal action.

The SEC filed a "complaint for violation of the securities laws," which you can read here
http://sec.gov/litigation/complaints/2009/comp210...

The relief they're seeking is all civil-esque, to your point. Disgorgement, injunctions, civil penalties, etc.

]]> By: Mark http://lawshucks.com/2009/04/pang-charged/#comment-540 Mark Tue, 28 Apr 2009 16:35:21 +0000 http://lawshucks.com/?p=1578#comment-540 Doesn't the Department of Justice bring criminal actions against SEC Act violators? Where the SEC only brings civil enforcement actions? Doesn't the Department of Justice bring criminal actions against SEC Act violators? Where the SEC only brings civil enforcement actions?

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