Sorry, Judge Says: Joseph Jett Will Have To Pay That $8.4 Million

    MANHATTAN (CN) – U.S. District Judge Lewis Kaplan rejected former stock broker Joseph Jett‘s appeal of an SEC order.
Jett, a former Kidder Peabody trader, claimed the SEC deprived him of due process in accusing him of securities violations. A federal judge ordered Jett to disgorge $8.2 million, fined him $200,000 and enjoined him from violating securities laws again. Jett claimed he was not given notice of the orders. Judge Kaplan says to tell it to the Marines.

%d bloggers like this: