WEISS v. S.E.C.

No. 06-1001.

468 F.3d 849 (2006)

Ira WEISS, Petitioner v. SECURITIES AND EXCHANGE COMMISSION, Respondent.

United States Court of Appeals, District of Columbia Circuit.

Decided November 28, 2006.


Attorney(s) appearing for the Case

David J. Hickton argued the cause for petitioner. With him on the briefs were Ira L. Podheiser, Richard D. Bernstein, and Stephen B. Kinnaird.

John W. Avery, Special Counsel, Securities and Exchange Commission, argued the cause for respondent. With him on the brief were Brian G. Cartwright, General Counsel, Jacob H. Stillman, Solicitor, and Mark Pennington, Assistant General Counsel.

Before: HENDERSON, RANDOLPH and GRIFFITH, Circuit Judges.


Opinion for the Court filed by Circuit Judge RANDOLPH.

RANDOLPH, Circuit Judge.

The Securities and Exchange Commission imposed sanctions on Ira Weiss after finding that he had violated securities laws. At the time of the violations, Weiss was serving as bond counsel for a school district. The issue in Weiss's petition for judicial review is whether substantial evidence supports the SEC's decision.

I.

The Internal Revenue Code excludes interest...

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