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DEPT. OF BANKING & FIN. v. OSBORNE STERN

No. 84827.

670 So.2d 932 (1996)

DEPARTMENT OF BANKING AND FINANCE, DIVISION OF SECURITIES AND INVESTOR PROTECTION, Petitioner, v. OSBORNE STERN AND COMPANY, et al., Respondents.

Supreme Court of Florida.

March 28, 1996.

Attorney(s) appearing for the Case

Paul C. Stadler, Jr., Assistant General Counsel, Office of the Comptroller, Tallahassee, for Petitioner.

No appearance, for Respondents.

PER CURIAM.

We have for review a district court decision passing upon the following question certified to be of great public importance:

IN DENYING AN APPLICATION FOR REGISTRATION TO SELL SECURITIES AND IMPOSING CIVIL FINES FOR ALLEGED VIOLATIONS OF PROVISIONS OF CHAPTER 517 REGULATING THE SALE OF SECURITIES, IS THE DEPARTMENT OF BANKING AND FINANCE REQUIRED TO PROVE SUCH ALLEGATIONS BY CLEAR AND CONVINCING EVIDENCE...

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