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S.E.C. v. JAKUBOWSKI

No. 97-4010.

150 F.3d 675 (1998)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellee, v. Steven R. JAKUBOWSKI, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided July 16, 1998.

Attorney(s) appearing for the Case

Susan S. McDonald (argued), Catherine A. Broderick, Securities & Exchange Commission, Office of the General Counsel, Washington, DC, for Plaintiff-Appellee.

Christopher J. Barber (argued), Rudnick & Wolfe, Chicago, IL, for Defendant-Appellant.

Before CUDAHY, EASTERBROOK, and DIANE P. WOOD, Circuit Judges.

EASTERBROOK, Circuit Judge.

Steven Jakubowski, a bankruptcy lawyer at Skadden Arps Slate Meagher & Flom, decided to make some money on the side by lining up stock from savings associations that were abandoning the mutual form. From this endeavor he reaped only $51,500, substantially less than his income from practicing law. The risk-return ratio was unfavorable. These dealings led to his discharge from the law firm, his suspension from the practice of law for...

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