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McCONVILLE v. U.S. S.E.C.

No. 05-3510.

465 F.3d 780 (2006)

Rita J. McCONVILLE, Petitioner, v. UNITED STATES SECURITIES and EXCHANGE COMMISSION, Respondent.

United States Court of Appeals, Seventh Circuit.

Decided October 11, 2006.

Attorney(s) appearing for the Case

Kenton E. Knickmeyer (argued), St. Louis, MO, Petitioner.

Randall W. Quinn, Tracey A. Hardin (argued), Securities & Exchange Commission Office of The General Counsel, Washington, DC, Mary Keefe, Securities and Exchange Commission, Chicago, IL, Respondent.

Before BAUER, RIPPLE, and WILLIAMS, Circuit Judges.

WILLIAMS, Circuit Judge.

"`There cannot be honest markets without honest publicity. Manipulation and dishonest practices of the market place thrive upon mystery and secrecy.'" Basic Inc. v. Levinson, 485 U.S. 224, 230, 108 S.Ct. 978, 99 L.Ed.2d 194 (1988) (quoting H.R.Rep. No. 1383, 73d Cong., 2d Sess., 11 (1934)). This case involves mismanagement of a corporation's financial department that eventually caused it to report its...

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