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S.E.C. v. TEAM RESOURCES INCORPORATED

No. 18-10931.

942 F.3d 272 (2019)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellee, v. TEAM RESOURCES INCORPORATED; Fossil Energy Corporation; Kevin A. Boyles, Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

FILED November 5, 2019.

Attorney(s) appearing for the Case

Benjamin M. Vetter , Daniel Staroselsky , U.S. Securities & Exchange Commission, Washington, DC, for Plaintiff-Appellee.

Phillip DeRosier , Detroit, MI, Jacob Shaye Frenkel , Washington, DC, Dickinson Wright, P.L.L.C., for Defendants-Appellants.

Before KING, HIGGINSON, and DUNCAN, Circuit Judges.

The Securities and Exchange Commission ("SEC") filed an enforcement action against Kevin Boyles and two companies he created, Team Resources and Fossil Energy, because it believed Boyles was scamming investors. While the case was pending, the Supreme Court decided Kokesh v. S.E.C., in which it held that...

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