Bloomberg Law
Nov. 21, 2017, 5:01 PM UTC

Shkreli Dodges Securities-Industry Bar Order

Phyllis Diamond

Former pharmaceutical executive Martin Shkreli’s convictions for lying to his hedge fund’s clients could send him to prison for up to 20 years, but standing alone, they’re not enough to bar him from the securities industry.

The Securities and Exchange Commission Enforcement Division is entitled to summary judgment on the question of whether Shkreli was convicted of a felony involving securities within the past 10 years, an SEC administrative law judge said Nov. 17 in a so-called follow-on proceeding ( In Shkreli , S.E.C., Admin. Proc. File No. 3-18127, 11/17/17 ).

However, the division didn’t make two other showings required ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.