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Bon mots

"You can observe a lot just by watching." Yogi Berra

"We do not distain to borrow wit or wisdom from any man who is capable of lending us either." Henry Fielding, Tom Jones

"In our complex society the accountant's certificate and the lawyer's opinion can be instruments for inflicting pecuniary loss more potent than the chisel or the crowbar." United States v. Benjamin, 328 F.2d 854, 862 (2d Cir. 1964)

Protective Order Granted For Financial Information In Connection With Appeal

Gregory O. Trautman, Exchange Act Release 57545

As is its practice, the Commission granted a protective order sealing certain personal and confidential financial information Trautman filed in connection with his pending appeal of an ALJ's initial decision that can be viewed here  (also see the ALJ's  denial of a motion to correct here).  Respondents typically file such information in an effort to establish an "inability to pay" defense to disgorgement or penalties.