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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 Orders Granted

Thomas C. Bridge, James D. Edge, Jeffrey K. Robles, Securities Act Rels. 33-8937, 8938, 3939 (June 30, 2008)

Summary

These respondents submitted personal financial information to the Commission in connection with their appeal of an ALJs initial decision.  Usually this is done to attempt to eliminate or reduce penalties or disgorgement based on an argument of inability to pay.  The Commission pursuant to its Rule of Practice 322 generally grants protective orders making such information non-public.