As is its practice in appeals, the Commission granted a protective order sealing tax returns filed by an appellant in his pending appeal. Respondents often file such financial information in an effort to claim an inability to pay either disgorgement or penalties.
Bon Mots
[W]e do not disdain to borrow wit or wisdom from any man who is capable of lending us either . . . ." Henry Fielding, Tom Jones
"[T]he securities business is one in which opportunities for dishonesty recur constantly and … this necessitates specialized legal treatment." Richard C. Spangler, Inc., 46 SEC 238, 252 (1976)
"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)
"You can observe a lot by just watching." Yogi Berra
"The cheaper the crook, the gaudier the patter." Dashiell Hammett, The Maltese Falcon