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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)

Motion to Amend Charges Granted

Consumers Financial Corp., Exchange Act Rel. 61561, February 22, 2010

After these proceedings were instituted under Exchange Act § 12(j) based on delinquent mandatory filings the company claimed that it had less than 200 shareholders by filing a Form 15. The Division of Enforcement sought to amend the proceedings to bring them under § 12(g) after the ALJ noted that the filing of t he Form 15 deprived the Commission of jurisdiction under §12(j). The Commission granted the motion.