SEC Administration Action: No Dodd-Frank Retroactivity

This Order bars Matthew J. Gagnon (Gagnon) from association with any broker or dealer for committing bad deeds. [SL Comment: The interesting item in the case was that the Administrative Law Judge declined to impose any penalties that would have been permitted under Dodd-Frank against Gagnon as his misdeeds had predated the effectiveness of Dodd-Frank.]

Cross-Reference(s): SEA Sec 10(b), 15(a), 15(b); SEA Rule 10b-5; 17 CFR Sec. 201.155(a), 201.220(f), 201.323; Securities Act Sec 5(a), 5(c), 17(a), 17(b).

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