Blinder, Robinson Chief Barred by S.E.C. Judge
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An administrative law judge today barred Meyer Blinder from the securities business for life, although Mr. Blinder, the head of the nation’s best-known penny stock brokerage, can appeal the ban in two years. An administrative law judge today barred Meyer Blinder from the securities business for life, although Mr. Blinder, the head of the nation’s best-known penny stock brokerage, can appeal the ban in two years. Brenda P. Murray, the adminstrative law judge, also barred Mr. Blinder’s firm, Blinder, Robinson & Company, from participating in any stock underwriting for two years and suspended it from the broker-dealer business for 45 days. Today’s decision is the latest step in a decade-old court battle between the Securities and Exchange Commission and Mr. Blinder that has been waged all the way to the Supreme Court. Fraud Charges and Findings More : query.nytimes.com |