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housedad

05/02/08 4:04 PM

#102705 RE: justfrank #102703

Wasn't Uli attorney JL?
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Squirt

05/03/08 2:35 PM

#102802 RE: justfrank #102703

"Without admitting or denying the charges against him, Huff consented to final judgment permanently enjoining him from future violations of Sections 5(a) and 5(c) of the Securities Act and ordering him to pay a $30,000 civil penalty."

What the heck does the bold portion mean? I assume that everyone must not violate Sections 5(a) and 5(c) of the Securities Act. Why is it necessary to enjoin someone from doing so? Admittedly, I haven't read the section of law quoted but the injunction seems redundant.....unless the penalties are more severe following an injunction.

I'd appreciate an explanation.