Lehl v. Securities and Exchange Commission
United States Court of Appeals for the Tenth Circuit
90 F.3d 1483 (1996)
Relevant factsFree
NASD disciplined Daniel Lehl (defendant), a securities salesman, for violating its rule against unfair pricing in his sale of Champions Sports stock, recommending he requalify as a salesman; the SEC affirmed NASD's decision on Lehl's appeal, and Lehl further appealed to the Tenth Circuit, arguing the SEC's enforcement of NASD's pricing rule was an improper regulation of securities prices.
IssueFree
Whether the Securities and Exchange Commission has the authority to enforce general pricing guidelines.
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