Citations
- 90 F.3d 1483
Full opinion text
ANDERSON, Circuit Judge.
Daniel R. Lehl petitions for review of a final order by the Securities and Exchange Commission (“SEC”) sustaining disciplinary action taken against him by a registered securities association, the National Association of Securities Dealers, Inc. (“NASD”). Based on our review of the record, we affirm the SEC’s order.
In 1990, Lehl was a securities salesman associated with First Choice Securities in Denver. First Choice was a registered member of the NASD and Lehl was a registered representative. Between July 17 and August 3, 1990, Lehl sold 285,000 shares of stock in Champions Sports, Inc., to retail customers in eleven separate transactions. Lehl charged his customers 6.5