Securities & Exchange Commission v. Smith

WINTER, Circuit Judge:

This appeal arises out of a proceeding brought to remedy securities fraud and recover assets — to be distributed to victims — that were the fruits of the fraud. The issues before us relate to enforcement of, and compliance with, an order freezing various assets.

Appellants, the David L. and Lynn A. Smith Irrevocable Trust U/A 8/04/04 (the “Trust”) and various individuals, appeal from Magistrate Judge Homer’s 1 order directing the disposition of the Trust’s assets and sanctioning: (i) Lynn Smith, a defendant in the action, and (ii) non-parties Jill Dunn, attorney for the…