Legal Opinion
Phillips v. Department of Commerce, Division of Securities
Court of Appeals of Utah
Decided May 18, 2017No. 20150534-CAPublishedCited by 4 opinions
1Opinion of the Court
Opinion
ROTH, Judge:
¶1 Petitioner Jack Phillips seeks review of a state agency’s assessment against him of $413,750 in civil penalties for securities fraud. We set aside the penalty and return the case to the agency to reconsider the fine amount.
BACKGROUND
¶2 In late 2011, the Division of Securities (the Division) filed a Notice of Agency Action and Order to Show Cause against Jack Phillips. The Division alleged that Phillips violated the Utah Uniform Securities Act (the Act) by making false statements in connection with the sale of securities to investors on several occasions.
¶3 After a formal…
2Cases cited16 opinions
- United States v. BajakajianSupreme Court of the United States · 1998
- Petrella v. Metro-Goldwyn-Mayer, Inc.Supreme Court of the United States · 2014
- Marion Energy, Inc. v. KFJ Ranch PartnershipUtah Supreme Court · 2011
- Savage Industries, Inc. v. Utah State Tax CommissionUtah Supreme Court · 1991
- MacK v. Utah State Department of CommerceUtah Supreme Court · 2009
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3Cited by4 opinions
- Grillone v. Peace Officer StandardsUtah Supreme Court · 2025
- Morgan v. Department of CommerceCourt of Appeals of Utah · 2017
- Grillone v. Peace Officer StandardsCourt of Appeals of Utah · 2023
- LaMont v. Riverton City Board of AppealsCourt of Appeals of Utah · 2017