Joseph S. Dazzio v. Federal Deposit Insurance Corporation

GARWOOD, Circuit Judge:

For the second time, petitioner Joseph S. Dazzio (Dazzio) appeals the assessment of a civil money penalty against him by the respondent Federal Deposit Insurance Corporation (FDIC) for banking regulation violations. Finding that the FDIC, in light of our earlier remand of this case, has abused its discretion in making its latest assessment of Dazzio’s penalty, we reverse and (again) remand.

Facts and Proceedings Below

The facts surrounding Dazzio’s involvement in the insider transaction that led to the instant banking regulation violations are set forth in this Court’s…