Legal Opinion
Securities & Exchange Commission v. Pasternak
District Court, D. New Jersey
Decided June 24, 2008No. Civil Action 05-3905 (JAP)PublishedCited by 9 opinions
1Opinion of the Court
OPINION
PISANO, District Judge.
TABLE OF CONTENTS
I. BACKGROUND.466
A. Procedural History.466
B. Witnesses Presented at Trial.468
C. Credibility Determinations.475
II. STATUTORY AND REGULATORY BACKGROUND.476
A. Applicable Statutes under the Securities Act and the Exchange Act.477
B. Applicable NASD Regulations.479
III. FINDINGS OF FACT. 481
A. Background of the NASDAQ Market in 1999-2000 and Formation of Knight Securities.481
B. Knight’s Execution of Trades and Retail Order Flow. 485
1. Institutional Orders.486
2. Retail Orders.488
3. Sales Credit Data .489
C. Knight’s Supervisory and Compliance…
2Cases cited34 opinions
- Daubert v. Merrell Dow Pharmaceuticals, Inc.Supreme Court of the United States · 1993
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
29 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Securities & Exchange Commission v. ShanahanCourt of Appeals for the Eighth Circuit · 2011
- Securities & Exchange Commission v. Lucent Technologies, Inc.District Court, D. New Jersey · 2009
- Securities & Exchange Commission v. DesaiDistrict Court, D. New Jersey · 2015
- Securities & Exchange Commission v. EspuelasDistrict Court, S.D. New York · 2008
- Enron Corp. Securities, Derivative & "Erisa" Litigation v. UBS PaineWebber, Inc.District Court, S.D. Texas · 2017
4 more not listed; retrieve them via the Exa API.