Legal Opinion
Schwalm v. Pennsylvania Securities Commission
Commonwealth Court of Pennsylvania
Decided February 2, 2009No. 1426 C.D. 2008PublishedCited by 2 opinions
1Opinion of the Court
OPINION BY
Judge PELLEGRINI.
Joseph S. Schwalm (Schwalm) appeals pro se an order of the Pennsylvania Securities Commission (Commission) finding that he violated Section 301(b) of the Pennsylvania Securities Act (Act), 1 70 P.S. § 301(b), by selling unregistered securities in Pennsylvania. As a result, the Commission barred him from working as a securities representative in Pennsylvania and imposed a $140,000 administrative assessment and a $35,195.96 assessment for investigative and legal costs that the Commission incurred. On appeal, Schwalm contends that his due process rights were violated…
2Cases cited9 opinions
- Collins v. YoungbloodSupreme Court of the United States · 1990
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Jae v. GoodCommonwealth Court of Pennsylvania · 2008
- Telang v. Commonwealth Bureau of Professional & Occupational AffairsSupreme Court of Pennsylvania · 2000
- Telang v. COM., BUREAU OF PROF. & OCC. AFFAIRSSupreme Court of Pennsylvania · 2000
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3Cited by2 opinions
- Nguyen v. Bureau of Professional & Occupational Affairs, State Board of CosmetologyCommonwealth Court of Pennsylvania · 2012
- Goldata Computer Services, Inc. v. Dept. of Banking & SecuritiesCommonwealth Court of Pennsylvania · 2025