Court of Appeals for the Seventh Circuit August 22, 2017, No. 17-1365 (Perres v. Securities & Exchange Commission)

ORDER

Allen Perres sold common stock in Southern Cross Resources Group to unaccredited individual investors in exchange for commissions. Perres knew these sales were unlawful since (1) the company’s securities were unregistered and no exemption from registration was available, see 15 U.S.C. § 77e(a), (c), and (2) Perres himself was not registered as a broker or dealer, see id, § 78o(a).