Texas Judge Shoots Down Challenge to SEC ‘Gag Order’

A Texas federal judge denied a former defendant’s bid to lift what his lawyers called a “gag order” in his settlement with the U.S. Securities and Exchange Commission on Tuesday. U.S. District Judge Reed O’Connor of Fort Worth said there had been no change in the law or violation of due process to justify modifying Christopher Novinger and his ICAN Investment Group’s 2016 settlement with the agency.

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