Autorité des marchés financiers v. Kamaneh

In view of the apparent breaches of the Securities Act by the respondents, who allegedly used a scheme to influence or attempt to influence the price or value of securities known as “penny stocks,” as well as the urgency of the situation and the risk of irreparable injury to the integrity of the financial markets, immediate action by the Tribunal is justified to protect the public interest without a prior hearing for the respondents.

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Autorité des marchés financiers v. Kamaneh