( July 22, 2025, 9:37 AM EDT) -- BOSTON — A federal judge in Massachusetts reinstated an injunction against the CEO of a holding company for violating the registration provision of federal securities laws after a divided First Circuit U.S. Court of Appeals panel affirmed the district court’s partial summary judgment in favor of the Securities and Exchange Commission but vacated the injunction with instructions for the lower court to “assess the appropriateness of injunctive relief and civil penalties” against the CEO. In reinstating the injunction, the judge found it likely that the CEO could repeat his actions....