Medley

FOR PUBLICATION

UNITED STATES COURT OF APPEALS

FOR THE NINTH CIRCUIT

SECURITIES AND EXCHANGE 

COMMISSION,

Plaintiff-Appellee, v. No. 06-15165

M&A WEST INC.; SCOTT L. KELLY;

SALVATORE CENSOPRANO; ZAHRA R.  D.C. No.

CV-01-03376-VRW

GILAK; FRANK THOMAS ECK, III,

Defendants, OPINION and

STANLEY R. MEDLEY,

Defendant-Appellant.  Appeal from the United States District Court for the Northern District of California Vaughn R. Walker, District Judge, Presiding

Argued and Submitted November 6, 2007—San Francisco, California

Filed August 12, 2008

Before: Sidney R. Thomas, Richard C. Tallman, and Sandra S. Ikuta, Circuit Judges.

Opinion by Judge Thomas; Partial Concurrence and Partial Dissent by Judge Ikuta

10437 SEC v. MEDLEY 10441

COUNSEL

Irving M. Einhorn and Patricia G. Bell, Law Offices of Irving M. Einhorn, for the appellant.

Brian G. Cartwright, General Counsel, Jacob H. Stillman, Solicitor, Hope Hall Augustini, Senior Litigation Counsel, Tracey A. Hardin, Senior Counsel, Securities and Exchange Commission, for the appellee.

OPINION

THOMAS, Circuit Judge:

This case arose from the activities of M&A West,…