NASD bans Quattrone from securities industry for life News
NASD bans Quattrone from securities industry for life

[JURIST] NASD's National Adjudicatory Council (NAC) on Monday permanently barred Frank Quattrone from working in the securities industry in any capacity for refusing to testify about his possible involvment in document destruction and obstruction of justice while at Credit Suisse First Boston. The decision overrules that of an earlier hearing panel, which had decided merely to fine Quattrone $30,000. Yahoo! News has more. Earlier this year, Quattrone was found guilty in federal court of obstruction of justice, and was sentenced to 18 months in prison.

THIS DAY @ LAW

38 Santee Sioux hanged by US for rebellion

On December 26, 1862, 38 Santee Sioux men were hanged in a mass execution for their roles in a rebellion against US authorities in Minnesota which left hundreds dead and made refugees of some 40,000 white settlers. Government annuities promised under a treaty with the Sioux had failed to arrive on schedule and credit for purchases was not advanced in the meantime, threatening the tribe with starvation. The Santee Sioux Tribe's members were deported first to South Dakota and ultimately to Nebraska, where they remain today. Learn more about the 1862 Minnesota Sioux Rebellion.

Louis XVI put on trial during French Revolution

On December 26, 1792, Romain de Sèze, a defense attorney for deposed King Louis XVI, presented a defense of his client. The former King was on trial before a French Revolutionary court on thirty-three charges, including treason and other crimes against the state. He was convicted on January 15, 1793 executed by guillotine on the following January 21.