Opinion of Commissioner Piwowar, concurring in part and dissenting in part from the opinion of the Commission

Commissioner Piwowar issued a separate opinion, concurring in part and dissenting in part, from the Commission’s consideration of an appeal of an administrative law judge’s initial decision in the matter of Thomas C. Gonnella.[1] 

Commissioner Piwowar’s separate opinion can be found at https://www.sec.gov/litigation/opinions/2016/33-10119.pdf#page=23.