Disgorgement, Civil Penalty Award Upheld Against Investment Adviser On Appeal

Mealey's (July 11, 2022, 1:29 PM EDT) -- CHICAGO — A federal district court did not err in issuing its finding of liability and financial awards against an investment adviser accused of operating a financial scheme that defrauded investors, but the court did err in issuing injunctive relief, making remand of that issue necessary, a Seventh Circuit U.S. Court of Appeals panel ruled July 7 in affirming in part and remanding in part....