U.S. Supreme Court To Hear Appeal Of SEC Fraudulent Scheme Claim Ruling

Mealey's (June 18, 2018, 10:34 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on June 18 agreed to hear an appeal of an SEC ruling that an investment banker’s two emails sent to prospective investors violated provisions of federal securities laws because there is no split among the federal circuit courts as to the “scope of liability under” provisions of the Securities Act of 1933, the Securities Exchange Act of 1934 and SEC Rule 10b-5 (Francis V. Lorenzo v. Securities and Exchange Commission, No. 17-1077, U.S. Sup.)....