Oral Arguments Heard In Appeal Of Rule 10b-5 Ruling Against Investment Banker

Mealey's (December 3, 2018, 4:18 PM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Dec. 3 heard oral arguments in an appeal of a federal appellate court’s ruling that an investment banker could be held liable for false and misleading statements made in an email he sent to investors on behalf of his boss, even though the deceptive statements were made by the boss and not the banker himself (Francis V. Lorenzo v. Securities and Exchange Commission, No. 17-1077, U.S. Sup.)....