Jury Instruction Properly Defined In SEC Market Manipulation Lawsuit

Mealey's (June 16, 2022, 1:33 PM EDT) -- NEW YORK — A federal district court did not err in defining “manipulative act” in a jury instruction during the trial of three defendants for their roles in a market manipulation scheme because the instruction the court issued was consistent with the Second Circuit U.S. Court of Appeals’ construction of market manipulation, a Second Circuit U.S. Court of Appeals panel ruled June 15 in affirming an amended judgment against the defendants....