High Court Won’t Hear Fund Manager’s 1st Amendment Arguments About SEC Enforcement

Mealey's (December 11, 2023, 2:23 PM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Dec. 11 denied a petition for a writ of certiorari filed by a hedge fund and its manager seeking reversal of a federal appeals court’s decision upholding a jury's liability finding in an Securities and Exchange Commission enforcement action based in part on the argument that the SEC made errors in bringing the action against him because the First Amendment protects his right to make incorrect statements....