Attorney Authored

Ruling may encourage SEC to pursue broader theories

By John Nowak

After a string of high-profile Supreme Court defeats, the SEC finally won one. Recently, in Lorenzo v. Sec. Exch. Comm'n, 2019 DJ-DAR 2499 (March 27, 2019), the Supreme Court upheld a D.C. Circuit ruling that a director of a registered broker-dealer was liable for securities fraud when he cut-and-pasted false statements prepared by his boss and at his boss's direction, emailed those statements to potential investors.

This article was originally published in The Daily Journal.