High Court Won’t Review Materiality Finding In Security Fraud Conviction

(June 21, 2023, 10:28 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on June 20 denied a former trader’s petition that sought review of his conviction for conspiracy to commit securities and wire fraud wherein the former trader argued that misrepresentations about the price a security was bought and could be sold for were not material....