1st Circuit Upholds Finding Advisory Firm, President Violated Securities Laws

(July 18, 2024, 1:34 PM EDT) -- BOSTON — A First Circuit U.S. Court of Appeals panel upheld a Massachusetts federal judge’s decision to enter summary judgment against a man and his financial advisory company, along with a host of other orders from the judge, finding that the Securities and Exchange Commission adequately showed that the man and the firm recklessly and repeatedly issued misrepresentations about an investment strategy employed by the firm....