The U.S. Supreme Court safeguarded investor-protection laws on Wednesday by refu...
WASHINGTON - The U.S. Supreme Court safeguarded investor-protection laws on Wednesday by refusing to further narrow the scope of who can be held liable for securities fraud, upholding a lower court ruling against a New York investment banker banned from the industry by the Securities and Exchange Commission.
Writing on behalf of the court, liberal Justice Stephen Breyer said perpetrators of securities fraud could escape liability if the law were interpreted narrowly. In his dissenting opinion, Thomas said the ruling “misconstrues the securities laws and flouts our precedent in a way that is likely to have far-reaching consequences.” Thomas said under the ruling, for example, there would be nothing to stop an executive assistant from being hit with sanctions for merely transmitting a supervisor’s email.
Anti-fraud provisions of U.S. securities laws prohibit false statements and other conduct categorized as acts, devices, practices or schemes. The case hinged on whether a person who did not personally make fraudulent statements but merely passed them along can be found liable for engaging in a fraudulent scheme.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
U.S. top court undermines Google settlement in internet privacy caseWASHINGTON - The U.S. Supreme Court on Wednesday cast doubt on a $8.5 million se...
Consulte Mais informação »
Thomas speaks as U.S. high court weighs death row inmate's race claimThe U.S. Supreme Court on Wednesday appeared poised to side with a black Mississ...
Consulte Mais informação »
U.S. top court jeopardizes Google settlement in internet privacy caseWASHINGTON - The U.S. Supreme Court on Wednesday put in jeopardy an $8.5 million...
Consulte Mais informação »
Opinion | Will the Supreme Court unleash a frenzy of GOP partisan gerrymandering?Opinion: Will the Supreme Court unleash a frenzy of GOP partisan gerrymandering?
Consulte Mais informação »
Opinion | Elections all over America may be decided by these two Supreme Court casesOpinion | Jessica Levinson: 'It is likely the justices will conclude that federal courts shouldn't police claims of partisan gerrymandering, essentially legalizing vote dilution.' - NBCNewsTHINK
Consulte Mais informação »
Supreme Court hears arguments over partisan redistrictingWASHINGTON (AP) — The Supreme Court is returning to arguments over whether the political task of redistricting can be overly partisan.
Consulte Mais informação »
Supreme Court weighs crackdown on gerrymanderingWith Kennedy replaced on the bench by Justice Brett Kavanaugh, most experts agree new limits on gerrymandering are no more likely this time around
Consulte Mais informação »
Bump stock ban takes effect as opponents await word from Supreme CourtWhile one justice rejected a request to delay the ban, another was still pending Tuesday, the day it took effect.
Consulte Mais informação »
A familiar Supreme Court pattern as justices review extreme partisan gerrymanderingLiberal justices think it is a threat, and conservatives wonder whether courts have a role in policing it.
Consulte Mais informação »