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First Circuit’s Reversal of Summary Judgment Clarifies Materiality Standard for Advisory Conflicts

A recent ruling may raise the bar for the Securities and Exchange Commission (SEC) in charging registered investment advisers for omissions of potential conflicts and seeking disgorgement, giving the defense bar additional...more

Congress Passes NDAA Legislation Extending SEC’s Disgorgement Powers

On January 1, 2021, the U.S. Congress voted to override a presidential veto of the National Defense Authorization Act (NDAA)1, the annual military spending bill. Tucked away in the 1,400-page legislation are provisions...more

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