First Circuit Questions Materiality in SEC's Case Against Commonwealth Equity Services
By EsqSocial Corporation 17/04/25
On April 1, the U.S. Court of Appeals for the First Circuit vacated a summary judgment ruling in favor of the Securities and Exchange Commission (SEC) against Commonwealth Equity Services, LLC, also known as Commonwealth Financial Network (Commonwealth). The case, which involved allegations of inadequate disclosure of potential conflicts of interest, was remanded for further proceedings....
By: Troutman Pepper Locke