SEC v. Commonwealth: a win for the securities industry
By EsqSocial Corporation 23/04/25
On April 1, 2025, the First Circuit Court of Appeals vacated a nearly $95 million judgment against our client Commonwealth Financial Network related to the sufficiency of Commonwealth’s revenue-sharing disclosures. The First Circuit’s opinion has practical implications going forward for future Securities and Exchange Commission enforcement actions against investment advisers and broker-dealers....
By: Eversheds Sutherland (US) LLP