Geman v. Securities & Exchange Commission

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that an individual had acted with extreme recklessness when he was aware of undisclosed information and \surely knew\ that it had not been adequately reported
• holding that the firm was held to the standard of a fiduciary with respect to customers charged a wrap fee, which is an industry term for an all-inclusive fee to provide brokerage, advisory, and custodial services
• affirming SEC decision that violation of best execution duty violated federal securities laws
• upholding administrative law judge’s ruling that the defendant aided and abetted securities violations by failing to ensure the firm complied with reporting requirements despite his knowledge of the firm’s previous non-compliance
• “The SEC is not required to prove reliance or injury in enforcement actions.”

Source: CourtListener parenthetical corpus (CC0).