Jan M. Folena

When is an investment adviser negligent? The U.S. Court of Appeals for the Second Circuit reversed a lower court ruling in SEC v. Rashid, and clarified the negligence standard applicable to the anti-fraud provisions of the Investment Advisers Act of 1940.

Read more from Jan Folena, Sara Crovitz, Matt DiClemente and Rachel Charamella on the Investment Advisers Association’s website (membership required).