July 18, 2011
Who’s Liable for Fraudulent Investment Remarks?
If you repeat someone else's bogus investment statement, you may be foolish, but you are not liable for the bogusness. The Supreme Court in Janus Capital Group, Inc. v First Derivative Traders, 131 S.Ct. 2296, 2299 (2011) held that an investment advisor was not liable for fraudulent statements made in…
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