U.S. Appeals Court Overturns SEC Commissioners in State Street Case

Overview


Mark Pearlstein called the First Circuit’s overturning of an SEC decision to sanction his client, a former investment company executive, “a complete repudiation of the SEC’s factual findings. At long last, my client has been exonerated.” The full Commission had previously rejected an administrative law judge’s finding that the executive did not mislead investors. Read the full article.