Better Markets applauds Supreme Court decision on liability of fraud

WALL STREET WATCHDOG group Better Markets applauded a new Supreme Court decision, saying it should serve to protect investors from misleading securities dealers. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
PROVIDENCE – Better Markets, a nonprofit advocating for the public’s interests in financial markets, applauded a new U.S. Supreme Court decision in the case of Lorenzo v. SEC that individuals can be liable for fraud when they disseminate fraudulent information, even if they didn’t specifically make the statement. Francis Lorenzo, while director of investment banking…

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