Legal Opinion
Securities & Exchange Commission v. Enterprise Trust Co.
Court of Appeals for the Seventh Circuit
Decided March 18, 2009No. 08-3798, 08-3852PublishedCited by 34 opinions
1Opinion of the Court
EASTERBROOK, Chief Judge.
Enterprise Trust Company opened for business in 2006 and closed about two years later when the district court froze its assets in response to a complaint by the Securities and Exchange Commission. During its short life, Enterprise managed more than $100 million in almost 1,200 accounts. Some of its customers used Enterprise only for custodial services (that is, to hold securities that the customers had purchased), while others relied on Enterprise to select securities. John H. Loh-meier, Enterprise’s principal manager, did not honor customers’ instructions. He…
2Cases cited11 opinions
- Devlin v. ScardellettiSupreme Court of the United States · 2002
- Marino v. OrtizSupreme Court of the United States · 1988
- Felzen v. AndreasCourt of Appeals for the Seventh Circuit · 1998
- Official Committee of Unsecured Creditors of WorldCom, Inc. v. Securities & Exchange CommissionCourt of Appeals for the Second Circuit · 2006
- Securities & Exchange Commission v. Forex Asset Management LLCCourt of Appeals for the Fifth Circuit · 2001
6 more not listed; retrieve them via the Exa API.
3Cited by34 opinions
- Securities & Exchange Commission v. Wealth Management LLCCourt of Appeals for the Seventh Circuit · 2010
- Securities & Exchange Commission v. ByersDistrict Court, S.D. New York · 2009
- CFTC v. 3M Employee Welfare Benefit Association Trust ICourt of Appeals for the Second Circuit · 2013
- Commodity Futures Trading Commission v. Lake Shore Asset Management Ltd.Court of Appeals for the Seventh Circuit · 2011
- Johnson v. United States GovernmentDistrict Court, District of Columbia · 2016
29 more not listed; retrieve them via the Exa API.