United States Securities & Exchange Commission v. Ahmed

RULING DENYING RELIEF DEFENDANTS’ MOTION TO DISMISS CERTAIN CLAIMS IN THE SECOND AMENDED COMPLAINT

Janet Bond Arterton, U.S.D.J.

Plaintiff United States Securities and Exchange Commission (the “SEC”) brought this civil- enforcement action against Defendant .'Iftikar Ahmed (“Mr. Ahmed”) alleging fraud in the purchase or sale of securities in violation of Section 10(b) of the Exchange Act and Rule 10b-5 (Count One); fraud in the offer or sale of 'securities in violation of Section -17(a) of the-Securities Act (Count Two); fraud by an Investment Adviser in violation of-Sections 206(1) and 206(2)…