Legal Opinion
Securities & Exchange Commission v. Wealth Management LLC
Court of Appeals for the Seventh Circuit
Decided December 1, 2010No. 09-4090PublishedCited by 46 opinions
1Opinion of the Court
SYKES, Circuit Judge.
This is an appeal from a collateral order issued in an enforcement action brought by the Securities and Exchange Commission (“SEC”) against a Wisconsin-based investment firm and its principals. For more than twenty years, Wealth Management LLC handled client accounts for hundreds of investors. Many were retirees, so Wealth Management usually stuck to traditional safe, low-risk investments. That changed in 2003 when Wealth Management set up six unregistered investment vehicles — similar to hedge funds— and began investing heavily in unconventional and illiquid assets. The…
2Cases cited23 opinions
- Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
- Torres v. Oakland Scavenger Co.Supreme Court of the United States · 1988
- Mohawk Industries, Inc. v. CarpenterSupreme Court of the United States · 2009
- Midlantic National Bank v. New Jersey Department of Environmental ProtectionSupreme Court of the United States · 1986
- Devlin v. ScardellettiSupreme Court of the United States · 2002
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3Cited by46 opinions
- A & F Enterprises, Inc. v. IHOP Franchising LLCCourt of Appeals for the Seventh Circuit · 2014
- Ritchie Capital Management, L.L.C. v. JeffriesCourt of Appeals for the Eighth Circuit · 2011
- SEC. & Exch. Comm'n v. Stanford Int'l Bank, Ltd.Court of Appeals for the Fifth Circuit · 2019
- Jubber v. Ruiz (In Re Ruiz)Bankruptcy Appellate Panel of the Tenth Circuit · 2011
- Securities and Exchange Commissioner v. James A. TorchiaCourt of Appeals for the Eleventh Circuit · 2019
41 more not listed; retrieve them via the Exa API.