securities-regulation

20 cases — ← All topics

Case Title Lower Court Docketed Status Flags Tags Question Presented
24-904 Alpine Securities Corporation v. Financial Industry Regulatory Authority, et al. District of Columbia 2025-02-24 Denied Amici (1) administrative-law constitutional-structure finra-enforcement non-delegation-doctrine prosecutorial-discretion securities-regulation Petitioner is a securities broker-dealer that is the target of an enforcement proceeding brought by FINRA—a putatively "private" organization vested b…
24-52 Gunes Biray v. Securities and Exchange Commission District of Columbia 2024-07-17 Denied Response Waived administrative-law administrative-procedure agency-deference agency-discretion appellate-review arbitrary-and-capricious due-process sec-enforcement securities-law securities-regulation whistleblower-protection Does the United States Securities and Exchange Commission (SEC) possess absolute immunity from appellate scrutiny when it arbitrarily or capriciously …
23-6835 R. Allen Stanford v. Ralph S. Janvey, et al. Fifth Circuit 2024-02-27 Denied Response WaivedRelisted (2)IFP civil-enforcement district-court-jurisdiction equity-receiver equity-receivership federal-civil-procedure federal-venue general-jurisdiction securities-enforcement securities-regulation ultra-vires venue-laws This petition for Writ of Certiorari involves a civil enforcement complaint filed by the Securities and Exchange Commission against the globally situa…
23-98 Gregory Lemelson, aka Father Emmanuel Lemelson, et al. v. Securities and Exchange Commission First Circuit 2023-08-02 Denied first-amendment fraud free-speech market-speech material-misstatement rule-10b-5 sec-rule-10b-5 securities-exchange-act securities-exchange-act-of-1934 securities-law securities-regulation Section 10(b) of the Securities Exchange Act of 1934 prohibits any "manipulative or deceptive device or contrivance," as defined by Securities and Exc…
23-5153 Felix Lyle Cowan v. Greg Abbott, Governor of Texas, et al. Fifth Circuit 2023-07-20 Denied Response WaivedIFP administrative-law civil-procedure howey-test investment-contract securities-exchange-act-of-1934 securities-regulation Question not identified.
23-5086 Betsy Sachs v. Financial Industry Regulatory Authority First Circuit 2023-07-12 Denied Response WaivedRelisted (2)IFP administrative-law civil-rights constitutional-constraints due-process executive-power finra-immunity non-delegation-doctrine private-delegation quasi-governmental quasi-governmental-entity securities-regulation 1. DOES FINRA HAVE IMMUNITY? 2. DOES THE REGULATION OF US SECURITIES PROFESSIONALS REMAIN A PRIVATE ENTERPRISE FREE FROM THE CONSTITUTIONAL CONSTRAIN…
22-991 George R. Jarkesy, Jr., et al. v. Securities and Exchange Commission Fifth Circuit 2023-04-12 Denied Relisted (2) administrative-law agency-adjudication circuit-court-jurisdiction due-process judicial-review jurisdiction securities-law securities-regulation statutory-interpretation Whether, under special review statute 15 U.S.C. § 78y, circuit courts on a petition for review of a Securities and Exchange Commission final order res…
22-646 Sergey Pustelnik, et al. v. Securities and Exchange Commission Second Circuit 2023-01-11 Denied Response Waived artificiality fraud intent legal-standard market-manipulation scienter securities-exchange-act securities-fraud securities-regulation Whether scienter alone may satisfy the tradition ally separate artificiality requirement to establish market manipulation?
22-568 Jeffrey A. Cochran v. The Penn Mutual Life Insurance Company, et al. Eleventh Circuit 2022-12-20 Denied Response Waived artful-pleading circuit-split class-action federal-preemption material-fact material-facts misrepresentation securities-litigation securities-litigation-uniform-standards-act securities-regulation slusa 1. Whether SLUSA bars a state-law class action "alleging a misrepresentation or omission of a material fact" when the complaint contains no such alleg…
22-5098 Arthur Torlucci v. California California 2022-07-13 Denied Relisted (2)IFP administrative-law agency-adjudication appointments-clause civil-rights due-process judicial-review legal-standard lower-court-ruling protected-activity securities-regulation separation-of-powers statutory-interpretation Question not identified.
21-1239 Securities and Exchange Commission, et al. v. Michelle Cochran Fifth Circuit 2022-03-11 Judgment Issued Amici (11)Relisted (2) administrative-law administrative-law-judge civil-procedure constitutional-challenge constitutional-law district-court-jurisdiction federal-jurisdiction removal-provisions sec-administrative-proceeding securities-regulation separation-of-powers statutory-interpretation Whether a federal district court has jurisdiction to hear a suit in which the respondent in an ongoing Securities and Exchange Commission administrati…
21-594 Alphabet Inc., et al. v. Rhode Island, Office of the Rhode Island Treasurer on Behalf of the Employees' Retirement System of Rhode Island Ninth Circuit 2021-10-25 Denied Amici (2)Response RequestedResponse WaivedRelisted (2) annual-filing circuit-split disclosure-requirements forward-looking past-information quarterly-report risk-factors sec-regulations securities-disclosure securities-regulation Securities and Exchange Commission regulations require companies to disclose in their annual and quarterly filings "risk factors" that may affect thei…
20-678 M&T Bank Corporation, et al. v. David Jaroslawicz, et al. Third Circuit 2020-11-17 Denied Amici (2) compliance corporate-governance disclosure disclosure-obligations materiality public-company regulatory-compliance risk-factors sec-regulation securities-disclosure securities-regulation (1) Whether Item 105 of Regulation S-K, which obligates public companies to discuss material risk factors in registration statements, periodic SEC fil…
19-1015 Jeremy J. Walker v. Ameriprise Financial Services, Incorporated Fifth Circuit 2020-02-14 Denied Response Waived 9-usc-10 arbitration-agreement arbitrator-powers federal-arbitration-act finra finra-code industry-code industry-dispute judicial-review mandatory-arbitration nasd securities-regulation 1. Does the FINRA Industry Code supply the terms of the arbitration agreement governing a mandatory arbitration between a member (such as Ameriprise) …
19-643 John Hurry, et al. v. Financial Industry Regulatory Authority, Inc., et al. Ninth Circuit 2019-11-19 Denied Response RequestedResponse WaivedRelisted (2) civil-rights constitutional-law due-process finra immunity law-enforcement-powers private-corporation regulatory-authority securities-industry securities-regulation state-action state-actor tort-immunity 1. Whether FINRA, an ostensibly private corporation invested with vast powers to regulate the securities industry, is absolutely immune from any claim…
19-249 Kevin Lampkin, et al. v. UBS Financial Services, Incorporated, fka UBS Painewebber, Incorporated, et al. Fifth Circuit 2019-08-26 Denied Response Waived cendant-cases civil-procedure employee-compensation employee-stock-options fifth-circuit sale-definition sale-of-securities securities securities-act securities-act-of-1933 securities-regulation standing stock-option supervisory-powers Is the grant of an employee stock option a "sale" of a security under the Securities Act of 1933?
18-1566 Charles D. Scoville v. Securities and Exchange Commission Tenth Circuit 2019-06-21 Denied Amici (1) civil-procedure criminal-prosecution dodd-frank-act due-process extraterritorial-jurisdiction extraterritorial-reach extraterritoriality federal-jurisdiction sec-enforcement securities-exchange-act securities-exchange-act-of-1934 securities-law securities-regulation statutory-interpretation subject-matter-jurisdiction Whether Section 929P(b)'s jurisdictional amendments conferred substantive extraterritorial reach upon Sections 10(b) and 17(a) in SEC enforcement acti…
18-972 Mathew Martoma v. United States Second Circuit 2019-01-28 Denied Amici (2) corporate-disclosure dirks-v-sec fiduciary-duty insider-trading personal-benefit securities-law securities-regulation tippee tippee-liability tipper Whether, in an insider trading prosecution, the government must demonstrate that the tipper received a personal benefit in exchange for providing insi…
18-486 Toshiba Corporation v. Automotive Industries Pension Trust Fund, et al. Ninth Circuit 2018-10-17 Denied CVSGAmici (9)Response RequestedResponse WaivedRelisted (3) circuit-split domestic-transaction domestic-transactions extraterritoriality forum-shopping legal-interpretation morrison-v-national-australia-bank ninth-circuit second-circuit securities-exchange-act securities-fraud securities-regulation In Morrison v. National Australia Bank, Ltd., 561 U.S. 247 (2010), this Court held that Section 10(b) of the Securities Exchange Act does not apply ex…
18-65 David Aronstein, et al. v. Thompson Creek Metals Company, Inc., et al. Tenth Circuit 2018-07-12 Denied Response Waived administrative-law civil-procedure corporate-misrepresentation disclosure disclosure-requirements due-process investor-communications material-omission materiality sec sec-disclosure securities-law securities-regulation securities-regulation-sec united-states-v-ohagan The United States Securities and Exchange Commission ("SEC"), through its regulatory releases under Item 303, has defined the circumstances under whic…