In its recent decision inSEC v. Apuzzo, No. 11-696-CV, 2012 WL 3194303 (2d Cir. Aug. 8, 2012), the U.S. Court of Appeals for the Second Circuit held that
Leasing Fraud
In its recent decision in <i>SEC v. Apuzzo</i>, the U.S. Court of Appeals for the Second Circuit held that to prevail on a claim of aiding and abetting securities fraud under § 20(e) of the Securities and Exchange Act of 1934, 15 U.S.C. § 78t(e), the Securities and Exchange Commission need not demonstrate that the defendant's conduct proximately caused the primary violation.
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