United States Seventh Circuit

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MONETTA FIN. SERV. v. SEC, 03-3073

An SEC order finding that defendant, president of an investment company, violated the Investment Advisers Act is reversed where there was insufficient evidence to support a finding that defendant aided and abetted the violation.

Appellate Information

  • Argued 02/17/2004
  • Decided 11/30/2004
  • Published 11/30/2004


  • WILLIAMS, Circuit Judge., Before RIPPLE, KANNE, and WILLIAMS, Circuit Judges.


  • United States Seventh Circuit


  • For Appellant:
  • Steven S. Scholes (argued), McDermott, Will & Emery, Chicago, IL, Douglas G. Edelschick, McDermott, Will & Emery, Washington, DC, for Petitioners.

  • For Appellees:
  • John W. Avery (argued), Securities & Exchange Commission, Office of the General Counsel, Washington, DC, Mary Keefe, Securities and Exchange Commission, Chicago, IL, for Respondent.