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.
- 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.