( March 6, 2026, 10:05 AM EST) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel affirmed in part a lower court’s grant of summary judgment in favor of the Securities and Exchange Commission in an enforcement action against an individual it alleged misled fellow members of his religion to solicit investments in violation of federal securities laws but ruled that the lower court had improperly relied on SEC’s interpretation when it found that the individual violated the Investment Advisers Act of 1940....