Brokerage Firm, Investors Clash After U.S. Pushes High Court Review

( October 29, 2026, 9:04 AM EDT) -- WASHINGTON, D.C. — After the federal government urged the U.S. Supreme Court to review a Ninth Circuit U.S. Court of Appeals ruling that investors do not need to show that omitted interim financial information rendered an affirmative statement misleading to state a claim under Section 11(a) of the Securities Act of 1933, a brokerage firm and investors filed competing supplemental briefs disputing whether the appellate court improperly equated material omissions with misleading statements....