High Court Denies Rehearing Case To Address Disgorgement, Materiality Questions

( August 18, 2025, 2:07 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Aug. 18 denied an investment officer and his investment firm’s petition for rehearing asking the court to reconsider its decision not to grant certiorari to address questions regarding an award of disgorgement and the materiality of alleged misrepresentations under the Investment Advisors Act of 1940....