In this decision, the court upheld an instruction that permitted the jury to find that a hedge fund adviser had a fiduciary relationship with a client.
“[N]o hedge fund adviser could create a client relationship with an investor, but rather held only that the SEC had ‘not justified treating all investors in hedge funds as clients’” the Sixth Circuit concluded
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Published In:
Commercial Law & Contracts Updates, Criminal Law Updates
Reference Info:
Decision |
Federal, 6th Circuit, Ohio |
United States
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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