![Supreme Court finds investment banker does not have to draft fraudulent communication to be held liable for fraud](https://www.jurist.org/news/wp-content/uploads/sites/4/2019/03/us_supreme_1553707606.jpg)
The US Supreme Court ruled Wednesday that an investment banker may be held liable under 17 CFR § 240.10b-5 (Rule 10b-5) for sending fraudulent information about a potential investment even if the employee did not draft the correspondence and sent it at the behest of their boss. In Lorenzo v. Securities and Exchange Commission the court considered of whether Lorenzo, [...]