Daily Archives: March 20, 2015, 2:03 pm

Jury Returns Mixed Verdict in Willie Gault Case, Part II: ‘Negligent Fraud’ | Compliance Week

The jury’s mixed verdict in the recent Willie Gault trial included a finding that Gault violated Section 17(a)(3) of the Securities Act — a type of “negligent fraud” that seems to fall somewhere below actual fraud but above a “securities parking ticket.” via Jury Returns Mixed Verdict in Willie Gault Case, Part II: ‘Negligent Fraud’ | Compliance Week.

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