Valicenti Advisory Services, Inc. v. SEC
United States Court of Appeals for the Second Circuit
198 F.3d 62 (1999)
Relevant factsFree
The SEC found that Valicenti (defendant/petitioner) inflated its rates of return in marketing materials distributed to potential investment clients, violating § 206 of the Investment Advisers Act, and issued a cease-and-desist order requiring future compliance; Valicenti appealed the order to the Second Circuit.
IssueFree
Whether the SEC has broad discretion to issue cease-and-desist orders requiring a violator of federal securities laws to comply with the laws.
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