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Home / Opinion / 09-4090 SEC v. Wealth Management, LLC

09-4090 SEC v. Wealth Management, LLC

Securities Receivership Where a receivership trust lacks sufficient assets to fully repay investors and the investors' funds are commingled, a distribution plan may properly be guided by the notion that "equality is equity," and pro rata distribution is appropriate. "The goal in both securities-fraud receiverships and liquidation bankruptcy is identical- the fair distribution of the liquidated assets. See ...

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