{"id":922,"date":"2019-05-15T12:26:53","date_gmt":"2019-05-15T12:26:53","guid":{"rendered":"http:\/\/localhost\/?p=922"},"modified":"2019-05-15T12:26:53","modified_gmt":"2019-05-15T12:26:53","slug":"dc-circuit-finds-negligent-but-not-willful-fraud-for-inadequate-disclosures","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2019\/05\/15\/dc-circuit-finds-negligent-but-not-willful-fraud-for-inadequate-disclosures\/","title":{"rendered":"DC Circuit finds negligent, but not willful fraud for inadequate disclosures"},"content":{"rendered":"<p>In a much-anticipated decision, on April 30, 2019, the US Court of Appeals for the District of Columbia Circuit issued its decision in <em>Robare<\/em>, a case that concerned an investment adviser\u2019s (IA) disclosure of conflicts of interest regarding its receipt of payments from a custodian. The court held that the Commission\u2019s findings of \u201cnegligent\u201d violations under Section 206(2) were supported, but the Commission\u2019s findings of \u201cwillful\u201d violations under Section 207, based on the same negligent conduct, \u201care erroneous as a matter of law.\u201d<\/p>\n<p><a href=\"https:\/\/us.eversheds-sutherland.com\/NewsCommentary\/Legal-Alerts\/220500\/Legal-Alert-DC-Circuit-finds-negligent-but-not-willful-fraud-for-inadequate-disclosures?utm_source=vuture&amp;utm_medium=email&amp;utm_campaign=vuture-emails\">Read more here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a much-anticipated decision, on April 30, 2019, the US Court of Appeals for the District of Columbia Circuit issued its decision in Robare, a case that concerned an investment adviser\u2019s (IA) disclosure of conflicts of interest regarding its receipt of payments from a custodian. The court held that the Commission\u2019s findings of \u201cnegligent\u201d violations &hellip; <a href=\"https:\/\/bdia.pli.edu\/index.php\/2019\/05\/15\/dc-circuit-finds-negligent-but-not-willful-fraud-for-inadequate-disclosures\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">DC Circuit finds negligent, but not willful fraud for inadequate disclosures<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,24,22],"tags":[],"class_list":["post-922","post","type-post","status-publish","format-standard","hentry","category-compliance","category-enforcement","category-standard-of-care"],"aioseo_notices":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=922"}],"version-history":[{"count":0,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/922\/revisions"}],"wp:attachment":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}