Law360, New York (March 08, 2010, 12:44 PM ET) -- The U.S. Supreme Court on Monday decided not to hear Equity Financial Group LLC's challenge of an appeals court's holding that it was in fact a commodity pool operator even though it managed a feeder fund that did not execute futures transactions.
The high court's ruling handed a final victory to the U.S. Commodity Futures Trading Commission in its long-running fraud case against Equity over an alleged Ponzi scheme.
In July the U.S. Court of Appeals for the Third Circuit ruled against Equity, the company's sole...
High Court Dashes Commodity Pool Jurisdiction Appeal
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