QUESTION: Does a false statement by someone who does not retain “ultimate authority” over the statement nevertheless subject the person to a fraudulent-scheme claim under Securities Exchange Act Rule 10b-5? IN THE SUPREME COURT OF THE UNITED STATES Francis V. Lorenzo, Petitioner v. Securities and Exchange Commission, Respondent. (No. 17-1077) Washington, D.C. Monday, December 3, 2018 The above-entitled matter came on for oral argument before the Supreme Court of the United States at 11:12 a.m. APPEARANCES: ROBERT HEIM, ESQ., New York, New York; on behalf of the Petitioner. CHRISTOPHER G. MICHEL, Assistant to the Solicitor General, Department of Justice, Washington, D.C.; pro hac vice; on behalf of the Respondent. CONTENTS: (0:00) ORAL ARGUMENT OF: ROBERT HEIM, ESQ. On behalf of the Petitioner (26:05) ORAL ARGUMENT OF: CHRISTOPHER G. MICHEL, ESQ. On behalf of the Respondent (48:22) REBUTTAL ARGUMENT OF: ROBERT HEIM, ESQ. On behalf of the Petitioner Transcript: https://www.supremecourt.gov/oral_arg... Ruling: https://www.supremecourt.gov/opinions... More Info: https://www.oyez.org/cases/2018/17-1077 ABOUT SCOTUS-TOONS: The SCOTUS does not allow cameras in the courtroom during oral arguments so if you want to see what happens during a Supreme Court case you have to make the video yourself. WEBSITE: http://scotusToons.com TWITTER: / scotustoons REDDIT: / scotustoons --LINKS-- ITCH.IO: https://danielleemeeks.itch.io/ GAME JOLT: http://gamejolt.com/profile/daniellee... TWITCH.TV: / danielleemeeks TWITTER: / danielleemeeks INSTAGRAM: / danielleemeeks TUMBLR: / danielleemeeks VINE: https://vine.co/u/1054292958427721728 YOUTUBE: / danielleemeeks -TAGS- Anime Studio Pro 12, Moho Studio Pro 12, Unity 2017, SCOTUS, SUPREME COURT OF THE UNITED STATES, cartoon, animation, animated, John G. Roberts, Anthony M. Kennedy, Clarence Thomas, Ruth Bader Ginsburg, Stephen G. Breyer, Samuel Anthony Alito, Sonia Sotomayer, Neil M. Gorsush, Brett M. Kavanaugh