Wall Street firms accused of fraud often use the “sophisticated client” defense, arguing that their customers would not have been misled by slick marketing, Peter J. Henning writes in the White Collar Watch column.
By PETER J. HENNING, NY Times: Business
Mon, 07/28/2014 - 1:06pm
Wall Street firms accused of fraud often use the “sophisticated client” defense, arguing that their customers would not have been misled by slick marketing, Peter J. Henning writes in the White Collar Watch column.