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Business Organizations Keyed to Smith
Securities and Exchange Commission v. Zandford
Citation:535 U.S. 813 (2002)
Wood hired Zandford to manage his financial assets , particularly for Wood’s disabled daughter. Zandford , apparently, mis-managed Wood’s assets, as his savings were depleted. The SEC brought suit against Zandford, alleging he invested Wood’s savings for his own personal interest. Zandford maintained the investments were unrelated to his management of Wood’s securities.
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