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RIA takes Dispute With Fidelity To The Supreme Court
FYI: A defunct registered investment adviser and two former clients locked in a legal battle with Fidelity Investments are appealing their case to the U.S. Supreme Court.
The petition involves allegations by now defunct AER Advisors that Fidelity lent out shares of stock owned by the RIA's clients, the father-and-son duo of William and Peter Deutsch, for purposes of short selling against the clients' wishes in 2012.
