Study Aids
Case Briefs Overview
Casebooks
Case Briefs
S

SEC v. U.S. Environmental, Inc.

155 F.3d. 107 (1998)

From our private database of 46,500+ case briefs, written and edited by humans—never with AI.

SEC v. U.S. Environmental, Inc.

United States Court of Appeals for the Second Circuit
155 F.3d. 107 (1998)

KS

Facts

The Securities and Exchange Commission (SEC) (plaintiff) charged John Romano (defendant) with market manipulation in a scheme to manipulate the price of U.S. Environmental, Inc. Romano was a trader and registered representative of a broker-dealer, Castle Securities Corporation (Castle). Castle agreed to manipulate the stock of U.S. Environmental, Inc. under the direction of Mark D’Onofrio, the stock’s promoter. While Romano did not design or instigate the plan to manipulate the stock price of U.S. Environmental, he did execute the buy and sell orders as directed by D’Onofrio. When executing D’Onofrio’s orders, Romano knew or was reckless in not knowing that the purpose of the transactions was to inflate the market for U.S. Environmental stock. Romano argued that because he did not share the D’Onofrio’s purpose in wanting to manipulate the U.S. Environmental stock, he was not liable for market manipulation. The district court dismissed the case, determining that Romano was not liable, and the SEC appealed.

Rule of Law

Issue

Holding and Reasoning (Walker, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 832,000 law students since 2011. Some law schools even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

    Learn about our approachRead more about Quimbee

Here's why 832,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 46,500 briefs, keyed to 994 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 832,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 46,500 briefs - keyed to 994 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership

Casebooks

Securities Regulation

Key Terms