The decision reinforces a core rule of the justice system: legal representation is not endorsement. Regulators must draw a clear line between advising a client and facilitating wrongdoing. Acting lawfully for a client even one later exposed as fraudulent does not, without more, amount to professional misconduct.
Professional Independence - Regulatory Limits - Rule of Law
‘cryptoqueen’ [Part 2]
Legal Significance
The decision reinforces a core rule of the justice system: legal representation is not endorsement. Regulators must draw a clear line between advising a client and facilitating wrongdoing. Acting lawfully for a client even one later exposed as fraudulent does not, without more, amount to professional misconduct.
Professional Independence - Regulatory Limits - Rule of Law