Professor Colombo and the amici argue that the jurisdictional reach of the primary antifraud provision of the 1934 Securities Exchange Act (Section 10(b)) does not extend to persons who purchase or sell securities outside the United States. The amici argue that both original intent and policy reasons support this more narrow reading of Section 10’s jurisdictional scope.
You may also like
About the author
To submit a news story, or request an interview with one of Hofstra Law's faculty experts, please contact Andrew Berman, assistant dean for communications, at email@example.com.