SEC v. Passos

District Court Applies Securities Fraud Provision to Foreign Transactions

Does § 10(b) of the Securities Exchange Act apply to securities on foreign exchanges? Generally, the answer is no. The Supreme Court held in Morrison v. National Australia Bank (2010) that § 10(b)—the Act’s principal antifraud provision—applies only to transactions on U.S. exchanges and to transactions in unlisted securities that occur in the United States….

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Ingrid (Wuerth) Brunk

Vanderbilt Law School
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William Dodge

George Washington University Law School
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Maggie Gardner

Cornell Law School
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John F. Coyle

University of North Carolina School of Law
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Victoria Pino

Vanderbilt Law School
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Robert Kry

MoloLamken LLP
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Rinat Gareev

Whitecliff Management
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León Castellanos-Jankiewicz

Institute for International and European Law
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Paul B. Stephan

University of Virginia School of Law
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Robin Effron

Brooklyn Law School
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