Tag: Section 10(b)

In Morrison v. National Australia Bank, Ltd., 130 S.Ct. 869 (2010) the Supreme Court circumscribed the reach of Exchange Act Section 10(b), limiting it to the water’s edge. Unless the purchase or sale of the security is made within the …

The Reach of the SEC – The Hong Kong Exchange Read More »

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The Eighth Court held that a person who pleads guilty to a criminal violation of Section 10(b) and Rule 10b-5 is entitled at sentencing to invoke the “no knowledge” provision of Exchange Act Section 32(a) to try and avoid a …

THE “NO KNOWLEDGE” DEFENSE APPLIES TO A CRIMINAL 10(b) CHARGE Read More »

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