Since a priority for the Commission’s Enforcement Program is retail investors, a key area of focus is microcap fraud. Recently the agency filed two related microcap fraud actions centered on an FBI sting operation. SEC v. Beaufort Securities Litd., Civil …
Year: 2018
Supreme Court: Certain Securities Class Actions to Remain in State Court
The Supreme Court concluded that a securities class action based solely on claims arising under the Securities Act can proceed in state court and can not be removed to federal court. In reaching its conclusion the Court rejected the position …
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