The question of extraterritorial reach under Section 10(b) was resolved by the Supreme Court’s decision in Morrison v. National Australia Bank Ltd., 561 U.S. 247 (2010). There the Court concluded that the federal securities laws do not apply to extraterritorial …
Tag: Morrison
Sixth Circuit Concludes Morrison Does Not Apply To Advisers Act
In Morrison v. National Australia Bank, Ltd., 561 U.S. 247 (2010) the Supreme Court held that the reach of Exchange Act Section 10(b) is the water’s edge of the United States. Specifically, the court held that the Section only provides …
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