PAPER CHASE NEWSBURSTDigest RSS feedFull RSS feed
Serious law. Primary sources. Global perspective.
 Listen to Paper Chase!


Tuesday, January 13, 2004

Supreme Court says fixed return investment schemes subject to SEC rules
Bernard Hibbitts at 11:35 AM ET

From the anchor desk... In its third decision handed down this morning, the US Supreme Court has ruled that an investment scheme promising a fixed rate of return can be an “investment contract” and thus a “security” subject to the federal securities laws. The case is Securities and Exchange Commission v. Edwards (case backgrounder from Duke Law School's Program in Public Law). Cornell's Legal Information Institute has posted today's decision here.



Link | |  | print | subscribe | RSS feeds | latest newscast | Facebook page

For more legal news check the Paper Chase Archive...


Get JURIST legal news delivered daily to your e-mail!

'); echo "\n"; ?>
LATEST FORUM

ABOUT

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.

CONTACT

Paper Chase welcomes comments, tips and URLs from readers. E-mail us at JURIST@pitt.edu