Quotes · Quote card
Quotation from SEC v. Edwards by Supreme Court of the United States
“Under the reading respondent advances, unscrupulous marketers of investments could evade the securities laws by picking a rate of return to promise.”
SEC v. Edwards, Opinion of the Court (Justice O'Connor), Part II (U.S. Reports text (Legal Information Institute))
Justice O'Connor identifies the loophole the Eleventh Circuit's rule would create.
Citation: "Under the reading respondent advances, unscrupulous marketers of investments could evade the securities laws by picking a rate of return to promise." — Supreme Court of the United States, SEC v. Edwards, Opinion of the Court (Justice O'Connor), Part II (U.S. Reports text (Legal Information Institute)). (id sec-v-edwards-q4)
Portrait: Sandra Day O'Connor crop, Library of Congress (Transferred by Sven Manguard,, Public domain.
