U.S. Securities and Exchange Commission building in Washington. Photo: Diego M. Radzinschi/ALM SEC's Cases Against Dealers Could Lead to the Supreme Court, Securities Lawyers Say
"I wouldn't be surprised if there were some challenges that argued that the SEC had stretched the meaning of the term dealer too far in this particular case," said attorney Mark Perlow.
July 31, 2023 at 06:31 PM
6 minute read
The U.S. Securities and Exchange Commission is testing in multiple court cases the breadth of who qualifies as a securities "dealer" under federal law, even as the agency has proposed expanding its own definition of dealers.
Securities attorney said these cases addressing the scope of the 1934 Securities Exchange Act could reach the U.S. Supreme Court.
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