Section 17(a) is a key anti-fraud provision in the Securities Act. It provides for liability for fraudulent sales of securities. Some courts have found an implied right of private action under this provision, though this is becoming a less favored position. However, some courts continue to accept private suits under this provision. Section 17(a) makes it unlawful to “employ any device, scheme, or artifice to defraud”, “obtain money or property” by using material misstatements or omissions, or to “engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser.” This provision is closely tracked by Section 10b of the Securities Exchange Act and Rule 10b-5, which is used more widely by investors suing for fraud.
Has any of the victims read the SEC section 17(a)of the securities act of 1933???
This fits Karen Hanover activities perfectly. In the Las Vegas Boot-camp Karen sold us the fast track program as a guaranteed ownership of commercial real estate property but later on we all learned we were scammed by her and non existed. Well Guess what ??? just read this code.. If any want likes to speak to SEC please contact me ( Ali ) Email: email@example.com
Admin – post on behalf of Ali