Legal Opinion
Securities & Exchange Commission v. Merchant Capital, LLC
Court of Appeals for the Eleventh Circuit
Decided April 4, 2007No. 06-10353PublishedCited by 95 opinions
1Opinion of the Court
ANDERSON, Circuit Judge:
The SEC brought this enforcement action against defendants Steven Wyer, Kurt Beasley, and Merchant Capital, LLC (“Merchant”), alleging violations of the registration and antifraud provisions of the federal securities laws. Wyer and Beasley, through Merchant, sold interests in twenty-eight registered limited liability partnerships (“RLLPs”) to 485 persons. The SEC asserted that these interests were “investment contracts” within the meaning of the federal securities laws, and that the defendants had committed securities fraud in marketing the interests. The district…
2Cases cited39 opinions
- Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Charles Kowal v. MCI Communications CorporationCourt of Appeals for the D.C. Circuit · 1994
- John D. Williamson, Plaintiffs-Appellants-Cross v. Gordon G. Tucker, Defendants-Appellees-CrossCourt of Appeals for the Fifth Circuit · 1981
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3Cited by95 opinions
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