Legal Opinion
Alabama Securities Com'n v. ABC
Court of Civil Appeals of Alabama
Decided November 6, 1992No. 2910360PublishedCited by 5 opinions
1Opinion of the Court
The Alabama Securities Commission (Commission) issued a temporary cease and desist order to the American Business Club (ABC) and J.F. Straw, based on the belief that ABC and Straw were offering unregistered, non-exempt securities into or within the State of Alabama in violation of the Alabama Securities Act. ABC requested and was granted a hearing before the Commission several months later. The Commission considered whether the memberships of ABC offered into or within the State of Alabama were securities in the form of an investment contract or evidence of indebtedness.
The Commission's staff…
2Cases cited5 opinions
- Securities & Exchange Commission v. SloanSupreme Court of the United States · 1978
- Marley v. CannonSupreme Court of Oklahoma · 1980
- Benton v. Ala. Bd. of Medical ExaminersSupreme Court of Alabama · 1985
- Robinson v. City of MontgomerySupreme Court of Alabama · 1986
- Allen v. HawesCourt of Civil Appeals of Alabama · 1988
3Cited by5 opinions
- S.H.J. v. State Department of RevenueCourt of Civil Appeals of Alabama · 1995
- Auburn Medical Center, Inc. v. PetersDistrict Court, M.D. Alabama · 1996
- DIRECTOR, STATE DEPT. OF IND. RELATIONS v. Gulf Caribe Maritime, Inc.Court of Civil Appeals of Alabama · 2004
- Alabama Securities Com'n v. ABCCourt of Civil Appeals of Alabama · 1992
- Director, State Department of Industrial Relations v. Gulf Caribe Maritime, Inc.Supreme Court of Alabama · 2005