Holderman v. Columbus Skyline Securities, Inc.

This case presents the court with the issue of whether R.C. 1707.01(J) gives intrastate securities dealers adequate notice that fedéral case law may be applied to calculate the current market price of over-the-counter stock to determine if the conduct of a dealer is fraudulent. For the following reasons, we answer that question in the affirmative.

R.C. 1707.44(G), at the time relevant herein, provided that “[n]o person in selling securities shall knowingly engage in any act or practice which is, in sections 1707.01 to 1707.45 of the Revised Code, declared illegal, defined as fraudulent, or…