Legal Opinion
Securities & Exchange Commission v. Tambone
Court of Appeals for the First Circuit
Decided March 10, 2010No. 07-1384PublishedCited by 481 opinions
1Opinion of the Court
OPINION EN BANC
SELYA, Circuit Judge.
Rule 10b — 5(b), promulgated by the Securities and Exchange Commission (SEC) under the aegis of section 10(b) of the Securities Exchange Act of 1934 (Exchange Act), renders it unlawful “[t]o make any untrue statement of a material fact ... in connection with the purchase or sale of any security.” 17 C.F.R. § 240.10b-5(b). The issue before us is one of first impression. It turns on the meaning of the word “make” as used in Rule 10b-5(b). The SEC advocates an expansive definition, contending that one may “make” a statement within the purview of the rule by…
2Cases cited40 opinions
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- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- United States v. Ilario M.A. ZanninoCourt of Appeals for the First Circuit · 1990
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3Cited by481 opinions
- Ocasio-Hernandez v. Fortuno-BursetCourt of Appeals for the First Circuit · 2011
- Haley v. City of BostonCourt of Appeals for the First Circuit · 2011
- Schatz v. Republican State Leadership CommitteeCourt of Appeals for the First Circuit · 2012
- Rodriguez-Reyes v. Molina-RodriguezCourt of Appeals for the First Circuit · 2013
- Morales-Cruz v. University of Puerto RicoCourt of Appeals for the First Circuit · 2012
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