Legal Opinion
Securities & Exchange Commission v. Koscot Interplanetary, Inc.
District Court, N.D. Georgia
Decided April 19, 1973No. Civ. A. 17134PublishedCited by 5 opinions
1Opinion of the Court
SIDNEY 0. SMITH, Jr., Chief Judge.
The Securities and Exchange Commission seeks an injunction against violation of the federal securities laws and other relief. More specifically, the SEC wishes to bar defendants from marketing their products through a program which the SEC characterizes as a' pyramid-selling scheme. The Commission urges that the sale of an opportunity to participate in such a pyramiding operation amounts to selling a security within the meaning of the Securities Act of 1933 and Securities Exchange Act of 1934 and that as securities they are unregistered and sold in misleading…
2Cases cited21 opinions
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Tcherepnin v. KnightSupreme Court of the United States · 1967
- Fed. Sec. L. Rep. P 93,748 Securities and Exchange Commission v. Glenn W. Turner Enterprises, Inc.Court of Appeals for the Ninth Circuit · 1973
- D. H. Roe and Stratoray Oil, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1961
- State v. Gopher Tire & Rubber Co.Supreme Court of Minnesota · 1920
16 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Fed. Sec. L. Rep. P 94,710 Securities and Exchange Commission v. Koscot Interplanetary, Inc.Court of Appeals for the Fifth Circuit · 1974
- Guernsey v. Rich Plan of the MidwestDistrict Court, N.D. Indiana · 1976
- In re Glenn W. Turner Enterprises LitigationUnited States Judicial Panel on Multidistrict Litigation · 1974
- Villeneuve v. Advanced Business Concepts Corp.Court of Appeals for the Eleventh Circuit · 1983
- Villeneuve v. Advanced Business Concepts CorporationCourt of Appeals for the Eleventh Circuit · 1983