Unclear Words, Clear Intent: Tenth Circuit Revives Extraterritorial Application of Federal Securities Laws
Recently, in SEC v. Scoville, the U.S. Court of Appeals for the Tenth Circuit held that the Dodd-Frank Act authorized extraterritorial enforcement of federal securities laws’ antifraud provisions by the government. This case is particularly notable in that it is the first circuit court case to clarify the ambiguous relationship between the Supreme Court’s rejection […]