What are the elements of a securities fraud case?
MultiRegion, United States of America
The following excerpt is from S.E.C. v. Seaboard Corp., 677 F.2d 1301 (9th Cir. 1982):
At least one court has enumerated its elements as being: (1) some other party has committed a securities law violation, (2) the accused party had general awareness that his role was part of an overall activity that is improper, and (3) the accused knowingly and substantially assisted the violation. Woodward v. Metro Bank of Dallas, 522 F.2d 84, 94-5 (5th Cir. 1975) (citations omitted). 12
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