kaal:claim:1664809-008

Section 7216 of the Wall Street Reform and Consumer Protection Act of 2009 would extend federal antifraud jurisdiction to conduct within the United States constituting significant steps in furtherance of a violation, even when the securities transaction occurs abroad and involves only foreign investors.

Source quote, verbatim

conduct within the United States that constitutes significant steps in furtherance of the violation, even if the securities transaction occurs outside the United States and

From

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010), 3. CONGRESS MAY SUBJECT NON-US SECURITIES TRANSACTIONS TO US SECURITIES LITIGATION, p. 3
https://ssrn.com/abstract=1664809 · source PDF

Cite as

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010). SSRN: https://ssrn.com/abstract=1664809

Holds when

if section 7216 is enacted in the form introduced

Classification

definitionalsupport: assertedlaw-and-legal-systems

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 2d5c8c30f969f8eb613bfa1fe6888a7cfa1a452e1027bcda0489618ceac62c20. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/7be51c839de54f21...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/1664809-008.md | sha256sum