# kaal:claim:1765901-006

**Claim.** Section 30 of the Exchange Act is Congress's only articulation of the extraterritorial reach of Section 10(b), and Congress did not intend the Exchange Act to have extraterritorial effect beyond that provision.

**Type.** condition  **Support.** argued

**Holds when.**

- Exchange Act antifraud provisions

**Source quote.**

> The Morrison opinion also makes it clear that Con- gress did not intend the extraterritorial effect of the Exchange Act to go beyond the specific provisions of Section 30, which is Congress's only artic- ulation of the extraterritorial reach of Section 10(b)?2.

**From.** Kaal and Painter, *The Aftermath of Morrison v. National Australia Bank and Elliott Associates v. Porsche* (2011), II. Open Questions After Morrison; 1. Does Section 10(b) Apply to Dually Listed Securities?, page 6

**Cite as.** Kaal and Painter, The Aftermath of Morrison v. National Australia Bank and Elliott Associates v. Porsche (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1765901

**Verify.** sha256 of source PDF `7b08b8a15f7d72b4eeed41be2d17c20428cb4727269077a6575c5d22e31ecdc5` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Painter%20-%202011%20-%20The%20Aftermath%20of%20Morrison%20v.%20National%20Australia%20Bank%20and%20Elliott%20Associates%20v.%20Porsche.pdf

**Topics.** defi

**Keywords.** section-30, congressional-intent, extraterritoriality, exchange-act

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