kaal:claim:2811718-030

Funds that promise due diligence with no intention of actually carrying it out violate federal securities laws rather than merely breaching a contract.

Source quote, verbatim

but it has been held that funds that promise due diligence and yet have no intention of actually carrying it out are violating federal securities laws rather than breaching basic contracts.

From

Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016), III.B.3. Impact of the Madoff Ponzi Scheme, p. 46
https://ssrn.com/abstract=2811718 · source PDF

Cite as

Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718

Holds when

In re J.P. Jeanneret Associates
promises made without intent to perform

Classification

conditionsupport: evidencedsecurities-lawlaw-and-legal-systems

Verify

The quote above is an exact substring of the source PDF, whose sha256 is b52152af561288173840a1cabbcf8f4b337e73507c856ee01600799073f4156f. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/67a93b8ef2b38345...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2811718-030.md | sha256sum