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Caught in Traffic: The Scope of the SEC’s Extraterritorial Authority  


Author:  Sarah L. Cave.


Source: Volume 51, Number 03, February 1 2018 , pp.31-35(5)




Review of Securities & Commodities Regulation

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Abstract: 

In Traffic Monsoon, the district court confronted the question whether the federal securities laws applied to sales of unregistered securities to foreign purchasers. The author discusses the case, focusing on the tests for extraterritorial reach of the securities laws in the Dodd-Frank Act and in the Supreme Court’s Morrison decision.

Keywords: Morrison v. National Australia Bank Ltd; Section 929P(B) of Dodd-Frank; Conduct-and-Effects and Transactional Tests

Affiliations:  1: Hughes Hubbard & Reed LLP.

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