Circuits Split Over Whether Targeting Is Necessary for Seller Liability - Key Points - - While courts have long held that solicitations must be tailored to.
While courts have long held that solicitations must be tailored to a particular audience to precipitate statutory seller liability, recent decisions…
In Pino v. Cardone Capital, LLC, 2022 U.S. App. LEXIS 35278 (9th Cir. Dec. 21, 2022), the United States Court of Appeals for the Ninth Circuit (Lynn, J.) joined with the Eleventh.
In Pino v. Cardone Capital United States Court of Appeals for the Ninth Circuit joined Eleventh Circuit holding person may qualify as statutory seller under Section 12a2 of Securities Act of 1933 by promoting sale of security in mass communications made on social media.