United States Fourth Circuit

Where defendant's fraudulent actions were not sufficiently connected with a securities transaction, federal securities laws do not reach a claim for the theft or conversion of a security from a brokerage account.

Appellate Information

• Argued 10/30/2000
• Decided 01/26/2001
• Published 01/26/2001

Judges

• Before WILKINSON, Chief Judge, and MICHAEL and TRAXLER, Circuit Judges.

Court

• United States Fourth Circuit

Counsel

• For Appellees:
  
• ARGUED:  Erin J. Roth, Student Counsel, Appellate Litigation Program, Georgetown University Law Center, Washington, DC, for Appellant.   Melinda Hardy, Assistant General Counsel, Securities and Exchange Commission, Washington, DC, for Appellee.   ON BRIEF:  Steven H. Goldblatt, Director, Lisa M. Porcari, Supervising Attorney, Robert L. Jacobson, Student Counsel, Appellate Litigation Program, Georgetown University Law Center, Washington, DC, for Appellant.  David M. Becker, General Counsel, Meyer Eisenberg, Deputy General Counsel, Richard M. Humes, Associate General Counsel, Philip J. Holmes, Attorney-Fellow, Securities and Exchange Commission, Washington, DC, for Appellee.