Federal Case

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that, in assessing whether markups on municipal bonds are excessive, “courts should begin with the factors set forth under MSRB (Municipal Securities Rulemaking Board) Rule G—30.”
• \A broker-dealer commits fraud (in violation of S 10(b) and Rule 10b-5) by charging customers excessive markups without proper disclosure.\
• \A broker-dealer commits fraud (in violation of S 10(b) and Rule 10b-5) by charging customers excessive markups without proper disclosure.\
• although reasonableness of a broker's markup is a fact-specific inquiry, ‘‘[i]t appears to be agreed that markups for equity securities generally should not exceed five percent of the prevailing market price.”
• 10b-5 fraud is committed by “charging customers excessive markups without proper disclosure.”

Source: CourtListener parenthetical corpus (CC0).