Fed. Sec. L. Rep. P 94,710 Securities and Exchange Commission v. Koscot Interplanetary, Inc.

How courts have described this case

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

• concluding that the purchaser’s “act of consummating a sale is essentially a ministerial not managerial one”
• concluding that the purchaser’s “act of consummating a sale is essentially a ministerial not managerial one”
• concluding that the purchaser’s “act of consummating a sale is essentially a ministerial not managerial one”
• holding schemes in which promoters retain essential managerial control over essential managerial functions of enterprise and where investors’ realization of profits is inextricably tied to success of a promotional pyramid scheme constituted security
• holding schemes in which promoters retain essential managerial control over essential managerial functions of enterprise and where investors’ realization of profits is inextricably tied to success of a promotional pyramid scheme constituted security
• \that an investor's return is independent of that of other investors in the scheme is not decisive\

Source: CourtListener parenthetical corpus (CC0).