Securities Exchange Act

If you've tired of hearing campaign promises about tax cuts, repeal of tax cuts, extension of tax cuts, tax cuts for the middle class, tax cuts for income over $250,000 a year, and the like — relax.  Let Blawgletter tell you about an entirely other subject:  tax avoidance.

And not just any kind of tax

Today, the U.S. Supreme Court twice took a narrow view of liability under federal law for fraudulent conduct.

In one case, the Court held that section 10(b) of the Securities Exchange Act of 1934 doesn't apply to overseas purchases and sales of securities.  That the fraud started in or affected the U.S. didn't defeat the