Limits of Federal Securities Jurisdiction
Jurisdiction under the federal securities laws, 15 USC §§ 77v and 78aa, does not extend to state law claims brought by a receiver to collect the proceeds of securities violations, under Judge Jerry Buchmeyer's decision in Warfield v. Arpe, 2007 U.S. Dist. LEXIS 12177 (N.D. Tex. Feb. 22, 2007).
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