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International Law

: Trade Regulation Talk

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Consumer Class Action Against Investment Firm Preempted by Securities LawThis posting was written by Jody Coultas, Editor of CCH State Unfair Trade Practices Law.An investor?s California Unfair Competition Law (UCL) claims?based on alleged misrepresentations made by investment company Charles Schwab?were preempted by the Securities Litigation Uniform Standards Act of 1998 (SLUSA), and the investor could not seek diminution-in-share value as a remedy, according to the federal district court in Sa read more

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Full post as published by Trade Regulation Talk on March 17, 2011 (boomark / email).

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