Filter by category
Understanding Materiality in Securities Fraud
Title 18 Section 1348 “Materiality” Standard as compared with Title 15 securities fraud cases.
Materiality Standards: Comparing SEC and Federal Fraud Laws
Prosecutors frequently argue that 18 USC 1348 (Title 18 securities fraud) has a lower materiality standard than Title 15 securities fraud (10b-5). This blog post argues that there is little reason for courts to impose a lower materiality standard for the same conduct.