Authorities Cited: United States Code 15 U.S.C. § 77(d)(1) Code of Federal Regulations 17 C.F.R. § 230.144(a)(1) 17 C.F.R. § 230.144(b) 17 C.F.R. § 230.144(c) 17 C.F.R. § 230.144(d)(1) 17 C.F.R. § 230.144(j) 17 C.F.R. § 230.144(k) Supreme Court 328 U.S. 293, 298-300 346 U.S. 119, 124 477 U.S. 242, 248 Circuit Courts 474 F.2d 476, 481-482 575 F.2d 692, 699 858 F.2d 515, 518 97 F.3d 1276, 1295 142 F.3d 1186, 1191 274 F.3d 1225, 1231 425 F.3d 143, 148-150 445 F.3d 105 626 F.3d 633, 655