Securities and Exchange Commission v. Ambassador Church Finance/development Group Inc Securities Investor Protection Corporation D’s Empirical Analysis
679 F.2d 608 · 1982
Citation profile
10 federal appellate · 1 district ·
How this case has been cited
Cited by 32 later decisions — most recently February 2014 · most notably Appleton v. First National Bank of Ohio (1995), In Re Stalvey & Associates, Inc. (1985)
10 federal appellate · 1 district ·
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
Relationships
Relies on Rose v. Lundy · Consumer Product Safety Commission v. GTE Sylvania, Inc. · Richards v. United States · Reiter v. Sonotone Corp. · American Tobacco Co. v. Patterson
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 32 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“"... It is not likely that Congress, in seeking to protect the assets of small transaction customers of broker-dealers, intended to make eligibility for protection depend on whether the broker complied with rules of the SEC or practices of the trade. These are matters over which the broker has complete control. The trusting customer is not to be penalized for choosing a careless, unethical or dishonest broker. The primary purpose of the Act is to assure the unsophisticated participant in securities transactions that there is protection when a bad choice of brokers is made.””
3 later decisions quote this exact passage · from the majority“deposited cash with the debtor for the purpose of purchasing securities.”
2 later decisions quote this exact passage · from the majority“(2) Customer.--The term 'customer' of a debtor means any person (including any person with whom the debtor deals as principal or agent) who has a claim on account of securities received, acquired, or held by the debtor in the ordinary course of its business as a broker or dealer from or for the securities accounts of such person for safekeeping, with a view to sale, to cover consummated sales, pursuant to purchases, as collateral security, or for purposes of effecting transfer.”
1 later decision quote this exact passage · from the majority
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.