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Try CasePortal for FreeJ. Holmes finds that the lower court properly found against a series of salepersons and their affiliates who sold solar lenses to investors that were later alleged by the government to be a part of a solar energy tax scheme. Individuals and entities that were paid commissions for selling those lenses were then sued with fraudulent transfer and unregistered sales of securities claims by a court-appointed receiver. The lower court properly ordered those who received commissions to pay disgorgement. The solar lens scheme was an investment contract subject to securities laws that required them to be registered under the law, which they were not. And because the commission payments were based on illegal contracts that broke those securities laws, returning those payments was the correct remedy. Affirmed.