OPINION OF THE COURT
JAMES HUNTER, III, Circuit Judge:
This case involves the interpretation of the federal securities laws to determine whether there is federal jurisdiction to hear John Lino's complaint.
Lino purchased two "Franchise Sales Center Licensing Agreements" from Franchise International ("FI"), a wholly-owned subsidiary of City Investing. Payment was made with cash and several promissory notes. He now contends that he was induced to purchase...
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