BREYER, Chief Judge.
The question on this appeal is whether the appellant's complaint states a claim for fraud under the federal securities laws, 15 U.S.C. § 78j(b), a claim that she must plead "with particularity." Fed.R.Civ.P. 9(b). The district court held that it did not, and it dismissed the complaint.
I
The Allegations
The plaintiff (and appellant...
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