REAVLEY, Circuit Judge:
Personal jurisdiction over the defendants was predicated on 15 U.S.C. § 78aa, which grants nationwide service of process to any federal court where "any act or transaction constituting the violation occurred." The district court, sitting in the Southern District of Texas, held that it lacked jurisdiction under § 78aa because no act constituting a violation of the 1934 Securities Exchange Act occurred in Texas. Furthermore, the court...
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