BUS LAW - CASE ANALYSIS 3 - ASHWORTH COLLEGE.

Securities and Exchange Commission v. Edwards 1 C12 - Business Law Case Analysis 3 Securities and Exchange Commission v. Edwards Summarize the facts of the case Charles Edwards ran the company ETS Payphones Inc. in multiple roles such as the Chief Operating Officer, chair of the board and sole shareholder. ETS Payphones Inc. sold payphones to the general public while partially acting through subsidiary, which also happens to be controlled by Edwards. ETS offered customers a package with a total cost of US$7,000 including various agreements such as a site lease, a five-year leaseback and management agreement and a buyback agreement. The company promises that each purchaser will receive 14% of their annual return monthly, which equates to $82 per month with an