In Latta v. Rainey the courts held that while the investment sold by Rainey was a money loser, he did not engage in misrepresentation so could not be liable for losses.

Name: In Latta v. Rainey the courts held that while the investment sold by Rainey was a money loser, he did not engage in misrepresentation so could not be liable for losses.
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The courts in Latta v. Rainey found that Rainey did engage in misrepresentation, which made him liable for the investment losses.

In Latta V