41.   But in the final months of the year, he was prohibited by securities law from doing so because he was involved in acquisition talks.

42.   But it may be the best the department can do on the short notice given under the security law passed last November, Mica said.

43.   But it was the Jennings and Marsh casebook that allowed securities law to become a standard element of legal education.

44.   But more important, I think, was the fact that the Gingrich-controlled Congress undertook to gut the federal securities law that protected people from fraud.

45.   But in October a federal court in Washington ruled that the sales of similar memberships in limited liability companies were unregistered securities that violated securities laws.

46.   But national security laws stretching back to the Cold War prohibit the export of software with strong encryption.

47.   But others, like Barings, have not invested the money to insure compliance with securities laws and appropriate management of risk.

48.   But that tradition had been shaped largely by state and federal securities laws, which exempted exchange-listed companies from various filing requirements.

49.   But the military and police are not the only ones to invoke the national security law.

50.   But the SEC contends that he committed more serious violations of securities laws.