context: As stated earlier in this decision, the SIPA definition of a customer should be construed narrowly.
citation_a.signal: no signal
citation_a.identifier: 295 F.3d 1108, 1108, n. 7
citation_a.parenthetical: customer status under SIPA requires a claimant to prove intent to invest in a security, as that term is defined by SIPA
citation_a.sentence: Corp., 295 F.3d at 1108, n. 7 (customer status under SIPA requires a claimant to prove intent to invest in a security, as that term is defined by SIPA). Such a narrow reading is further supported by the fact that research “guidance” may be used as a basis not to purchase a security at all or to make an investment that does not qualify for SIPA protection.
citation_b.signal: see
citation_b.identifier: 223 F.3d 1305, 1305
citation_b.parenthetical: "[A] deposit of funds with only the vaguest instructions to make 'stock market investments' would not qualify as a deposit 'for the purpose of purchasing securities.' "
citation_b.sentence: See Old Naples Secs., 223 F.3d at 1305 (“[A] deposit of funds with only the vaguest instructions to make ‘stock market investments’ would not qualify as a deposit ‘for the purpose of purchasing securities.’ ”) (citation omitted).