United States Bankruptcy Appellate Panel for the Ninth Circuit February 23, 1998, BAP No. CC-96-2167-HaJO, Bankruptcy No. SA 95-15228-JB, Adversary No. SA 95-01975-JB (Securities Exchange Commission v. Cross (In Re Cross))

OPINION

HARGROVE, Bankruptcy Judge.

The Securities Exchange Commission (“Commission”) appeals the bankruptcy court’s order dismissing its § 523(a)(2)(A) action against Douglas S. Cross (“Debtor”) on the grounds that it did not have standing. WE REVERSE AND REMAND.

I.

FACTS

In 1993, Debtor, as president, secretary, and sole shareholder of Cross Financial Services, Inc.