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I believe the answer was in the Oxford judgement you provided all along McLovin.


It is not to the point that the defendants did not advise a client as to particular transactions, as for example whether to buy, sell or hold a particular security. It is sufficient that their system would "influence" such a decision, in the sense of making available information, and a system of analysing that information, which would be seen by a recipient as relevant to the making of a decision.


This is Judge Herrey's interpretation of the act. This judgement was handed down in 2008, so it is recent and relevant.


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