Securities Fraud Liability of Secondary Actors

GAO-11-664: Published: Jul 21, 2011. Publicly Released: Jul 21, 2011.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

This report responds to the mandate in section 929Z of the Dodd-Frank Wall Street Reform and Consumer Protection Act directing GAO to study the impact of authorizing a private legal right of action against any person who aids or abets another in violation of the securities laws. The report includes a description of the legal and factual background of such "secondary actor" liability, as well as a summary of recent proposals to create this private right of action, arguments in favor of and against such proposals, and steps that have been identified to mitigate potential concerns with creating such liability.

Jul 25, 2019

Jun 7, 2019

May 23, 2019

May 14, 2019

May 9, 2019

May 3, 2019

Apr 12, 2019

Apr 10, 2019

Looking for more? Browse all our products here