Securities Fraud Liability of Secondary Actors

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

Additional Materials:


Office of Public Affairs
(202) 512-4800

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.

Mar 22, 2018

Mar 16, 2018

Mar 15, 2018

Feb 27, 2018

Feb 26, 2018

Jan 30, 2018

Dec 8, 2017

Dec 7, 2017

Looking for more? Browse all our products here