Abstract
In Central Bank v. First Interstate Bank, the Supreme Court held that no private cause of action for aiding and abetting securities fraud exists under section 10(b) of the Securities Exchange Act of 1934. This decision signals an end to secondary liability for fraudulent conduct under federal securities laws. This Note analyzes the elements of aiding and abetting liability prior to Central Bank, the Court's decision and its ramifications on the liability of securities professionals.
How to Cite
39 Ariz. L. Rev. 343 (1997)
3
Views
1
Downloads