United States:
‘‘We Intend To Resolve the Ambiguities’’: The SEC Issues Some Surprising Guidance On Fraud Liability In The Wake Of Janus
03 February 2015
WilmerHale
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The Securities and Exchange Commission recently issued what
could be its most consequential adjudicatory opinion in years. In
that opinion, the Commission purports to resolve many of the
interpretive questions regarding the scope of antifraud liability
that have arisen in the wake of the Supreme Court's decision in
Janus Capital Group v. First Derivative
Traders.1
1 131 S. Ct. 2296 (2011).
Originally published in Bloomberg BNA's Securities
Regulation & Law Report, February 2, 2015.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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