Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In a case that alters the landscape of aider and abettor liability, the 2nd Circuit has just made it easier for the Securities and Exchange Commission (SEC) to civilly prosecute aiders and abettors of securities fraud by clarifying the standard for “substantial assistance.” According to the court’s logic, because the goal of SEC enforcement actions is deterrence, not compensation of a specific injured individual, the more strict proximate cause standard for civil plaintiffs should not be used to create a road bump in the SEC’s path.

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2017 ALM Media Properties, LLC. All Rights Reserved.