US securities lawyers warn of renewed SEC threat ahead of key ABA vote
July 16, 2003 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
The American Bar Association (ABA) is locked in a high stakes game of brinkmanship that looks set to determine whether market regulators will push through controversial proposals forcing US lawyers to whistle-blow on their clients.
The row, which centres on the Securities and Exchange Commission’s (SEC’s) ‘noisy withdrawal’ proposals, is pitting the ABA against the powerful regulator with senior lawyers pointing to a key vote at the ABA’s annual conference on 12 August.
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