Weiss: SEC Trying to Expand Lawyer Liability

Hume, Lynn
May 2006
Bond Buyer;5/31/2006, Vol. 356 Issue 32392, p1
Trade Publication
The article presents information on a petition that questions the U.S. Securities and Exchange Commission's ruling regarding the issue of securities fraud against Weiss in an appeal court in the United States. The lawyers argue that the commission is trying to expand lawyer liability through this ruling and is trying to make Weiss a guarantor of an issuer's compliance with the law. They adds that the commission is faulty in its findings regarding Weiss that he is primarily liable for misstatements in the issuer's official statement.


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