TITLE

AIDING AND ABETTING, A MADOFF FAMILY AFFAIR: WHY SECONDARY ACTORS SHOULD BE HELD ACCOUNTABLE FOR SECURITIES FRAUD THROUGH THE RESTORATION OF THE PRIVATE RIGHT OF ACTION FOR AIDING AND ABETTING LIABILITY UNDER THE FEDERAL SECURITIES LAWS

AUTHOR(S)
Nunziato, Melissa C.
PUB. DATE
May 2010
SOURCE
Albany Law Review;2010, Vol. 73 Issue 2, p603
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discloses the concept that secondary actors of a securities fraud must be punished in accordance to the U.S. Federal Security legislation. The concept has emerged since December 2008, when Bernard L. Madoff claimed that he operated a Ponzi scheme that aims to pursuade clients to invest their money. The article concludes that the U.S. Congress must revive the right of private litigants to have aiding and abetting claims to deter future fraudulent cases in the U.S. financial sector.
ACCESSION #
54020828

 

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