Fraud -- Prevention, Accomplices, Janus Distributions LLC, United States. Supreme Court, Securities -- United States, Executives' liability
The article discusses the Rule 10b-5 as a private method to limit the fraud-deterrence in the security for sales or purchase under the U.S. Securities Exchange Act. It mentions that the U.S. Supreme Court rejected the rule 10b-5 private actions liability for aiding and abetting. It states that the mutual fund company Janus Distribution LLC is responsible for the limitation of prevention of fraud because of escaping liability to the corporate officers for their unattributed misstatements.
When Will It Finally End: The Effectiveness of the Rule 10b-5 Private Action as a Fraud-Deterrence Mechanism Post-Janus,
73 La. L. Rev.
Available at: https://digitalcommons.law.lsu.edu/lalrev/vol73/iss2/10