Multiple Choice
The Private Securities Litigation Reform Act mandated that:
A) plaintiffs could proceed with minimal evidence of fraud.
B) only the SEC could pursue claims against third parties not directly responsible for a securities law violation.
C) the PCAOB was given the authority to decide whether third parties not directly responsible for a securities law violation were nevertheless involved so closely with the violation that they could have claims pursued against.
D) private plaintiffs who suffered injury could maintain private causes of action against third parties not directly responsible for a securities law violation.
E) the FTC could pursue claims against third parties not directly responsible for a securities law violation.
Correct Answer:
Verified
Correct Answer:
Verified
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