LIABILITIES UNDER THE FEDERAL SECURITIES LAWS
This outline deals with certain of the liability provisions of the federal securities laws: §§ 11, 12, 15 and 17 of the Securities Act of 1933 (the Securities Act), and §§ 10, 18 and 20 of the Securities Exchange Act of 1934 (the Exchange Act). It does not address other potential sources of liability and sanction, such as federal mail and wire fraud statutes, state fraud statutes and common law remedies, RICO and the United States Securities and Exchange Commission’s (SEC) disciplinary powers.
On December 22, 1995, the Private Securities Litigation Reform Act of 1995 (the Reform Act or PSLRA) became law after the Senate overrode President Clinton’s veto. Pub. L. No. 104-67, 109 Stat. 737. Where relevant, this outline discusses changes and additions that the PSLRA made to the liability provisions of the Securities Act and the Exchange Act.
More articles on Securities Alerts and Issues can be found in our Securities Alerts: SEC & FINRA Section
Subscribe for News
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.