Posted On: 06/02/2014 2:50:56 PM
Post# of 56323
I like this part (bashers spreading lies and misinformation better watch out):
Section 20(b) avoids the obstacle thrown up by the Janus opinion and, as Ms. White pointed out, lets the S.E.C. “reach those who have participated in disseminating false or misleading information to investors through offering materials, stock promotional materials, or earnings call transcripts.”
This provision may even allow the S.E.C. to go beyond just misleading disclosures to pursue individuals in other types of cases.
Section 20(b) avoids the obstacle thrown up by the Janus opinion and, as Ms. White pointed out, lets the S.E.C. “reach those who have participated in disseminating false or misleading information to investors through offering materials, stock promotional materials, or earnings call transcripts.”
This provision may even allow the S.E.C. to go beyond just misleading disclosures to pursue individuals in other types of cases.
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