S.1551 - Liability for Aiding and Abetting Securities Violations Act of 2009

A bill to amend section 20 of the Securities Exchange Act of 1934 to allow for a private civil action against a person that provides substantial assistance in violation of such Act. view all titles (2)

All Bill Titles

  • Official: A bill to amend section 20 of the Securities Exchange Act of 1934 to allow for a private civil action against a person that provides substantial assistance in violation of such Act. as introduced.
  • Short: Liability for Aiding and Abetting Securities Violations Act of 2009 as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
07/30/09
 
 
 
 
 
 
 

Official Summary

Liability for Aiding and Abetting Securities Violations Act of 2009 - Amends the Securities Exchange Act of 1934 to subject to liability in a private civil action any person that knowingly or recklessly provides substantial assistance to another person (aids and abets) in violation of such Act.


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