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Authors

Jay Sheen

Abstract

The process of federal securities law enforcement is currently in a state of flux. In the past, private litigation based on implied causes of action provided a valuable supplement to the Securities and Exchange Commission's enforcement of the securities laws. Today, because of stricter standing requirements, it is difficult for private plaintiffs to get into court. Indeed, the very availability of implied private rights of action under numerous provisions of the securities laws is in doubt.

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