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- Title
The End of Securities Fraud Class Action?
- Authors
Booth, Richard A.
- Abstract
The author shares his insights on the effects of securities fraud class actions (SFCA) filed against publicly traded firms in the United States. He cites that the SFCA decreases investment profits. He stresses that there is no effect on diversified stockholders if the fraud does not involve insider trading. He states that outside investors could experience net loss if the company immediately sells stocks without revealing pertinent information. He recommends the consistent interpretation of securities laws with the demands of diversified investors.
- Subjects
UNITED States; SECURITIES fraud; CLASS actions; PUBLIC companies; INSIDER trading in securities; STOCKHOLDERS; SECURITIES industry laws; INVESTORS
- Publication
Regulation, 2006, Vol 29, Issue 2, p46
- ISSN
0147-0590
- Publication type
Editorial