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.
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.
Referred to the Subcommittee on Courts and Competition Policy.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S8564-8565)
Read twice and referred to the Committee on the Judiciary.
Committee on the Judiciary Senate Subcommittee on Crime and Drugs. Hearings held. With printed Hearing: S.Hrg. 111-369.
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