private rights of action

SEC Requests Comments on Antifraud Private Rights of Action

On October 25, the SEC requested comments on issues related to a study required by the Dodd-Frank Act to determine the extent private rights of action under the antifraud provisions of the Securities Exchange Act of 1934 should be extended to cover transnational securities fraud. Comments on the issues must be submitted by February 18, 2011. SEC Request for Comments.