Opinion: Could the SEC Secretly Abolish Investors’ Right to Sue?
If the Trump administration has its way, large public companies will get a giant gift that would effectively shield them from accountability when they violate the securities laws.
The Securities and Exchange Commission (SEC), the independent agency that declares itself the “Investor’s Advocate,” is at this center of the fight over whether shareholders will be able to recover for harms caused to them. SEC staff have been reportedly seeking out test cases to permit companies to block defrauded shareholders from going to court to recover their losses.
The above excerpt was originally published in MarketWatch. Click here to view the full article.
The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. A full list of supporters is available here. American Progress would like to acknowledge the many generous supporters who make our work possible.