Stop Enablers of Fraud Act
Last action on Nov 12, 2002Referred to the Subcommittee on Crime, Terrorism, and Hom...
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Summary
Stop Enablers of Fraud Act - Amends the following Acts to impose liability for recklessly or knowingly providing substantial assistance towards aiding and abetting violations: (1) the Securities Act of 1933; (2) the Securities Exchange Act of 1934; (3) the Investment Company Act of 1940; and (4) the Investment Advisers Act of 1940.
Shields from liability an omission or failure to act unless such omission or failure constitutes a breach of a duty owed by the relevant party.
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