Aaron v. Securities and Exchange Commission
Supreme Court of the United States
446 U.S. 680 (1980)
Scienter is required only for subsection 17(a)(1) of § 17(a); the other subsections can impose liability based on negligence.
Relevant Facts
Aaron, a supervisor at an investment firm (defendant), was accused by the SEC (plaintiff) of failing to prevent fraudulent practices by salespersons under his supervision.
Issue
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Holding & Reasoning
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Concurrence
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Dissent
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Last updated:
December 8, 2023
Judicial Opinion
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Procedural History
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Citations
446 U.S. 680 (1980)