(a) Is an investment adviser or its parent liable under Rule 10b-5 for false statements included in...

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(a) Is an investment adviser or its parent liable under Rule 10b-5 for false statements included in mutual fund prospectuses?
(b) Is either firm liable under Section 20(a) or Section 20(b)?

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Managers and the Legal Environment Strategies for the 21st Century

ISBN: 978-1111530631

7th edition

Authors: Constance E. Bagley

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Question Posted: Mar 17, 2016 03:57 AM

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(a) Is an investment adviser or its parent liable under Rule 10b-5 for false statements included in...

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a In a fivefour decision the US Supreme Court ruled in Janus Capital Group Inc v First Derivative Traders 131 S Ct 2296 2011 that neither the investment adviser nor its parent was liable under Rule 10...View the full answer

Managers and the Legal Environment Strategies for the 21st Century

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