Question: Did the SEC exceed its rulemaking authority by adopting Rule 14e-3(a) without requiring a showing that the trading at issue entailed a breach of fiduciary

Did the SEC exceed its rulemaking authority by adopting Rule 14e-3(a) without requiring a showing that the trading at issue entailed a breach of fiduciary duty?

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In United States v OHagan 521 US 642 1997 the Supreme Court held that Rule 14e 3a was a proper exerc... View full answer

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