Legal Opinion
Aaron v. Securities & Exchange Commission
Supreme Court of the United States
Decided June 2, 1980No. 79-66PublishedCited by 758 opinions
1Opinion of the CourtJustice Stewart
The issue in this case is whether the Securities and Exchange Commission (Commission) is required to establish scienter as an element of a civil enforcement action to enjoin violations of § 17 (a) of the Securities Act of 1933 (1933 Act), § 10 (b) of the Securities Exchange Act of 1934 (1934 Act), and Commission Rule 10b-5 promulgated under that section of the 1934 Act.
I
When the events giving rise to this enforcement proceeding occurred, the petitioner was a managerial employee at E. L. Aaron & Co. (the firm), a registered broker-dealer with its principal office in New York City. Among other…
2Cases cited17 opinions
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- Hecht Co. v. BowlesSupreme Court of the United States · 1944
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3Cited by758 opinions
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