Labels:book | reckoner | sky | tree | windowpane OCR: the language of 10(b) and with the purpose and struc- turc of the federal securities laws. Over the past three decades, hundreds of federal court opinions have unanimously upheld and applicd civil aid. ing and abetting vital integral component of the 10b-5 remedy Subscqucnt Congresses have endorsed this judicial interpretation and have effectively ratified the privatte aiding and abctting action These affirmations rcinforee the conclusions from the language and history cf the securities Acts Without unacceptable damage to congressional intent and 1 the jurisprudence 10{b} secondary liability may not severed from the 10b-5 action whole The 1934 Congress intended that "scicnter. the requi- site state of mind for both primary violations and aiding and abctting. would encompass reck less condu ...
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