Labels:book | reckoner | windowpane OCR: lation as "the *most substantial PuB significant revision of this country's federal securities laws since the passage the Securities Exchange Act 111 1934. at 384 85 (quoting Securities Acts Amenaments 1975. Hearings on 249 before tfe Subcomm 01 Securities the Sen- at Comm. or Banking Housing and Urban Affairs, 94th Cong. 181 Sess (1975} At the time of these sweeping amendments, the private aiding and abctting remedy had hecn judicially identified for at least years, since Pettit imerican Stock Ex change Supp 21. 28 (S.D 1963), and had roots the private 10(b) action itsclf.15 By 1975 private action for aiding and abetting had been by each of the six federal courts of appeal have addressed it namely the Second, Third. Fifth, Sey- enth, Ninth and Tenth Circuits. See Drexel 479 F.2d 1277 (2d ...
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