Precedent, Predictability, and Judicial Prerogative: Central Bank of Denver, N.A. v. First Interstate Bank of Denver, N.A. and Jack K. Naber
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Badger, Amy E.
INTRODUCTION|Among the less celebrated landmarks of President Franklin D. Roosevelt's New Deal Era of Legislation, the 73rd Congress enacted the Securities Act of 1933 ("1933 Act") and the Securities Exchange Act of 1934 ("1934 Act"). Both were enacted in response to the collapse of the United States' financial markets, following the stock market crash of 1929, and to address reports of serious abuse in the securities industry. Primarily, the 1933 Act regulates the initial distribution of securities and the 1934 Act regulates post-distribution trading. Section 10(b) of the 1934 Act contains general anti-fraud provisions. Pursuant to this statutory section, the Securities and Exchange Commission adopted Rule 10b-5 in 1942 which also prohibits fraudulent acts in connection with the sale of securities...
28 Creighton L. Rev. 419 (1994-1995)
Creighton University School of Law