{"id":4375,"date":"2007-02-20T08:43:44","date_gmt":"2007-02-20T08:43:44","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/02\/recent_actions_by_the_sec_brin"},"modified":"2022-03-28T13:52:59","modified_gmt":"2022-03-28T18:52:59","slug":"recent-actions-by-the-sec-brin","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/recent-actions-by-the-sec-brin\/","title":{"rendered":"Recent Actions By The SEC Brings Up The Question: Is It On The Side of Individual Shareholders Or Does It Protect Accountants And Corporate Executives?"},"content":{"rendered":"<p>\t\t\t\tSecurities and Exchange Committee Chairman Christopher Cox could lose the confidence of investors, and quite possibly, Congress, if he and the other appointed commissioners continue to pursue their chosen path of action.<\/p>\n<p>The SEC has taken steps to reduce the chances of lawsuits being filed against auditing firms, corporations, and their executives, says the New York Times. The commission filed an amicus brief with the Supreme Court last week. In the brief, the SEC argued for an interpretation of the Private Securities Litigation Reform Act of 1995 that would make it more difficult for shareholder fraud suits to be successfully litigated. <\/p>\n<p>While an appeals court has said that investors only have to show that &#8220;a reasonable person&#8221; could infer from the accusations (if proven true) that the executives named in a fraud suit acted with the intent to commit fraud, the SEC&#8217;s interpretation wants there to be evidence that there was a &#8220;high likelihood&#8221; of a defendant meaning to break the law.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/recent-actions-by-the-sec-brin\/\"  title=\"Continue Reading Recent Actions By The SEC Brings Up The Question: Is It On The Side of Individual Shareholders Or Does It Protect Accountants And Corporate Executives?\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Securities and Exchange Committee Chairman Christopher Cox could lose the confidence of investors, and quite possibly, Congress, if he and the other appointed commissioners continue to pursue their chosen path of action. The SEC has taken steps to reduce the chances of lawsuits being filed against auditing firms, corporations, and their executives, says the New [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3801],"tags":[],"class_list":["post-4375","post","type-post","status-publish","format-standard","hentry","category-sec"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Recent Actions By The SEC Brings Up The Question: Is It On The Side of Individual Shareholders Or Does It Protect Accountants And Corporate Executives? &#8212; Investor Lawyers Blog &#8212; February 20, 2007<\/title>\n<meta name=\"description\" content=\"Securities and Exchange Committee Chairman Christopher Cox could lose the confidence of investors, and quite possibly, Congress, if he and the other &#8212; February 20, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/recent-actions-by-the-sec-brin\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Recent Actions By The SEC Brings Up The Question: Is It On The Side of Individual Shareholders Or Does It Protect Accountants And Corporate Executives? &#8212; Investor Lawyers Blog &#8212; February 20, 2007\" \/>\n<meta name=\"twitter:description\" content=\"Securities and Exchange Committee Chairman Christopher Cox could lose the confidence of investors, and quite possibly, Congress, if he and the other &#8212; February 20, 2007\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Recent Actions By The SEC Brings Up The Question: Is It On The Side of Individual Shareholders Or Does It Protect Accountants And Corporate Executives? &#8212; Investor Lawyers Blog &#8212; February 20, 2007","description":"Securities and Exchange Committee Chairman Christopher Cox could lose the confidence of investors, and quite possibly, Congress, if he and the other &#8212; February 20, 2007","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/recent-actions-by-the-sec-brin\/","twitter_card":"summary_large_image","twitter_title":"Recent Actions By The SEC Brings Up The Question: Is It On The Side of Individual Shareholders Or Does It Protect Accountants And Corporate Executives? &#8212; Investor Lawyers Blog &#8212; February 20, 2007","twitter_description":"Securities and Exchange Committee Chairman Christopher Cox could lose the confidence of investors, and quite possibly, Congress, if he and the other &#8212; February 20, 2007","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/recent-actions-by-the-sec-brin\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/recent-actions-by-the-sec-brin\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Recent Actions By The SEC Brings Up The Question: Is It On The Side of Individual Shareholders Or Does It Protect Accountants And Corporate Executives?","datePublished":"2007-02-20T08:43:44+00:00","dateModified":"2022-03-28T18:52:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/recent-actions-by-the-sec-brin\/"},"wordCount":439,"articleSection":["SEC"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/recent-actions-by-the-sec-brin\/","url":"https:\/\/www.investorlawyers.com\/blog\/recent-actions-by-the-sec-brin\/","name":"Recent Actions By The SEC Brings Up The Question: Is It On The Side of Individual Shareholders Or Does It Protect Accountants And Corporate Executives? 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