Quotes · Quote card
Quotation from Aaron v. SEC by Supreme Court of the United States
“If the Commission is denied the ability effectively to nip in the bud the misrepresentations and deceptions that its investigations have revealed, honest investors will be the ones who suffer.”
Aaron v. SEC, Opinion of Justice Blackmun, concurring in part and dissenting in part (U.S. Reports text (Legal Information Institute))
Justice Blackmun, joined by Justices Brennan and Marshall, warns of the practical effect of requiring scienter in SEC suits.
Citation: "If the Commission is denied the ability effectively to nip in the bud the misrepresentations and deceptions that its investigations have revealed, honest investors will be the ones who suffer." — Supreme Court of the United States, Aaron v. SEC, Opinion of Justice Blackmun, concurring in part and dissenting in part (U.S. Reports text (Legal Information Institute)). (id aaron-v-sec-q5)
Portrait: US Supreme Court Justice Potter Stewart - 1976 official portrait, Robert S. Oakes, Public domain.
