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Quotation from SEC v. Capital Gains Research Bureau, Inc. by Supreme Court of the United States
“Experience has shown that disclosure in such situations, while not onerous to the adviser, is needed to preserve the climate of fair dealing which is so essential to maintain public confidence in the securities industry and to preserve the economic health of the country.”
SEC v. Capital Gains Research Bureau, Inc., Opinion of the Court (Justice Goldberg), Part III (U.S. Reports text (Legal Information Institute))
Justice Goldberg concludes by connecting individual disclosure to public confidence in markets.
Citation: "Experience has shown that disclosure in such situations, while not onerous to the adviser, is needed to preserve the climate of fair dealing which is so essential to maintain public confidence in the securities industry and to preserve the economic health of the country." — Supreme Court of the United States, SEC v. Capital Gains Research Bureau, Inc., Opinion of the Court (Justice Goldberg), Part III (U.S. Reports text (Legal Information Institute)). (id sec-v-capital-gains-research-bureau-q4)
Portrait: Justice Arthur Goldberg - 1965 - A720-5, Yoichi Okamoto, Public domain.
