SCOTUS Delivers Win for Investment Funds, Rejects Activist Lawsuits Under Securities Law

this as a directive to courts on remedies — not a grant of a new right to sue.

“Section 47(b)’s wording thus presupposes that parties are already before the court and directs the court’s use of its remedial authority. It says not a word about individual rights,” Barrett explained.

The ruling reinforces that the SEC holds primary enforcement authority,continue reading …