Section 11(a) and rule 11A-1 of the Securities Exchange Act of 1934: Long on the books, but rarely invoked rules that landed NYSE floor brokers in jail

Authors
Ragozino, A Gambino, CJ
Citation
A. Ragozino et Cj. Gambino, Section 11(a) and rule 11A-1 of the Securities Exchange Act of 1934: Long on the books, but rarely invoked rules that landed NYSE floor brokers in jail, SECUR R LAW, 29(1), 2001, pp. 13-34
Citations number
3
Categorie Soggetti
Law
Journal title
SECURITIES REGULATION LAW JOURNAL
ISSN journal
00979554 → ACNP
Volume
29
Issue
1
Year of publication
2001
Pages
13 - 34
Database
ISI
SICI code
0097-9554(200121)29:1<13:S1AR1O>2.0.ZU;2-0
Abstract
In 1998 a group of floor brokers from the New York Stock Exchange were char ged both criminally and civilly in the first enforcement cases ever to alle ge violations of Section 11(a) of the Securities Exchange Act of 1934, and Rule 11a-1 thereunder. This article provides a detailed account of the even ts surrounding this notorious scandal, including the various analyses of th e meaning and purposes of Section 11(a) and Rule 11a-1.