In Central Bank of Denver N.A. v. First Interstate Bank of Denver N.A., the Supreme Court held that Section 10(b) of the Securities Exchange Act and Rule 10b-5 provide a private right of action for securities fraud against primary violators, but not against those who aid and abet primary violators. The lower courts were left to sort out actionable primary conduct from merely aiding and abetting.
Practicing Law Institute: "Securities Arbitration 2006: Taking Responsibility," New York City, New York.
New York Stock Exchange "NYSE Regulation First Annual Securities Conference," Panel on Dispute Resolution/Arbitration, New York City, New York.
NASD Dispute Resolution Arbitrator Training, the "Discovery Arbitrator Pilot Program," Los Angeles, California.
Because the 2d U.S. Circuit Court of Appeals includes the financial center of New York, it hears many important securities law cases. In the past year, the 2d Circuit decided three issues of first impression in federal securities fraud law.
Securities Industry Association "Compliance and Legal Division Seminar," Palm Desert, California.