DC Circ. Gives New Meaning To 'Willful' In Securities Statutes

By Mary Jo White, Andrew Ceresney, Robert Kaplan, Julie Riewe and Jonathan Tuttle (May 14, 2019, 5:13 PM EDT) -- The U.S. Securities and Exchange Commission has long taken the view that an actor engages in "willful" conduct under the federal securities laws by simply engaging in a voluntary act, even if the actor did not recklessly or intentionally violate a legal obligation. This view has allowed the SEC to obtain bars and penalties in contested administrative proceedings and in settlements without a showing of recklessness. The U.S. Court of Appeals for the D.C. Circuit's recent decision in The Robare Group v. SEC has now rejected this view.[1]...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!