A bill to amend the Securities Exchange Act of 1934 to provide a private right of action for violations of the margin requirements under section 7 of the Act.

Summary

Amends the Securities Exchange Act of 1934 to grant a private right of action to an issuer of securities if the acquisition of five percent or more of such securities was done in violation of margin requirements. Outlines the remedies available. Makes such private right of action retroactive to three years preceding the date of enactment of this Act.

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Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 8 November 1989

  Open at official source

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