A bill entitled the "Securities Act Amendment of 1995".

Summary

Amends the Securities Act of 1933 to declare that the civil remedy of rescission shall not be available with respect to material misrepresentations or omissions in a prospectus or communication in connection with an offer or sale of a security if the defendant proves that any depreciation in the value of such security did not result from a misrepresentation or omission in a prospectus. Limits the plaintiff's recovery of damages to only so much of the depreciation in the security's value as the defendant fails to prove to have resulted from a cause other than the misrepresentation or omission in the prospectus.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 25 May 1995

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 25 May 1995

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 25 May 1995

  Open at official source

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