15 USC 78t-1 - Liability to contemporaneous traders for insider trading

U.S Code last checked for updates: Feb 21, 2025

§ 78t–1.

Liability to contemporaneous traders for insider trading

(a)

Private rights of action based on contemporaneous trading

(b)

Limitations on liability

(1)

Contemporaneous trading actions limited to profit gained or loss avoided

(2)

Offsetting disgorgements against liability

(3)

Controlling person liability

(4)

Statute of limitations

(c)

Joint and several liability for communicating

(d)

Authority not to restrict other express or implied rights of action

(e)

Provisions not to affect public prosecutions

(June 6, 1934, ch. 404, title I, § 20A, as added Pub. L. 100–704, § 5, Nov. 19, 1988, 102 Stat. 4680.)

cite as: 15 USC 78t-1