Question

The Private Securities Litigation Reform Act mandated that:
A.The SEC could not pursue claims against third parties not directly responsible for a securities law violation.
B.Only the SEC could pursue claims against third parties not directly responsible for a securities law violation.
C.The PCAOB was given the authority to decide whether third parties not directly responsible for a securities law violation were never-the-less involved so closely to the violation that they could have claims pursued against.
D.Private plaintiffs who suffered injury could maintain private causes of action against third parties not directly responsible for a securities law violation.

Answer

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