Roles and Reasonable Expectations of the Underwriter, Lawyer, and Independent Securities Auditor in the Efficient Provision of Verified Information: “Truth in Securities” Reinforced

Authors

Arnold W. Messer, Rifkind & Sterling

Abstract

I. Introduction

II. Need for Verified Information … A. The Need for Prevention … B. The Securities and Exchange Commission … C. The Determent Effect

III. Lawyer as Auditor? … A. The Role of the Lawyer … B. Lawyer’s Duty to Investigate

IV. The Independent Securities Auditor … A. The Benefits … B. The Costs … C. The ISA … D. The Standard of Liability … E. Implementation under the Federal Securities Code

V. Conclusion

Appendix

Recommended Citation

Arnold W. Messer, Roles and Reasonable Expectations of the Underwriter, Lawyer, and Independent Securities Auditor in the Efficient Provision of Verified Information: “Truth in Securities” Reinforced, 52 Neb. L. Rev. 429 (1973)
Available at: https://digitalcommons.unl.edu/nlr/vol52/iss4/2