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Exchange Traded Funds Investment Company Act of 1940 Breach of Duty

Burr & Forman

Sixth Circuit Rejects Private Action Under ’40 Act § 36(A)

Burr & Forman on

Ruling in a case of first impression, the Sixth Circuit rejected an implied cause of action under Section 36(a) of the Investment Company Act of 1940, 15 U.S.C. § 80a-1 et seq. Although the Circuits remain split, recent...more

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