The majority opinion in the case established that liability did not extend to aiders or abettors that participate in misstatements or omissions in connection with the sale of securities.
He also informed the court that all intelligence and law enforcement agencies have started an investigation to identify the real culprits, their abettors and sponsors.
The case makes the distinction between primary violators, who directly misstate or omit material facts that are relied upon by investors, and aiders and abettors.
