Federal Deposit Insurance v. National Ass'n of Securities Dealers, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that “a customer of a member of a national securities exchange has no common law cause of action against the association for negligent ... supervision of the member”
• holding that, although the Exchange Act “sets forth a statutory standard of care with which the NASD must comply in the regulation of its members, the Act does not create a common law cause of action”
• holding that, although the Exchange Act “sets forth a statutory standard of care with which the NASD must comply in the regulation of its members, the Act does not create a common law cause of action”

Source: CourtListener parenthetical corpus (CC0).