Gustafson v. Strangis

How courts have described this case

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

• holding Exchange Act does not provide private right of action against NASD for failing to prevent member misconduct
• stating that “[t]he statutory scheme, which provides for ... pervasive oversight- of the NASD by the SEC ... suggests that Congress intended [this method] to be the exclusive means of enforcement”
• broadly holding that section 15A “does not create a private cause of action for the NASD’s failure to prevent member misconduct”

Source: CourtListener parenthetical corpus (CC0).